Bitbond Platform Allows Bitcoin Holders to Earn Interest on their Holdings

Bitcoin
Share

(NEW YORK)–The platform Bitbond now allows long-term Bitcoin holders to earn interest income by lending their holdings out in a unique basket of small business loans.

Sponsor: AppSwarm (OTC:SWRM)

There is no doubt Bitcoin has been the story into the close of 2017, and may continue being a hot story through 2018 based on its recent run and rate of return some traders have witnessed. While some may be short-term traders in Bitcoin others are long-term holders and plan to hold for much higher prices down the road.

Earn Interest on Your Bitcoin

For the longer-term holder a new platform allows these investors in Bitcoin to deposit any portion of their holdings they wish to lend out to small businesses, while at the same time earning interest on those holdings at much more attractive rate any bank could offer.

Through Bitbond platform Bitcoin holders can fund loans of small business owners from all around the world, while also earning interest on their cryptoholdings.

Their AutoInvest tool helps Bitcoin holders to create a globally diversified portfolio of loans to diversify your exposure, with as little as $5.00 to begin.

Choose Loan Risk Quality

All borrowers on Bitbond are carefully checked out, which includes a video identity verification and a thorough creditworthiness assessment. Applicants grant Bitbond access to their business and seller accounts on such sites as eBay, Amazon, MecadoLibre, PayPal, bank accounts, accounting software for income verification.

Their machine learning algorithm then evaluates the data from these accounts by conducting a manual review, while each borrower gets a rating between A and F to let you choose the risk level that you are comfortable with.

Thus higher the risk the higher your interest rate of return, while lower risk loans will pay less they have higher likelihood to be paid off in full, and on time. You choose your level of risk, or diversify it into a basket of loans using your current Bitcoin holdings.

Higher Rates then Bank

Banks offer historically low interest rates on fixed term deposits. The actual return is often negative when inflation is taken into account. Bitbond lets you avoid losing capital with interest rates of 10% to 35%. The expected return is approximately 13% per year in a diversified portfolio after bad debt. You can choose from loan terms of 6 weeks to 5 years. All of this while you help entrepreneurs to grow their business.

This is no doubt a more attractive rate of return you may get in a standard saving account or CD at your local bank.

How to Start

It seems pretty straight forward and easy! You simply register an account with Bitbond, then deposit the amount of Bitcoin you hold and wish to lend out to earn interest, and choose the level of risk you wish to take on.

Register Here to Learn More

Request a Small Business Loan

While on the other side of the coin (no pun intended) small businesses can register to apply to see if they may qualify for a small business loan funding directly from the Bitcoin market. When compared to the issues of trying to obtain a loan from traditional bank the ability for smaller size businesses to tap into the Bitcoin market to fund short term operations could be a big game changer of decentralizing away from the traditional money center banks.

Register to Apply for Loan

 


Disclaimer:
This is NOT a solicitation to Buy or Sell any security, but rather is for informational purposes only. Content contained herein includes facts, views, opinions and recommendations of individuals and organizations deemed of interest. Wall Street Newscast (“WSNC”) does not guarantee the accuracy, completeness or timeliness of, or otherwise endorse these views, opinions or recommendations, or give investment advice. WSNC, its affiliates, or directors, may or may not hold a position in the above security from time to time, and investors are encourage to consider this as a possible conflict of interest when reviewing this information. In Compliance with SEC Rule 17B Wall Street Newscast was not compensated for this media alert, but may hold a position in the above mentioned crypto currency, and thus should be considered a conflict of interest when reviewing this alert. These investments may involve a high degree of risk, thus investors are highly encouraged to consult with a financial advisor before any and all investments.

Safe Harbor Statements:
This website includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected.

High Risk
Crypto currencies involve a high degree of risk, and we highly encourage investors to consult with a financial advisor before making any and all investment decisions when investing in these type of securities.