An outfit called Helio Lending is planning to allow borrowers to use their spare cryptocurrency holdings as collateral for loans in actual hard currency. The company is claiming it has set up a white label partnership with Swiss-based software provider ETHLend - described by finder.com.au as "a decentralised, peer-to-peer lending service based on the Ethereum platform" - to manage crypto wallets and clearing liquidity. John O'Shea, founder of Helio Lending said in a promotional interview this week that his firm would offer a 30 to 50 per cent loan to value ratio and charge 17 to 24 per cent interest per annum, although later on in the same spray he said he could charge 25 per cent for interest-only loans. BNZ is in the process of refunding around 10,000 customers at a total costs of about NZ$3.8 million after errors with loan documentation dating back to changes to the Credit Contracts and Consumer Finance Act in 2015. BNZ said no customers were overcharged but are due refunds on interest and fees they paid because documents were not sent quickly enough or were missing information. The average refund is NZ$375. The New Zealand government yesterday launched its NZ$100 million green investment fund, set up to provide an alternative to bank funding for ventures which will reduce greenhouse gas emissions. An initiative of the junior coalition partner, the Green Party, it will receive NZ$25 million a year in operating finance along with the $100 million capital kick start.