06 Apr '15, 1pm

BitLendingClub to Take on Trillion Dollar Loans Market, Encouraging ‘Good Borrowers’ #bitcoin

BitLendingClub to Take on Trillion Dollar Loans Market, Encouraging ‘Good Borrowers’ #bitcoin

Cross-border peer-to-peer (P2P) bitcoin lending platform BitLendingClub, is looking to disrupt the growing lending industry with a unique model that should oust bad players while providing a better framework for "good borrowers." The Bulgaria-based startup integrated with the Boost VC accelerator program in February, and is looking forward to demo day on May 7, where the team will be presenting its product to an audience filled with influential VCs and industry leaders. Speaking with CoinTelegraph, co-founder and CEO Kiril Gantchev, shared his excitement to be one of the 25 startups selected to integrate Boost VC's Tribe 5, as well as his ambition to provide greater efficiency to a trillion dollar market that is ripe for innovation. The right incentive BitLendingClub , which works under a 'Dutch auction' system that consists in letting borrowers choose the interest rate th...

Full article: http://cointelegraph.com/news/113884/bitlendingclub-to-ta...

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