Bitcoin Business Lending Platform Announced By LQD Business FinanceFebruary 22, 2021
Tech-enabled alternative lender LQD Business Finance has announced the development of the world’s first Bitcoin business lending platform.
Founded in 2015, LQD Business Finance provides dynamic financing solutions to the lower middle market. The company delivers structured, flexible, and transparent financing options of up to $10M in 30 days or less. Its transformative approach to lending offers custom-tailored solutions that are specific to the needs and goals of each customer with a focus on efficiency and long-term development.
According to the company, its business lending platform will be the first to use Bitcoin as a lending currency. LQD Business Finance’s platform will achieve this goal in two key ways. First, the company will build upon the Provenance blockchain to make the process of documenting and packaging loans more efficient. Second, the company’s platform will lend in Bitcoin.
“Bringing increased efficiency and accuracy to commercial lending at the core of LQD’s DNA. Adding a blockchain to our existing tech-stack enables us to better achieve that goal,” said LQD CEO George Souri. “Major players are now starting to see Bitcoin as a usable currency, and we see this trend continuing. LQD’s platform will allow investors and business borrowers to benefit from this trend by creating a market in which private debt demand and Bitcoin holders can efficiently transact.”
Souri added that while LQD is involved in lending, what they really are is an inventions company looking to bring greater efficiency and accuracy to private debt markets.
“We see ourselves as the Amazon of private debt. So, our move to innovate in crypto-debt is a natural continuation of our core mission,” said Souri.
Source: Read Full Article