German Online Bank Dismisses Swift, Favors Bitcoin for International Money Lending


Bitbond, an online bank founded in Germany in 2013 by German Radoslav Albrecht, has found an innovative use case for bitcoin’s borderless nature: international loan payments. It was the first to use bitcoin to transfer credit in currency internationally, not only as loan collateral, and it’s currently processing about $1 million in loan payments per month.

The post German Online Bank Dismisses Swift, Favors Bitcoin for International Money Lending appeared first on CCN

Posted by Jack Mathis on May 13, 2018 @ https://www.ccn.com/german-online-bank-dismisses-swift-favors-bitcoin-for-international-money-lending/

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