.jpg)
San Francisco-based startup BTCJam is taking peer-to-peer lending to a global audience, and is using bitcoin to achieve its vision.
Bypassing the restrictions of fiat currencies, the company says, allows any individual in the world to receive a loan via its platform.
BTCJam believes that P2P lending is at least a $1tn market globally and, for bitcoin holders who start lending out their funds, the concept is a great value proposition. Pitta told CoinDesk that BTCJam’s marketplace usually has 20 investors per loan, who receive a return of 19% per year on average.
