Voltage, a Bitcoin infrastructure provider, launched Voltage Credit, a revolving line of credit that lets businesses send payments over Bitcoin rails with instant settlement in U.S. dollars.
I disagree with Bitcoin and crypto industry leaders like Michael Saylor and Brian Armstrong, who are proposing building a new debt system on top of bitcoin, which was built to be a definancializing force.
Bitcoin-backed credit built with DeFi represents a stronger and more practical vision of "bitcoin free banking" originally described in 2010 by Hal Finney.
The leverage-fueled mania in crypto is over with yield arbitrage opportunities collapsing. How can companies still offer yield products above risk-free rates?
Rising interest rates may seem bullish for the bitcoin price, but a credit market unwind and hawkish central bank means a market selloff in the short term.
PREDICT BITCOIN
