A crypto lending startup backed by TechCrunch founder Michael Arrington launched a U.S. dollar credit platform on Monday.
Spring Labs, an identity- and credit-focused blockchain startup, has raised $14.75 million in a seed funding round.
China's banking regulator, the CBRC, thinks the country should double down on its adoption on blockchain technology to improve the credit market.
An influx of get-rich-quick types could encourage the sort of behavior that bitcoin was designed to escape.
The arrival of institutional investors has created openings for services similar to the prime brokerage that banks have long provided to hedge funds.
While praising the use case for credits cards, American Express CEO Kenneth Chenault has said he sees potential in blockchain technology.