A Bitcoin can act as collateral to get a loan. One Bitcoin is worth Rs.4500000, and by pledging it one can get easily a loan to the extent of 50-70 percent, say Rs.30 lac. The intermediary bank are institutions such as EasyFi Network, Valud and Cashaa. Let us call them crypto banks. The loan is instant as creditworthiness is not to be assessed of the loan seeker. The loan is disbursed to a crypto account which uses stablecoins ( say USDT) pegged to the US dollar. These stablecoins which represent the loan amount can be exchanged on a crypto exchange to get the desired fiat money. Other than Bitcoin, Ethereum or Ripple can also be pledged. There is no fixed tenure to repay the loan, and there are no foreclosure charges.