LoanBit is a decentralized bitcoin lending platform that allows anyone to earn by lending BTC.
LoanBit Proprietary Limited, an Australian company has announced the launch of LoanBit.net, designed to provide small and medium businesses access to Bitcoin capital at affordable rates from private lenders.
LoanBit is an initiative serving as a mediator between companies that want to borrow Bitcoins to expand their business and individuals willing to lend their Bitcoins to earn a decent interest.
Bitcoin and other digital currencies have changed the way business is done nowadays and while some keep the digital currency as a store of value considering its prospects, others use it on a daily basis. Regardless of the reason, one can never have enough of the cryptocurrency and that is where platforms like LoanBit come in handy.
The blockchain-based platform is designed to ensure that small businesses, who have had systematic and disproportionately limited access to capital, despite being the majority, can fund and subsequently expand their businesses. The decentralization of cryptocurrency and the security of the system help to ensure that borrowers and lenders are immune of the instability of the market.
The platform is designed to bridge the gap between businesses in need of short-term funds to support their activities and for bitcoin users that are looking for an opportunity to earn from their holdings. One of the features and benefits of LoanBit is its higher profitability, as the platform’s faster customer acquisition and cost-efficient lending services lead to higher origination volumes and increased profits.
Investors also enjoy advanced credit risk models, with proven expertise in building credit models, hel...