Could the credit card industry get disrupted by your mobile phone and some Bitcoins?
Credible Friends launches their funding round for their peer to peer lending App to our qualifying investors. Uber allows anyone with a car to play taxi, Credible Friends lets anyone with a smartphone to become a credit card company. Their mobile wallet App allows anyone in the world to operate like a bank and issue lines of credit to their friends and family within seconds.
If you’re at the gas station and you realize you’re short on cash, you don’t grab your phone and open the LendingClub app, this is because their loan applications takes up to 7 days to process and they don’t have an app or credit card.
Let’s say your buddy wants to spot you $50 to cover dinner, you can’t exactly go to Prosper or Zopa for help.
Simply put, currently there are no peer to peer lending services that help facilitate everyday spending.
This is where Credible Friends come in. Their App aims to have an impact on such service and qualifying investors can check our their pitch here.
- The Credible Friends multisig wallet App (Android & iOS) enables peer-to-peer lending with Bitcoin in seconds. You can add your friends, drag a slider to set their credit limit, and you’re done.
- Users will be able to get a Visa card for everyday spending, making Credible Friends the world’s first p2p credit card. Borrowers can also spend Bitcoin with the app.
- The App aims to be a solution for the billions of people without a credit score. In India only 3% of people have a credit card, but survey shows 32% of people borrow from friends and family.
- They have strategic partnerships with Bitcoin dot com and BraveNewCoin to promote the App, investment from Bitcoin Capital should it reach it’s minimum funding goal and the App is founded by a known Bitcoin podcaster.
Qualifying investors can check out full details here.
In The News
Our CEO, Simon Dixon, recently recorded a video update after his the Keynote 2016 Blockchain conference in Dubai just before his speech at the BlockFin 2016 event in Vietnam, where he revealed the three components of investing in the BnkToTheFuture funding round.
You can watch the video update here:
Other BnkToTheFuture News
Bitspark is the world’s first cash-in, cash-out Blockchain remittance platform for Money Transfer Shops in South East Asia. The platform allows users to send, receive and manage payments quicker, cheaper and without the need of any tech knowledge. Check out the pitch here.
We Are Over 90% Subscribed Now:
Our funding round launched with a big bang and is drawing to a close soon. The funding round is offering investors the opportunity to own equity in our company, exposure to every company that lists on our platform and a daily Bitcoin dividends bonus. The Bitcoin value has doubled over the last few months alone, you can check if the round is still open on the following link.
Congratulations To Bitso:
BitSo, the largest Bitcoin exchange and remittance company in Mexico launched their pitch to qualifying investors on BnkToTheFuture and closed the round after having raised $2,061,737.
Look out for our new blog and homepage design – coming soon, so we can keep you posted with our latest updates and news.
We have now paid our BF Professional Investor Members over 390,000 dividends and over $1,250,000 has been returned through our dividend paying funds.
We are delighted to have over 19,600 (and counting) real active registered Professional Investor Members on our Online Investment Platform who are waiting for more Financial & Technological Innovation investment opportunities to invest in. First time qualifying investors are able to receive a complimentary investment on us. Click here to find an opportunity you like.
If you are involved in Financial & Technological Innovation, then we would love to receive your application and explore if you can raise investment with us. 78% of companies that have listed on our platform so far have raised at least their minimum funding goal. You can see our live pitch statistics and success rates when you scroll down at the end of our home page. Once you have checked them out, make a quick application for finance here and we will follow up.