• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Invest BTCTry
  • Join STC ICOBuy
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Invest BTCTry
  • Join STC ICOBuy
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo

BitLendingClub beats BTCJam in Bitcoin loans volume!

NewsBTC by NewsBTC
6 years ago
in Uncategorized
Reading Time: 2min read
greeks secure loans through bitcoin exchanges
Advertisement

Online bitcoin loans marketplace BitLendingClub has announced via a blog post that it has officially become the world’s biggest bitcoin lending marketplace by servicing more than $430,000 worth of loans in June. With this, the company defeated its closest competitor BTCJam which served $415,000 for the same time period.

However, the success didn’t come to the company overnight, and they had been working hard for the past several months. The blog post reiterates company’s commitment to improve in various areas namely,

  1. Loss Rates – The Company focused on bringing down the loss rates and since March 2015, it has reduced it by more than 50%.
  2. Loan Voting – Since users vote up for the best loans, the best ones come to the front-page and attract more lenders.
  3. User Referrals – The new referral program launched by BitLendingClub was a huge success. User referrals brought in 30% of the new customers, which contributed to 40% of new user loan volume in June. Statistically speaking, each referrer brought in 4 new users for BLC.

Association with Boost VC benefited BLC

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

BLC recognizes that its association with startup accelerator Boost VC has helped them in more ways than one. The team now focuses on one task at a time instead of dissipating energy into different projects. They also listen more carefully to customers’ feedback and always ensure that customers receive the best service that they rightfully deserve.

Future Growth

The bitcoin loans company sees “a massive opportunity in bringing affordable lending to the countries where the banking system is failing them.” With crises now emerging in Eurozone and South America, the company may make inroads into these regions as well. For a nation such as Greece, which is running out of cash and faces an uncertain future, affordable loans could provide temporary comfort.

Tags: bitcoinBitcoin loansBitLendingClubBTCjamNews
TweetShare
Nexo Logo
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
NewsBTC

NewsBTC

Related Posts

Ripple (XRP)

Key XRP Technical Indicator Disagrees With Parabolic Price Rally

47 mins ago
Bitcoin Tops Q1 Results With +103% Gains as Gold Brings up The Rear

Bitcoin Tops Q1 Results With +103% Gains as Gold Brings up The Rear

2 hours ago
Ethereum

TA: Ethereum Consolidates Gains, Here’s What Could Spark A Fresh Rally

8 hours ago
Bitcoin

Bitcoin Prepares For its Next Move: Where is the 100 SMA, the Key BTC Level?

10 hours ago
By The Numbers: The Rate Bitcoin Must Climb To Reach $100K By July

By The Numbers: The Rate Bitcoin Must Climb To Reach $100K By July

13 hours ago
Binance BNB BNBUSDT

Binance offers Tesla stock token, could Coinbase (COIN) follow?

17 hours ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
Bybit

Bybit

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Top ICOs

Student Coin

Student Coin

Review · Visit

Token sale

Holdefi

Holdefi

Review · Visit

Press Releases

Regtank Shortlisted As Finalist for Asia Fintech Awards 2021

April 13, 2021

EtherLite – Upcoming Ethereum Hard Fork to Launch One-Click Migration Tool for dApps

April 13, 2021

Mochi.Market Finalizes Seed Round, Preps for IDO Fair Launch for Its Multi-Chain NFT Decentralized Exchange Protocol

April 13, 2021

Newsletter Signup


ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Invest BTC
  • Join STC ICO

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.