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Bitcoin lending platform BitBond launches EUR denominated loans

Berlin-headquartered Bitbond, a global P2P business lending platform utilizing bitcoin allowing users to not only borrow but also invest in loans by way of the digital currency has just announced the launch of EUR denominated loans on the platform.

The new feature now allows borrowers from around the world to choose EUR as the base currency for their loan.

For those located in the SEPA region, the new feature is a step toward further simplifying the borrowing process on Bitbond.

By choosing EUR as the base currency, borrowers can eliminate the small currency risk which could exist with USD denominated loans.

Back in March, the company partnered with BitPesa enabling wider access to loans for SMEs in African nations. The company also hit a milestone back in February, breaking a monthly record with over $100,000 in loan volume.

Source:BitBond