BusinessNow Transfer Loans Using Bitcoins Via This German Online Bank
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Now Transfer Loans Using Bitcoins Via This German Online Bank
Bitbond allows to transfer loans anywhere in the world
Digital currencies are held shortly to avoid the currency fluctuations
Loans are relatively small and don't exceed $50,000
Clients hold the loans in digital tokens like Bitcoin only for seconds or minutes.
German Radoslav Albrecht has founded an online bank that allows clients to transfer loans anywhere in the world using Bitcoin. Bitbond uses cryptocurrencies like Bitcoin to bypass the Swift international transfer system to lend money across the globe rapidly and at low cost.
"Traditional money transfers are relatively costly due to currency exchange fees, and can take up to a few days," Albrecht told Reuters TV in his office in Berl...