Bitcoin marketplace Current Bitcoin price: €2,430.07 -- seconds EUR EUR 1,112 BTC Buy Number of Bitcoins Purchase price (max.)Volume --- EUR (Reset) Amount (min.)Price/BTC Volume Buy wird geladen Sell Number of Bitcoins Sales price (min.)Price/BTC Volume Sell wird geladen Just a moment please.Choose between two layouts: Mobile Version Desktop Version You can switch the layout at any time by clicking the corresponding icon at the end of the website.BitLendingClub, a peer-to-peer (P2P) bitcoin lending marketplace, has released its latest figures.The startup has nearly reached US$430,000 in monthly loan volume, beating out competitor BTCJam.“We’ve been working hard for the last few months [to] become the leading platform, so this was a huge milestone for our team and our customers,”Kiril Gantchev, co-founder and CEO of Kiril Gantchev, co-founder and CEO of BitLendingClub, wrote in a blog post.According to him, BitLendingClub’s success is due to the startup’s primarily focus on lowering loss rates, a strategy that has led Lending Club to become successful.“Neither Lending Club, nor any of its competitors became successful because they were able to collect on defaults,” Gantchev argued.

“On the contrary, they became successful, because they were able to prevent defaults.Over 90% of the applicants that request a loan on Lending Club are actually rejected.”This prime concern pushed the BitLendingClub team to make improvements in the area, which has led to the lowering of its loss rate by more than 50%.Today, the default rate amounts at around 8%, according to the company’s statistics, a level that took Lending Club nearly 3 years to reach.In its two years of existence, the startup has processed over 6.500 bitcoin loans.It took Lending Club almost 3 years to reach that same level.According to Gantchev, his company’s success is the proof that P2P bitcoin lending “can be as big, if not even bigger, than the fiat-based P2P lending,” he told CoinJournal.He explained:“P2P lending is one of the biggest fintech innovations of the last 7-8 years.Banks have, rightly, seen a tremendous amount of distrust and lack of loyalty from their customers.In addition, banks have failed to service huge sections of the population, which has allowed many fintech companies to fill the gap.“Bitcoin steps in where fiat can’t and allows financial technology innovation to reach a lot more people across the globe.“Users […] come to our platform in order to get a loan, and bitcoin makes it extremely easy to put money in their hands “As a matter of fact, BitLendingClub currently serves users from over 70 different countries, while leading market players such as LendingClub, Prosper, UpStart, OnDeck, and Kabbage, are all based in the US and are largely restricted to this market.“This is what makes our platform so successful: we’re democratizing financial innovation in a way that is only possible, thanks to bitcoin,” Gantchev said.On an investor perspective, bitcoin-based loans are a great opportunity for those who are looking to diversify their portfolio and “tap into a market with higher returns.”“This tier of investment products has typically been restricted to institutional and retail lenders where P2P lending marketplaces are available: US, UK, Australia, etc,” Gantchev said.

“In many cases, there is quite a bit of discrepancy between what is the fair market interest rate for loans in, say, Argentina versus the UK.”This disparity provides an opportunity for investors with a higher appetite for risk, while giving access to others from countries where these loan products aren’t available, to participate by joining the platform.Coinjournal reached out to BTCJam for comments but did not receive a response at the time of publication.Image credit: peer-to-peer lending, AstonShow; Kiril Gantchev, LinkedIn.bitcoin naar de beursBitcoin surged past $1,700 on Tuesday, extending an astonishing rally that has seen the total market value of all virtual currencies more than double since the beginning of 2017.bitcoin atm texasThe price of a single bitcoin BTCUSD, +0.33% has gained more than $300 in the past week, to trade as high as $1,747 on Tuesday, according to the CoinDesk Bitcoin Price Index, which aggregates pricing across a handful of the largest exchanges.bitcoin mining romana

Meanwhile, daily trading volume has surpassed $1.3 billion for the first time, according to Coin Market Cap.However, prices varied widely between exchanges.On Kraken, one of the biggest U.S.-based exchanges, one bitcoin recently went for $1,578, while simultaneously trading at $1,742 on GDAX, another popular U.S.-based digital-currency exchange.Price discrepancies were even wider across different markets, with coins trading on Korean exchanges like Korbit and Coinone in excess of $2,000, valued in Korean won USDKRW, -0.39% Spencer Bogart, head of research at Blockchain Capital, said the Securities and Exchange Commission’s decision to revisit its rejection of the proposed Winklevoss Bitcoin Trust exchange-traded fund was one possible catalyst for bitcoin’s recent rally.ios bitcoin wallet reviewBut he said the massive appreciation in smaller rivals like Litecoin and Ripple has probably contributed to the bulk of bitcoin’s move: Many of these coins are denominated in bitcoin, so investors who wish to buy them must first have it on hand.bitcoin calculator advanced

The virtual-currency market has all the trappings of a bubble, Bogart said, though he thinks it could have more room to rise before a correction occurs.A correction is typically defined as a decline in an asset from a recent peak of at least 10%.“It’s definitely unsustainable,” Bogart said, “though I don’t know if it’s in its final moments right now.” Chris Dannen, founder of New York-based cryptoasset fund Iterative Instinct, said the massive wealth creation in the space has fostered a pattern where wealth shuttles back and forth between bitcoin and other alt-coins, or alternative cryptocurrencies.ethereum free courseThough Dannen added that he suspects at least some of the recent run-up could be the result of manipulation by a handful of “whales”—wealthy traders with large reservoirs of cryptocurrency wealth, who use their relative heft in the marketplace to move prices to their advantage.make bitcoin donate button