German Bank Allows Users To Transfer Loans Anywhere In The World Using Bitcoin

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ZenInformer
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German Bank Allows Users To Transfer Loans Anywhere In The World Using Bitcoin

Post by ZenInformer » Sun May 13, 2018 2:55 pm

Albrecht's Bitbond uses Bitcoin and other cryptocurrencies to completely bypass the Swift international transfer system which has a monopoly and ultimate veto power on who is in - and isn't - in the global petrodollar club, to lend money across the globe rapidly and at low cost.

“Traditional money transfers are relatively costly due to currency exchange fees, and can take up to a few days,” Albrecht told Reuters TV in his office in Berlin’s fashionable neighborhood Prenzlauer Berg. “With Bitbond, payments work independently of where customers are. Via internet it is very, very quick and the fees are low.”

But what about the risk of intermediary price fluctuations?

That, too, has been factored in as clients hold the loans in their choice cryptocurrency for only for seconds or minutes until they are exchanged back into the currency of the country where they wish to receive the funds, avoiding the crypto currencies fluctuating exchange rates.
https://www.zerohedge.com/news/2018-05- ... ng-bitcoin



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Grand_Master
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Re: German Bank Allows Users To Transfer Loans Anywhere In The World Using Bitcoin

Post by Grand_Master » Sun May 13, 2018 3:25 pm

Its a good start. bitcoin really needs to hit mass adoption soon for the price volatility to slow down considerably.


Ephesians 6:12 King James Version (KJV)
~For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.

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