APX teams up with Netcoins to offer crypto-backed loans

Toronto’s APX Lending has teamed up with one of its investors, Netcoins , to help the Vancouver-based company’s customers access cryptocurrency-backed loans. The news: APX, which got its start providing crypto-backed loans directly to consumers and businesses last year, has developed a software platform designed to help partner companies launch embedded credit products that use Bitcoin and Ether as collateral under their own brand. Netcoins, which is owned by TSX Venture Exchange-listed Bigg Dig