Borrow and invest without borders
5 stars based on
57 reviews
Bitcoin, the digital currency and decentralised public ledger system, has been bitbondprofitable bitcoin lendingglobal small the news for all the right reasons recently. Late into March ofthe BitGive Foundationa Bitcoin powered nonprofit organization, worked in conjunction with The Water Project to dig and operate the perhaps first Bitcoin-funded wellbringing clean water to a school in Kenya.
The region is notoriously underserved by the traditional banking system, resulting in extortionate costs. With Fiat currency, ie. As you know, MPesa is leading the way in the adoption of mobile currencies. It has proved successful bitbondprofitable bitcoin lendingglobal small Kenya because it has helped to bring basic financial services to the unbanked areas. Additionally, Safaricom has helped to unlock trade relationships between unbanked people which never existed before.
For small business owners and aspiring entrepreneurs MPesa and mobile money do not offer a suitable solution however, as affordable working capital is unobtainable through the service. So how does Bitcoin fill the gap left between fiat and mobile currencies?
Most importantly, the cryptocurrency offers Kenyan entrepreneurs access to affordable business loans. Young entrepreneurs like Funtrench are already taking advantage of Bitbondprofitable bitcoin lendingglobal small technology to fund their growing businesses through newly available global capital. Bitcoin bitbondprofitable bitcoin lendingglobal small enables anyone with an internet connection to access funding completely independently from the traditional banking system and even without a bank account.
At this point it is crucial to keep in mind that the cryptocurrency circumvents the extortionate transfer costs mentioned above. This results in a cheap, rapid and global loan marketplace which allows investors from Germany, India, the Philippines or wherever else you would like to mention, to fund up-and-coming Kenyan businesses. This would be impossible using fiat currencies as international exchange and transfer fees would far outweigh the fixed interest rates and subsequently, make foreign investments in small businesses bitbondprofitable bitcoin lendingglobal small.
Subsequently, entrepreneurs have access to funding from across the world and are no longer hindered by lack of local funding opportunities. Promisingly, companies such as Bitbond.
Bitbond exists to provide a platform for small businesses and international investors to meet, invest and borrow from each other in a global online lending community. Because there is no antiquated banking system driving up costs, p2p bitcoin lending sites, such as Bitbond, can pass on the savings to their customers, allowing for sustainable growth.
Thus, Bitbond, BitPesa and Bitsoko have created the necessary infrastructure for profitable international lending and exchanging to take place in Kenya. As bitbondprofitable bitcoin lendingglobal small be seen above, digital currencies are rapidly capturing the attention of Kenyan entrepreneurs, enthusiasts and laymen.
In the p2p lending space Bitcoin represents a major disruption as the minimal fees, global reach and instantaneous transfer of funds are such clear improvements on the current antiquated system.
.png)