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 …

BitLendingClub to Take On Trillion Dollar Loans Market, Encouraging ‘Good Borrowers’

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Cross-border peer-to-peer (P2P) bitcoin lending platform BitLendingClub, is looking to disrupt the growing lending industry with a unique model that should oust bad players while providing a better framework for “good borrowers.” The Bulgaria-based startup integrated with the Boost VC accelerator program in February, and is looking forward to demo day on May 7, where the team will be presenting its product to an audience filled with influential VCs and industry leaders. Speaking with CoinTelegraph, co-founder and CEO Kiril Gantchev, shared his excitement to be one of the 25 startups selected to integrate Boost VC’s Tribe 5, as well as his ambition to provide greater efficiency to a trillion dollar market that is ripe for innovation. The right incentive BitLendingClub, which works under a ‘Dutch auction’ system that consists in letting borrowers choose the interest rate that matches their requirements, charges fees from loans that have been repaid. The particular element allows BitLendingClub to have “an extra incentive to provide a better framework for good borrowers to repay their loans and bad borrowers to be selected out as early as possible,” and enables the startup to differentiate itself from other existing services that would essentially provide an infrastructure for borrowers …