Berlin-based P2P crediting platform Bitbond is known as one of the few companies offering credit in Bitcoins.
Bitbond's founder and CEO, Radoslav Albrecht, believes that the use of the key crypto makes it possible to avoid the very expensive services of SWIFT, the world's leading provider of financial services. Information is available from Reuters.
"Traditional money transfers are relatively expensive because of currency exchange fees and can take a few days. Bitbond provides independent payments wherever customers are. Thanks to the Internet, everything is getting faster and cheaper. "
Bitbond's financial model implies that customers keep the bits only a few seconds or minutes and then convert them into the currency of the country where the borrower is located. In addition to the high speed of service, this approach triggers the problems arising from the volatility of the course.
The Bitbond platform was launched in 2013, and in 2016 it was licensed by the German financial regulator BaFin. Today it is a certified banking institution.
Bitbond sells credits for about $ 1 million per month. Most credits do not exceed $ 50,000.
image source - Instagram
