Abic Corporation in Japan announced the launch of its Bitcoin support service.

The Japanese corporation began offering loans secured by a cryptocurrency. Representatives argue that this is the first service in Japan, where loans in the Japanese yen can be obtained usingcrypto currency as collateral.

Customers can take loans for a period of one month to five years. Loans can be repaid up to 60 installments without prepayment. The security of delay is 20% per year.