Happy Cinco de Mayo from BTCjam!

CincoDeMayo

We at BTCjam have a lot to celebrate this Cinco de Mayo.  Just a few weeks ago, we announced our partnership with Volabit and we are now the easiest way to borrow bitcoin in Mexico.  Just link your Volabit wallet to BTCjam and you’re ready to begin borrowing or lending bitcoins with BTCjam.  That’s it!  It’s just that easy.

volabitWe’re also celebrating with a Cinco de Mayo fiesta here at BTCjam HQ.  We’ve got tacos, burritos, chips and salsa and of course what Cinco de Mayo celebration would be complete without enchiladas.  We’ve had a few of them too.

Celebrate Cinco de Mayo your way!  Tell us how you celebrate in the comments.  And remember, if you need a bitcoin loan, borrow on BTCjam!  If you want to invest, invest on BTCjam!

Volabit y BTCJam permiten inversión en micropréstamos con bitcoin en México

Volabit y BTCJam permiten inversión en micropréstamos bitcoin2

(OroyFinanzas.com) – Las startups Bitcoin BTCJam y Volabit, brasileña y mexicana respectivamente, se alían para permitir que usuarios mexicanos puedan invertir con bitcoin a través de una plataforma de micropréstamos para la financiación de proyectos internacionales.  Read More…

Five New Currencies added to BTCJam

New Local Currencies Added

BTCJam now supports loans in BTC, USD, Brazilian Real (BRL), Mexican Peso (MXN), Indian Rupee (INR), Russian Ruble (RUB), and Euro (EUR)

 

Howdy Jammers!

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:

  • brazil Brazilian Real (BRL)
  • mex Mexican Pesos (MXN)
  • Russian_Federation Russian Rubles (RUB)
  • india Indian Rupees (INR)
  • euflag 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 support@btcjam.com!

Until Next Time… Keep on Jamming!

If you need money, borrow bitcoins on BTCJam!  If you want high returns, invest on BTCJam!