Bitcoin is a bit like the wild west of finance. If you want to be the one walking away towards the setting sun when the dust settles, you have to be extra careful as Bitcoin scams and ponzi schemes are everywhere.
BTCjam allows users to invest their bitcoin and earn a high rate of return. This process is secure and allows investors to participate in peer-to-peer lending.
The new tool gives BTCjam lenders the ability to diversify their investment portfolio into hundreds of loans with just three clicks. Autoinvest is meant to make the process of investing simpler and less time consuming.
New borrowers from Bitcoin peer-to-peer landing network BTCJam should expect something familiar to customers of brick-and-mortar lenders: a credit check.
Patrick Murck, executive director of the Bitcoin Foundation, has joined the board of advisors of BTCJam – a bitcoin-powered peer-to-peer lending network.
San Francisco-based BTCJam, a startup that aims to connect wealthy lenders with borrowers in places like Brazil, is one of the first companies to apply bitcoin’s advantages as a cryptocurrency to markets where they can do the most good.