P2P Bitcoin Lending Platform Review – BTCpop Review

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QUICK TAKE BTCpop offers the best default protection in the market – insurance up to 50% of the loan, a borrower’s collateral mechanism, and partnership with an international debt collection agency.   Acquisition of Ardeva allows the outsourcing (insourcing?) of account verification, which is thoroughly done, while protecting borrower privacy. Internal flotation of shares allows for collateralization of debt APRs are very high for borrowers, which discourages the most quality profiles from using the platform. Third higest loan volume in the market and growing. Try BTC-POP Today Summary BTCpop has hit the bitcoin lending ground running, introducing a number of novel concepts that will must likely become standard in the wider market.  Debt collateral, which had not made an appearance in the p2p bitcoin lending, is introduced utilizing a clever method of crowdfunding directly through the btcpop platform.  And despite some of their previous controversies, the acquistion of Ardeva, a company that has been solely focused on account verifications, lends more professional airs to the process, though it does also make it a bit more intensive.  We are also fond of the loan insurance concept, but its current form – in which this is a small premium added as a …

Bitcoin Lending Platform Bitbond Rakes in 600K Euro Investment

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Global Bitcoin P2P lending platform Bitbond has raised 600,000 euros in second tranche of angel funding. The platform’s total funding for the round has now reached 800,000 euros. The prominent angel investors this time included Florian Heinemann and Uwe Horstmann (Project A), Christian Vollmann (early investor in ResearchGate), and Felix Jahn (co-founder of Home24). Bitbond will utilize the funding to expand its customer base and make a highly pronounced impact on emerging markets. Bitbond, which was introduced in 2013, has processed over 600 loans with the number of registered customers touching 10,000 from over 120 countries. Radoslav Albrecht, founder & CEO of Bitbond said: “The additional resources will help us to continue realizing our mission which is to make lending and borrowing globally accessible. We are happy to have such experienced investors supporting us on this exciting journey.” On the development, angel investor Christian Vollmann commented that, “Currently over 50% of small businesses are underserved by banks and don’t have access to credit. Bitbond provides a technological solution to this problem. It’s great to see such an innovative approach being developed in the Berlin startup scene.” The International Finance Corporation of the World Bank estimates that the global credit gap …

P2P Lending Market Growth By The Numbers 2015

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Ever since the financial crisis in the U.S. happened, potential borrowers have been desperately trying to find better access to credit and at lower interest rates, in the meantime, retail investors have been seeking ways to grow their money more efficiently and receive higher returns on their investments. Banking institutions, who’ve been saddled with regulatory burdens, haven’t been able to fully meet the needs of either. Because of this gap in the market, much room was left open for the rapid growth of a new financial sector — peer-to-peer lending. Peer-to-peer lending platforms like Lending Club and Prosper Marketplace run online lending services that can quickly and automatically match borrowers seeking a loan to an investor willing to provide the funds for that loan at an attractive interest rate.         P2P Lending Market Numbers Infographic   Infographic credit to: www.LendingRobot.com   P2P Lending Growth Facts For 2015   The Peer-to-Peer lending industry is seeing significant growth, especially in developed countries with strong financial markets. P2P lenders in the US generated $6.6 billion in loans last year, up 128%. The US has one of the largest P2P lending markets in the world by loan volume, but the UK’s loan volume 72% larger on a per capita basis. Caused by low …

A Quick Review Of BTCLend A Peer-To-Peer Bitcoin Lending Network

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Don’t get caught in a jam While I have never been a big believer in loans in my life, crypto currency technologies have greatly changed my view on that subject this year when a new upstart launched in San Pedro California on January 17th  2015. BTCLend has a very solid platform with a familiar and simple to follow GUI that many crypto users may be familiar with if you have used BTCJam. After that, all the similarities drop off fast. BTCLend is banking on features that have already proven successful for others while at the same time developing potential features that many have asked for in the crypto currency lending space.   You Can Sign up Here Now and Create your BTCLend Wallet!   Signing up with BTCLend is straightforward, it is very much like opening a bank account and you will need to become verified at higher levels to gain a higher credit worthiness rating. After two months of operations BTCLend Currently has 71 open loan listings with a total of  ฿ 60.59855 in total funded loans to date. While BTCLend has been successful at creating an alternative to BTCJam for the crypto world. They have also learned from …

Judge Rules in Peer-to-Peer Bitcoin Lending Lawsuit

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A US judge has ruled that a Kentucky man must repay a loan he originally solicited in bitcoin. Judge Frank Fletcher of the Breathitt County District Court, in an order signed 5th June, stated that Dennis Kerley must repay $67,591 on a loan he had received in bitcoin via the peer-to-peer (P2P) lending platform BTCJam. The loan, dating back to December 2013, fell into default within a few months of receipt. The plaintiff in the case, Daniel Kaminski de Souza, loaned Kerley 11.95 BTC, worth just over $10,000 at the time it was solicited. The case is perhaps suggestive of how US judges who lack a general understanding of bitcoin consider cases, even providing a degree of precedent for future cases involving P2P loans denominated in bitcoin, according to lawyer Kevin Palley, who represented de Souza in the case. Palley told CoinDesk: “The judge did not understand what bitcoin was, and this is a small county in rural Kentucky. So he asked anybody in the courtroom if they knew about it and one or two people raised their hands.” Palley said that he went on to treat bitcoin as a kind of highly speculative foreign currency, a explanation that was ultimately accepted by the court. Kerley, according to Palley, did not …

BANKING BILLIONAIRE FEARS FUTURE OF BITCOIN VS. BANKS

admin Banking, Bitcoin, Bitcoin Lending / Loans, Bitcoin News, Bitcoin Politics, Featured, Opinion, P2P Lending, Technology, The History Of Money 0 Comments

Imagine life as a the patriarchal head of a fiat currency banking empire. Life is good, with the ability to create fiat currency out of thin air, thanks to fractional reserve banking practices which effectively legalizes counterfeiting money. You compare notes with other billionaires. Your donations and campaign influence have politicians wrapped around your finger when it is time regulate new competitors or new technologies. With effective control of politicians, regulators, and consumers sending you multiple streams of income, life couldn’t be better. With one exception. What if there was something, like Bitcoin, which the establishment’s bankers couldn’t wish into the corn fields? Controlling politicians, regulators, the general public, and national economies is pretty sweet, but can all that power protect you from new technologies? What if people had an option where they didn’t have to cut the banks in on every loan, transaction, or new economic measure passed through government? What if people start to figure out you don’t need a bank to live a prosperous life? What if a new technology removed the banks from the equation, leaving people to manage their own money, without a corporate middleman with their hand in your pocket? If you were a …