HODL Finance is a service that provides cryptocurrency-backed loans and uses cryptocurrency as collateral.
The service was created by European peer-to-peer lending platform SAVY, that operates in 33 European countries. Users of the service can get loans in fiat money and use cryptocurrencies as collateral. The creators of the service believe that blockchain and cryptocurrency are essential parts of digital economy.
HODL Finance partnered with Emercoin to provide loans to EMC holders.