Categories: News

Bitcoin Companies Crash Hottest Fintech Startup List

Two bitcoin companies have made the Fox Business list of the thirty hottest fintech startups, highlighting the growing acceptance of bitcoin in mainstream financial markets.
BTCjam is a pioneering bitcoin peer-to-peer lending company that is aimed at serving the needs of borrowers in the developing country who are unable to borrow from traditional lenders without running afoul of predatory lending practices, and which do not have a national credit scoring system similar to that in the US.

BTCjam functions as an online marketplace that matches bitcoin holders with those seeking secure loans. Lenders can earn interest of as much as 19.3 percent on the loans they provide. As of end-2014, BTCjam has already facilitated some $10 billion in bitcoin loans and has over 100,000 users from all over the world.

It has also developed an online credit scoring system that allows borrowers to build a credit profile that would qualify them for loans. Borrowers can improve their scores by ensuring that their personal information as well as their social accounts are verified and through credit activity on the site.

Related Post

Epiphyte is a provider of software solutions that allow traditional financial services companies to integrate their systems with cryptofinancial networks. The company was one of the winners of the Innotribe Startup Challenge, which was held on October 2014, and took home a $50,000 prize.

The Epiphyte software allows companies to convert local currencies to bitcoin, make secure international transfers and then cashes the bitcoin out in the currency of the receiving country. The transfers are made for a fraction of what traditional money transfer companies charge, using bitcoin exchanges such as BitPay and Coinbase, which shoulder the currency risk. In addition, the integration is made using SWIFT and other traditional protocols. The company is set to roll out a pilot implementation of the software in 2015.

If you liked this article follow us on twitter @themerklenews and don’t forget to subscribe to our newsletter!

Mark Arguinbaev

I'm a 28 year old cryptocurrency entrepreneur. I was introduced to Bitcoin in 2013 and have been involved with it ever since. Fun Fact: I mined cryptocurrency using my college dorm room's free electricity.

Share
Published by
Mark Arguinbaev

Recent Posts

123 Swap Announces the Launch of a Strategic Partnership With Avalanche With New Addition to Its Cross Chain

123Swap today announced the integration of its unique decentralized, non-custodial cross-chain architecture into Avalanche (AVAX).…

7 hours ago

Top 13 Metaverse Tokens With The Highest Price Gains Today

With Metaverse being all the hype in crypto, there are plenty of projects that are…

13 hours ago

Connecting AI with a strong Play2Earn game on Blockchain

How dotmoovs is making you compete against others in the real world by using your…

14 hours ago

XYO Price Up 28% After Crypto.com Announces Exclusive Campaign

XYO price is up 28% today, making it the biggest gainer on Crypto.com. With a…

15 hours ago

Loopring Price Up 26% After Vitalik’s Blog Post Mentions LRC

Loopring price is up over 26% today, making it the second biggest gainer on Crypto.com.…

17 hours ago

Liquid Craft NFTs: The Dragons & Bourbon Series

Liquid Craft - aiming to implement a new concept for blockchain technology and the traditional…

18 hours ago

This website uses cookies.