No Summary provided as the original text is short
- Bitcoin-Backed Loan: A loan in which a borrower pledges Bitcoin as collateral, allowing access to fiat currency or other assets without selling the cryptocurrency.
- Collateral: An asset pledged by a borrower to a lender as security for a loan, which can be seized if the borrower defaults.
- Cryptocurrency: A digital or virtual currency secured by cryptography, often operating on decentralized blockchain technology.