Peer to Peer Bitcoin Lending

Discussion in 'BlackHat Lounge' started by The Scarlet Pimp, Aug 3, 2014.

  1. The Scarlet Pimp

    The Scarlet Pimp Senior Member

    Apr 2, 2008
    Likes Received:
    Chair moistener.
    this is for you guys who are always talking about opportunities.

    "In emerging economies, like Mexico and India, it is very difficult for citizens to obtain an affordable loan. For example, in Brazil the interest rate for a personal loan can easily reach 200%. Simultaneously, the borrower has to jump through many ‘bureaucratic hoops', making the application a lengthy process.

    Through the completely global, independent and digital currency Bitcoin, BTCJam can facilitate fast and cheap transactions, while overcoming the boundaries between countries. Furthermore, BTCJam developed a unique online, peer-to-peer reputation system in lieu of traditional credit scores to qualify borrowers across the world and allow them to build a transparent credit profile on the platform."

    buy low, sell high! :cool:
    Last edited: Aug 3, 2014