P2P Bitcoin Lender BitBond Gets Another €600k in Funding

P2P Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term lending platform BitBond has secured another €600,000 ($684,000). The investment is the second after an earlier round of €200,000 ($268,000) last August.

Bitbond lenders earn interest (quoted rate is 13% per annum) on their bitcoins, loaned to regular borrowers or to fund bitcoin projects. Borrowers needed to supply financial information in order to determine their creditworthiness. If rejected, they can also post a load request.

The service is effectively a p2p lending platform, not a bank or a lender on its own. Lenders can therefore earn more interest than they would through traditional means, and borrowers gain access to capital which they may have otherwise not enjoyed. Since launch roughly two years ago, BitBond has reportedly facilitated almost 600 loans in over 120 countries.

Loan terms range from six weeks to five years. Users who want to avoid bitcoin's Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term can opt for USD-denominated loans.

Founder and CEO Radoslav Albrecht said the funding will go towards furthering BitBond's mission to "to make lending and borrowing globally accessible." The investment was made by Point Nine Capital and other angel investors.