The Farm at Okefenokee First to Use New Bitcoin Program
NEW YORK – Abra, a global platform for digital asset prime services and wealth management, today announced a partnership with BitPay, the world's largest provider of Bitcoin and cryptocurrency payment services. Via the Abra and Bitpay partnership Bitpay merchants will have access to a bitcoin-backed loan product for their customers to make purchases. Abra, via its subsidiary, Abra Capital Management LP (ACM), will support BitPay merchant customers that want to borrow against their BTC collateral to make purchases. Customers pledge bitcoin as collateral to a loan, then use the loan proceeds to fund high value purchases. Once the loan is paid off, the bitcoin is returned to the borrower’s wallet. The Farm at Okefenokee , a 705-acre regenerative farming community in Folkston, Ga., is the first merchant to use this partnership to offer bitcoiners a way to purchase cabins at the farm. The community at The Farm enjoys a modern, self-sufficient lifestyle with like-minded neighbors and b