Under the hood, Firefish basically enables a bilateral loan agreement that’s enforced by the Bitcoin blockchain via multisig.

This way, one side is able to lend fiat, while the other one lends bitcoin. They both hold multisig keys.

But according to project co-founder Igor, Firefish is also “kosher” on the legal side. The start-up hired a lawyer and made sure that all edge cases are covered in order to run the operation smoothly.

To learn more, listen to the Bitcoin Takeover podcast 🎧

#firefish #bitcoin #bitcointakeover #bitcoinloan #borrowbtc #lendbtc #multisig #bitcoinmultisig #bitcoinpodcast #bitcointakeoverpodcast #btctkvr https://video.nostr.build/5fc020026aed49765dcee4b0f5bafc85830dcb4b94ca8ea9a79a48ea2f01a584.mp4