Overview of CBC
Central Bank of Cryptocurrencies (CBC) is a subsidiary of Ethersoft. CBC will be a multi-level service site allowing users to:
Take loans against their cryptocurrency assets,
Buy online the top 7 cryptocurrencies from the CBC Exchange,
Open a crypto checking or savings account,
Open an investment account,
Become a reseller for CBC
The concept and website has been in development for the past 5 months. The site will be ready for launch by June 9th 2018.
CBC will be an online service promoted mostly in Asia, Africa, Russia and South America. These locations have been selected after in-house due diligence determined these areas would utilize CBC services the most due to the lack of services available within their countries.
The site will be automated so users can purchase all products online.
Secured Loans – Loans will be offered at a 65% LTV on major cryptocurrencies. The main coins accepted for loans will be: Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and Dash. Other coins may be accepted however a smaller LTV may be offered. Clients can borrow $1,000 up to $100,000.
There will be a loan calculator on the CBC website for clients to select the right loan and repayment options for them.
CBC will offer loan terms of
3 Months – 15% APR
6 Months – 13% APR
12 Months – 10% APR
18 Months – 9% APR
24 Months – 8% APR