This February, the Finovate group will hold their conference, Finovate Europe, in the UK’s capital city of London. The US-based Finovate group, created in 1995, is one of the leading experts in research concerning banking technology and financial innovations. You might have heard the name if you have read the top notch research concerning banking and their publications of the online banking reports. They also run a very popular blog called NETbanker.com.
Finovate founder Jim Bruene was extremely interested in what innovations that Bitbond aim to bring to the table. Mr Bruene said:
“We’re excited to have Bitbond demo at FinovateEurope this year. Their solution which allows individuals to invest in a globally diversified loan portfolio at 0% fees is something we haven’t had at Finovate before. Moreover, Bitbond is the first company to pay for tickets with the digital currency Bitcoin. I hope that others will join them in doing so at our upcoming events.”
Bitbond is a Berlin based-company that offers an alternative source of finance for small businesses and individuals who struggle to raise funds via traditional means. Since its creation in July 2013, Bitbond has facilitated almost four hundred loans. In less than a year, Bitbond managed to accumulate over 7 000 users, spread over a hundred countries.
Bitbond’s CEO and Co-founder Radoslav Albrecht is not a rookie in the business. He has a background in economics and previously worked at Deutsche Bank. That Bitbond is serious in its goals is not in doubt, as they managed to secure $267,000 USD in August of 2014. Most of this investment came from the Berlin-based venture capital firm Point Nine Capital and from BillPay CEO Nelson Holzner.
A statement from Radoslav Albrecht:
“We are very excited to be able to showcase our products at FinovateEurope. This will allow us to demo our new AutoInvest feature in a 7-minute live demonstration at the upcoming fintech conference FinovateEurope in London on February 10th . . . This is not a great opportunity for Bitbond but also for the entire Bitcoin community . . . Bitbonds main focus is on the borrowers that have small businesses. Most of these small businesses that have been operating for two or three years, or maybe longer and cannot get finance from a bank.
If successful, Bitbond may be able to provide essential credit services to the Bitcoin sector. As in any economy, credit is important in the Bitcoin world for fostering growth and creating jobs. If Bitcoin is to become a large contributor to the global economy, a reliable source of credit will definitely be needed.
Do you think Bitcoin lending will play a significant role in the growth of the Bitcoin economy? Let us know in the comments below!
Serge, aka Sergio, has been travelling the world since he was 6. Thailand, India, Sri Lanka, Malaysia, Singapore, java, Sumatra, Bali, Japan, US, Entire European region, etc. are a couple examples of his travel destinations. He has been curious about different cultures and practices. This curiosity has led him to pursue a couple of university degrees. Serge has a couple master’s degrees from top European universities. While attending university, he wrote a lot of scientific papers concerning socio-economic and financial developments in the past and present. During his studies at university he offered his free time up to do volunteer work, along with some friends. They helped the homeless get back on their feet ( some of these "homeless" now have small companies of their own and Sergio has good connections with them). It was at during his studies at university, in 2009, when he first heard about "Bitcoin". Being a coin collector and economic expert, he was intrigued by it and is active in the Bitcoin and digital currency community ever since. He translated the Bitcoin comic from Spanish to English and he is also using his connections to get the comic into the Belgian and Dutch comic market, he is an official member of the Belgian Bitcoin Association and he is a freelance investigative journalist that has written under his own name as well as under a pseudonym for a multitude of news outlets. After graduating he was immediately hired by the university that he graduated from. After moving on from that research position he was hired by a famous European think-tank as a researcher. His hobbies are: dancing (from Argentine tango to Zouk), collecting coins and determining them, writing articles, translating, proof reading and doing scientific research. In 2014 Sergio and Jp combined their forces and created the crypto news outlet called Cryptoarticles. Sergio attended most of the European Crypto currency conferences, where he made a lot of connections and friends along the way.
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