How Greeks Can Get a Loan Today

Despite banks being shut down.

woman looking for money

With Greece being on the brink of leaving the Eurozone more than ever since their financial crisis started in 2008, banks have literally closed their doors in order to prevent a collapse.

Tough limits on withdrawals from ATMs are enforced and capital controls will be in place until at least July 7th after the Greek citizens’ vote to remain in the European Union and accept the high level of austerity measures. Amid all these economic short-fallings, the Greeks are flocking towards Bitcoin.

CNN reports:

“Ten times as many Greeks are registering to trade bitcoins on the German marketplace Bitcoin.de than usual, according to CEO Oliver Flaskaemper. Bitcoin trades from Greece have shot up 79% from their ten-week average on Bitstamp, the world’s third-largest exchange.”

The banks are clearly not doing much lending either, and with the press in a frenzy over the politician’s take on Greece’s imminent default, we are not hearing about the struggle faced by the 11 million citizens. The 11 million that will be voting for themselves to stay in the EU or not. The Greek citizens who are shrouded with uncertainty and waiting in the ATM lines that are to the street to get cash to pay for their bills, food, and childcare.

Harnessing bitcoin as a tool for international credit, BTCjam, a global lending network, can service a loan for a Greek today using a proven, and unique credit model.

The process is simple.

Enroll in 5 Minutes.  Apply for a loan.  Get your loan.

If you want to convert your bitcoin to local currency, you can send your bitcoin directly to an exchange for local currency.  To payback the loan, you send local currency to your exchange account and then send the bitcoin to your BTCjam account.

Get your loan today.

Or, grow your coins and get returns up to 19% APR.

Milestone: One Million in Loans Serviced On BTCJam in June Alone

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BTCJam is proud to announce that we have hit a milestone of one million dollars (bitcoin equivalent) in loans serviced in the month of June alone! On top of that, we now have over 4,000 loans repaid since November 2012.

It has been an honor to pioneer global peer-to-peer lending powered by bitcoin. From doing experiments with anonymous loans to where we are at today, we are eternally grateful to our supporters and members. It is incredibly humbling to see many businesses get their initial liquidity on BTCJam, watch others fund their projects from America to Argentina to the Philippines, and have people use BTCJam as means of consolidating their fiat debt.

At BTCJam, we have unwavering dedication to provide the optimal platform for our members. We want users to be able to borrow at reasonable rates that they choose while still enabling investors receive healthy returns. We thank all of the investors that have supplied the liquidity that funded over $1,000,000 (bitcoin equivalent) in loans, and thank you to all the borrowers who have repaid over 4,000 loans!

Grow your bitcoins on BTCJam!

– The BTCJam Team