BTCJam began with one mission: To provide people around the world with access to fair credit.
From 2012 to 2016 we have serviced more than 20,600 loans in 122 countries, totaling more than 64,000 Bitcoin loaned. We have helped thousands of people around the world and are proud that we changed lives for the better.
We firmly believe that programmatic money and cryptocurrencies are here to stay and that there is still room for innovation in this space. That said, we have made the difficult decision to close BTCJam. The regulatory challenges around Bitcoin and the difficulties we faced in introducing Bitcoin technology to poor communities around the world are simply beyond our capacity.
No new loans can be made from today onward, and if you have any Bitcoin stored with us, you have until July 1, 2018 to withdraw it.
All borrowers with active loans can keep repaying them normally. The repayment functionality will remain available until all the loans have reached their term and either been fully repaid or have defaulted. After that, the website will be reduced to a simpler version that will only allow the withdrawal of a remaining balance.
We extend sincere thanks to all our lenders, borrowers, collaborators, investors, and everyone who believed in our dream of working together to provide access to fair credit without borders. It’s a mission we still believe in.