German bank will use Bitcoins for international loans
The Bitbond proposal not only includes cryptocurrencies, it also implements artificial intelligence to qualify borrowers
According to Reuters, the German digital bank Bitbond, which makes loans to small and medium-sized companies through Bitcoins, announced that it will carry out international transactions in the same way.
The entity will use the Bitcoin only to transfer the credit funds quickly, because this is not the currency in which the loans will be made; and they don’t want to “commit the amount of the credits to the volatility of BTC”.
This means that they will use Bitcoin as a method of transferring credit in fiat currency; a business scheme that was approved by the banking authority of Germany, and that works since 2013.
The Bitbond proposal not only includes cryptocurrencies, it also implements artificial intelligence to qualify borrowers, seeking to avoid being covered by conventional credit agencies.
N. Moncada
Source: Criptonoticias
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