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The State of the P2P Bitcoin Lending Industry

Chris Grundy of Bitbond provides an update of lending with Bitcoin

August 21, 2015 By Ryan Lichtenwald 13 Comments

Views: 773

This is a follow up to Stu Lustman’s two part series on Bitcoin P2P lending by Chris Grundy of Bitbond. Chris is an SEO Specialist, Bitcoin obsessive and avid tech fan who has written for a variety of Online publications as well as regularly contributing to the Bitbond blog. You can follow him on Twitter or connect with him on LinkedIn. Any feedback is welcome and encouraged.

Combining Forces -P2P lending and Bitcoin

P2P lending is having a stellar year. Indeed, the Peer-to-Peer Finance Association revealed that a record-breaking $792 million has been lent out through UK lending platforms in 2015 Q2.

Things in the U.S. look equally promising as Lending Club announced successfully breaking through $1.9 billion in originations in Q2. Prosper reported an equally impressive quarter, issuing $912.4 million in new loans, a 147% increase year-over-year.

With the P2P industry in such good health, why should you be interested in bitcoin based p2p lending? [Read more…]

Filed Under: Peer to Peer Lending Tagged With: Bitbond, Bitcoin, Bitlendingclub, BTCJam, lending

Views: 773

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ABOUT LENDIT FINTECH NEWS

LendIt Fintech News, Powered by Lend Academy, has been bringing you all the news and information about fintech and online lending since 2010 when it was founded by Peter Renton. We not only have the industry’s most active news site, but also the largest investor forum and the first and most popular podcast.

We are a team of fintech enthusiasts who have been covering the industry for many years. With a deep knowledge of online lending, digital banking, blockchain, artificial intelligence and more our team covers the daily news and writes in-depth editorials.

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