BTCJam now supports loans in BTC, USD, Brazilian Real (BRL), Mexican Peso (MXN), Indian Rupee (INR), Russian Ruble (RUB), and Euro (EUR)
Today we are proud to announce five new currency options on BTCJam. In addition to US Dollar linked loans (and of course Bitcoin), BTCJam is now offering loans in denominated in:
- Brazilian Real (BRL)
- Mexican Pesos (MXN)
- Russian Rubles (RUB)
- Indian Rupees (INR)
- Euros (EUR)
The addition of local currencies simplifies the loan process for borrowers, allowing them to match the loan with their income.
Investors also benefit from having loans denominated in other currencies, allowing them to diversify their investments globally. For example, investors can offset losses from local economic crises by funding loans in foreign currencies. Investors are also able to reduce the beta of their portfolios, adjusting portfolio volatility against local economic crises.
Funding your loan in your local currency makes borrowing on BTCJam easier than ever before.
It is important to mention that investors must understand that they are exposed to exchange rate fluctuations versus their own currency. Meaning that if the borrower’s currency devalues, that devaluing may negatively impact the loan’s return. Of course, the opposite is also true: if the foreign currency gains value against the investor’s local currency, then the loan would get an exceptional return.
We’ve been working on this for a while now, and we’re excited to bring you the option of using these currencies on BTCJam. As you know, our team is always working on new ways to improve our user experience. Do you have an idea on how BTCJam can get better? Send it to us at firstname.lastname@example.org!
Until Next Time… Keep on Jamming!
If you need money, borrow bitcoins on BTCJam! If you want high returns, invest on BTCJam!