Smarter Web Company secures $30M credit line from Coinbase to buy BTC

UK-based web developer Smarter Web Company (SWC) has secured a strategic credit line of up to $30 million from Coinbase Credit, TipRanks reported. The facility, which functions like a revolving line of credit where interest is paid only on the amount drawn, is collateralized by SWC's existing Bitcoin holdings. The company plans to use the funds to purchase additional Bitcoin.