Tagbitbond

German Online Bank Dismisses Swift, Favors Bitcoin for International Money Lending

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Bitbond, an online bank founded in Germany in 2013 by German Radoslav Albrecht, has found an innovative use case for bitcoin's borderless nature: international loan payments. It was the first to use bitcoin to transfer credit in currency internationally, not only as loan collateral, and it's currently processing about $1 million in loan payments per month. As the company explains on its website:...

Bitcoin P2P Lender Bitbond Secures €5 Million to Fund Loans

German peer-to-peer bitcoin loan platform Bitbond has netted €5m in debt financing to fund new loans through its SME lending platform. Launched in 2013, Bitbond provides a platform to connect lenders and borrowers while facilitating loans in bitcoin. The platform also checks the credit-worthiness of applicants and the purpose of the loan while determining an interest rate for a loan. To...

Bitcoin Startups BitPesa and Bitbond Deliver P2P Loans for African Businesses

Bitbond BitPesa Africa Bitcoin

Bitcoin startups BitPesa and Bitbond, based in Africa and Germany respectively, have announced a new initiative to bring financing options to businesses in Kenya, Nigeria, Tanzania and Uganda. The partnership sees BitPesa, a pan-African bitcoin payments startup that initially launched in Kenya in 2013 as the continent’s first bitcoin company, with Bitbond, a prominent Berlin-based peer-to-peer...

Bitcoin P2P Lending Platform Bitbond Raises $1.2 Million in Equity Funding

Bitbond, a German peer-to-peer bitcoin loan platform closed an equity funding round of $1.2 million in new capital as it looks to fuel user growth in potential markets. As a platform to connect lenders and borrowers, Bitbond facilitates loans in bitcoin by checking the credit-worthiness of applicants while studying the purpose of the loan to determine the interest rate for the loan. Notably, the...

BitBond Unveils a Bitcoin Version of “the Big Mac Index”

The Economist's Big Mac Index is a financial instrument almost thirty years old, built on the theory of the Purchasing Power Parity. PPP essentially means that, over time, currency exchange rates should equalize such that identical goods cost roughly the same in any two countries. It is used to measure the value of currencies in that if more of a currency is required in one country than another...

A Bitcoin Alternative to Banks and Venture Capital: BitBond

CCN recently published an article about the various ways that you can get a small business funded in the cryptocurrency sphere, but we didn't do the crowdfunding segment justice. As such, it's time we covered a company called BitBond, which is based in Germany, which facilitates crowdfunding in much the same way that BTCJam does. However, because of the problems that BTCJam has had, our first...

Podcast 11: The Bitcoin Finance Episode

This episode is all about Bitcoin finances, from receiving part of your wages in Bitcoin to investing it. We spoke to the CEO of Bitbond, the peer-to-peer Bitcoin lending site about how their platform works. We spoke to Jonathan Chester, COO of Bitwage, the company that will let you receive part of your regular paycheck in Bitcoin with no hassle. We also had our own Venzen Khaosan that manages...

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