BITBOND : SMEs LOAN

Small and medium scale businesses have been the backbone of most economies. These SMEs numbering over a hundred million have been able to boost positive growth in the economy and at large extent improving the standard of living of citizens in that particular economy. These businesses really have hard time trying to get access to funds needed to improve and grow their businesses. Going with the recent report from the world bank, there is a deficit of 2 trillion dollars fund for SMEs. These SMEs looks to be strangled and struggling for growth in the economy. But there is goodnews - there is a disruption in the global credit industry, a German based company by name BITBOND is building the first crypto based lending platform for SMEs operating worldwide
BITBOND
With over 13 million euros worth of loans funded in over 80 countries, bitbond is a German based platform founded in 2013 with the aim of helping small business owners grow their business. Bitbond is a decentralised marketplace where borrowers and lenders meet for loan applications.
Bitbond showcases small businesses to willing investors who funds the business and get interests in return.
BENEFITS OF BITBOND
1. LESSER FEES: transaction fees on the blockchain are relatively lesser than the traditional method, bitbond is leveraging on this to provide a lesser fee program for intending users.
2. TRANSPARENT: as a platform built on the blockchain requiring a smart contract protocol, all dealings are visible on the public ledger and are trustless
3. INVESTORS FUND BUSINESSES : Funds are sent by investors from around the world, not from a central account
4. PEER TO PEER: Bitbond serves as a marketplace where borrowers and lenders meet. Bitbond helps in linking investors with business owners
BITBOND TOKEN
The bitbond platform is powered by a security token - the bitbond token. Bitbond token will be the first German security token and will be built on the stellar blockchain. Stellar was chosen because of its capacity to carry out over 1000 tps and have been proven to be the most efficient in processing payments and issuing of tokens.
The bitbond token will also be tradeable on the decentralised exchange of stellar blockchain upon the end of token issuance.

Bitbond token is currently running an ICO and can be bought in the bitbond website.

IN CONCLUSION
Bitbond is trying to help small business owners grow their businesses using the blockchain innovations. A peer to peer marketplace where investors meet with business owners in a decentralised manner is a welcomed innovation in crypto space.
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