BTCjam partners with Volabit to bring bitcoin loans to Mexico

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Hola Jammers! We’ve got great news this morning… BTCjam is partnering with the leading Mexican Bitcoin exchange Volabit to bring our users from Mexico a superior Bitcoin experience.  Volabit users can now transfer funds and activate automatic payments all from BTCjam.com!  Lending bitcoin and gaining returns has never been easier, and Volabit users can now transfer their bitcoins to BTCjam without ever leaving the site. Together Volabit and BTCjam make borrowing and investing bitcoin in Mexico simple!

  • You can withdraw bitcoin seamlessly from Volabit without leaving BTCjam
  • Your automatic payments can withdraw from your Volabit wallet to make a payment
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BTCjam and Volabit have partnered to make borrowing bitcoin in Mexico easier than ever.

BTCjam CEO Celso Pitta said, “I’m thrilled about our Volabit partnership.  Volabit integration will make BTCjam much easier to use for our customers in Mexico.”  Hannah Kim, Co-Founder of Volabit agrees, saying “BTCjam is one of the most exciting companies in Bitcoin and we’re delighted for how our new partnership makes bitcoin borrowing and lending easier for our customers.”

“Volabit integration will make BTCjam much easier to use for our customers in Mexico.” – BTCjam CEO, Celso Pitta

Get detailed instructions on how to connect your Volabit Wallet to BTCjam on the BTCjam Blog!  Once you have connected your Volabit wallet, you can easily transfer bitcoin to BTCjam and make automatic payments on your loan.  It’s just that easy.

Attention Bitcoin Wallet providers, we are looking to integrate additional wallets! Please contact us at partner@btcjam.com if you would like to partner with BTCjam.

About BTCjam BTCjam is the global leader in peer-to-peer lending using Bitcoin, and the first to offer a proprietary credit score to its users.  BTCjam’s disruptive credit model is changing the way borrowers and investors connect, providing a new path to financial freedom for users from more than 200 countries around the world. BTCjam promotes lending without borders, where people can borrow and lend bitcoins, without having to worry about banks and other intermediaries. Transactions are instantaneous, hassle free, and supported by an engaged, trusting global community.

About Volabit Volabit is the fastest and safest way to buy and sell Bitcoin in Mexico.  Founded in 2014, Volabit has more than 4,000 users and they have converted more than 24,000,000 pesos into Bitcoin. Volabit received venture funding from the Bitcoin Opportunity Corp and has been described as the “Coinbase of Mexico”. Check out Volabit at https://www.volabit.com

BTCJam Partners with ANXPRO

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At BTCJam we are always keeping an eye out for other companies that can complement our services and will improve the experience for our users.

Today, we are excited to announce a new partnership with one of the world’s top Bitcoin exchanges, ANXPRO!

ANXPRO is the only exchange that supports all 10 major currencies – you can conveniently fund your account via SEPA, international wire transfers, local banking, or in-store cash and ATM deposits with same day processing.

To celebrate this new partnership, ANXPRO has an exclusive offer for BTCJam members:

No trading fees in the first month if you sign up by September 19th, and you must verify your account within 30 days. (Trading fees of the first month will be rebated back to your account on October 31st.)

If you are looking to buy or sell bitcoins, we highly recommend for you to check out ANXPRO.

BTCJam Hires New Chief Product Officer

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We are happy to announce that Gustavo Guida is joining BTCJam as Chief Product Officer. Gustavo is a seasoned entrepreneur with over 15 years of experience running marketplaces.

In 1999, months after graduating in Economics, Gustavo co-founded Bondfaro, a price comparison company in Brazil where he worked as CPO. In 2006 the company merged with Buscape, creating one of the largest e-commerce players in Latina America. Gustavo was Buscape’s Product Senior Vice-President and managed Customer Service and the Product pipeline for the company that had back then over 10 million monthly unique visitors and was servicing millions of dollars in transactions per month. With offices in Rio de Janeiro, São Paulo, Mexico City and Buenos Aires, the company was finally sold to Naspers in 2009.

After working briefly at Naspers and investing in a few start-ups, Gustavo co-founded the medical booking platform HelpSaude.com. The company recently merged with NetCom, turning the resulting company the absolute leader in medical bookings in Brazil. Gustavo moved to the Board of Directors and is still a shareholder and a believer of the company.

At BTCJam, as CPO, Gustavo will be mainly responsible for Product Design and Customer Service. He will work remotely from Rio de Janeiro and will move to San Francisco soon to work at our SOMA office.

“Since my first contact with BTCJam, I became fascinated with its business model. By using bitcoin protocol, BTCJam can connect investors and borrowers from all over the world. The result is the empowerment of borrowers to fulfill their needs while at the same time, providing excellent returns for investors. I am very excited to join BTCJam and help the company to revolutionize finance on a global scale!” – Gustavo.

