German online Bank Bitbond has begun offering its customers the opportunity to transfer credits to any part of the world using bitcoin.

Using the capabilities of cryptocurrency, Bitbond, in fact, can bypass the international banking SWIFT transfers and grant money for its clients almost instantly and at a low price, writes

The founder of Bitbond, Radoslav Albrecht explained the reason why he founded Bitbond:

“Traditional remittances are relatively expensive because of the fees for currency exchange and can take even several days. With Bitbond payments work no matter where the customer is located. The Internet is very, very fast and fees are low”.

The office of Albrecht in the trendy Berlin district of Prenzlauer Berg, currently employs 24 people from 12 countries, and together the team manages a loans for 100 clients up to $ 1 million monthly.

According to Albrecht, the majority of clients are small business owners or freelance workers. There are also limits on the amount of money that you can borrow the client is 50 000 USD. After licensing and recognition as a Bank in 2016, Bitbond has accumulated a lot of investors and customers.