I definitely agree that it's great, maybe even strange that it's the first of its kind on a blockchain like Hive, which is around for years.
I was wondering a couple of things:
I guess the interest will be higher than 15% as the deposit interest to stake hbd is 15%? Not sure if you could disclose ofcourse. For me that sounds like a very high interest (atleast compared to my part of the world). I have absolutely no idea how interest rates are around the world / how banks work in term of being able to get a business loan etc.
Is there any kind of collateral? Or is it the reputation of Fokusnow which worked as collateral? I recently saw someone sayîg that in the future our reputation would become more and more important as ai grows. Or do you know fokusnow on a personal level?
Don't get me wrong, I definitely think such business loans are awesome and shows the value of Hive, borderless businessloans but it just made me reflect 😅