By the way, we are hiring! Take a look at the opening positions we have.

What Bitcoin Means For Peer-to-Peer Lending

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Endophytic fungi are primarily an altruistic fungi that partner with many plants–from grasses to trees. Their mycelia, the vegetative part of fungi that look like a network of threads and are vital to both aquatic and terrestrial ecosystems for their role of decomposition, weave through plant’s cell walls but do not enter. The mycelia enhances the plant’s growth and ability to absorb nutrients, while starving off parasites, infections, and predation from insects, other fungi, and herbivores.

In this same way, Bitcoin, an autonomous, decentralized payment system, entwines and connects people from around the world while improving the mode of transaction in an efficient and fast way despite where the sender and receiver are located. At the same time, it renders traditional modes of transacting as antiquated and unfit for the modern world. Bitcoin protects from ill-intended third-parties and negligent intermediaries; you can store your Bitcoins so only you have access, take an unlimited amount across borders, and send/receive with anyone anywhere around the world.

Bitcoin has weaved itself through many different industries, a profusion of people, and has fostered not only a sense of community, but also, a growing force of change and equality amongst its’ users.

When Bitcoin is incorporated with peer-to-peer lending, it accentuates and globalizes all of the benefits that lending and borrowing on a peer-to-peer network has to offer. That is customizable terms, easy application, lower interest rates, and faster funding rates for borrowers. Investors can spread risk, receive higher returns, and have the power to choose who they want to invest in.

Like how endophytic fungi on cocao tree leaves decrease leaf necrosis and mortality by a threefold, users on a P2P lending platform powered by Bitcoin will inherently be immune to the aches and pains that are structural of the orthdox payment and lending systems of today.

Typical payday loan providers charge $17.50 for every $100 your borrow, with late fees of the same rate for every full term period you are overdue, you could quickly find yourself in debt. (1) BTCJam, the first peer-to-peer lending platform using Bitcoin, allows borrowers to set their own interest rates that cater to them. Investors will then review the loans and decide if they want to invest or not.

The speed of funding on BTCJam is at an average of 6 days. This is due to the network of lenders based around the world using the decentralized, peer-to-peer cryptocurrency! The archetypal structure this follows resembles that of mycelia, the web-like Internet, neurological arrays in the mammalian brain, and so on. The advantage of P2P Bitcoin lending platforms is an inevtiable consequence of previously proven evolutionary models.

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The Milky Way also follows this archetype.

image– Alexis Aiono

Peer-to-Peer Lending Will Change Developing Countries

Scenario: You are a middle-aged labor worker in Sao Paulo, Brazil making minimum wage which is about $310 a month. Your wife has just given birth to your second child meanwhile living expenses have been depleted and you are in debt with one of your two credit cards from paying for medical operation and basic needs. You are faced with paying almost 200% APR on this debt, and your loan application to banks have been denied because of your negative credit rating.

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Unfortunately this is common situation in many developing countries. Hard-working individuals are financially trapped, tricked into accumulating more debt by payday loan providers, and they rarely triumph over these barriers, which prevent them from living a stable life.

People in Developing Countries need of solution that will:

  • Provide reasonable, equal opportunity interest rates
  • Have an easy application
  • Use a payment protocol that can transcend borders
  • Be transparent and efficient
  • Empower the individual

This is what peer-to-peer to lending powered by Bitcoin does.

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Taking out a loan on BTCJam is as easy as a few clicks; simply submit your identity documents to prove you are a real person. When creating a loan, you are given a suggested interest rate determined by the credit scoring algorithm; however, you may choose whichever rate works best for you. This effective and labor-saving process permits anyone to get a loan from the comfort of their own home regardless of origin, financial history, and state determined credit rating. Anyone with internet access has the opportunity to get a loan without going through unnecessary intermediaries.

With peer-to-peer lending using Bitcoin, entrepreneurs from developing countries are able to take out loans that they would not otherwise have access to and put the funds towards their ventures. For example, Gaston Azzollini, an Argentine borrower on BTCJam’s platform, has taken out a series of loans to put towards his various businesses in Villa Carlos Paz, Argentina. One of them is the restaurant Lo De Elvio where all BTCJammers are welcome to dine at a discounted rate.

Economies of local communities are being funded on a macro-level because of Bitcoin. BTCJam’s peer-to-peer lending platform is helping to strengthen the economies of developing countries while providing 24/7 nondiscriminatory access for consumer loans.

Plant your seed of Bitcoin today.

Photos of Gaston and his restraunt Lo De Elvio in Villa Carlos Paz, Argentina

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