Hello all,
My name is Kiril Gantchev, I'm the CEO of
BitLendingClub. We've been trying to see what we can do to help the community and we've heard you loud and clear! The big ticket issue here is collateral, so we'd like to be the go-to platform to manage collateral for lending purposes. Currently we don't have an automated way to hold collateral, but we're building out an early version of the escrow service as we speak and we should have it up and running in about 4 weeks.
In the meantime, we can still provide
free escrow service over-the-counter, if you will. If anybody is interested in using us as an escrow holder, we'll be more than happy to do that for you. Please feel free to post your request here or to PM me.
The type of collateral we accept:
1. Altcoins: you name it, we hold it (litecoin, namecoin, primecoin, etc).
2. Digital securities: cex.io, cryptostocks.com, etc.
3. Digital property- domain names, twitter accounts, etc.
4. Financial securities: stocks, bonds, options, futures, etc. anything that can be transferred via one of the standard brokerages (Etrade, Scottrade, etc).
5. Gift cards- Gyft (gyft.com), Amazon, Target, Walmart, etc. (only if they can't be redeemed after transferring).
The benefit of using us as an escrow service is that you only have to trust us, which reduces your risk exposure overall. We are a registered company in the state of Illinois and we can provide you with an escrow contact which you can rely on in case of a dispute. Furthermore, while we're building out our new escrow solution, borrowers who have posted escrow will just have to submit their loan requests in our website with the following words in the title: [SECURED] or [COLLATERAL]. In order to ensure that no fraud occurs, I will comment on each loan which actually does have collateral on escrow with us. False advertisement of collateral/secured loans will be removed and the borrower will face disciplinary action from our end. Note that borrowers will still have to pass our verification process for now.
Please feel free to PM me for more details or to ask questions here. I'm happy to hear your advice and suggestions.
Please let me know how we can be of service to you!Best Regards,
Kiril Gantchev
CEO of BitLendingClub
www.bitlendingclub.com
