You can now get a mortgage on your address in cyberspace in the same way that
you can take out a mortgage on your bricks-and-mortar address. The Industrial
Bank of Korea is offering loans to businesses of up to $26 000. “I could
see many circumstance where this wouldn’t work,” says Robert Porter of Harbottle
and Lewis, a firm of lawyers specialising in the Internet. He says the value of
the site depends on the company’s success, so in hard times the security will be
useless.
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