From 2012 to 2017 BTCjam was a peer-to-peer lending (aka "P2P lending") service where individuals could borrow or lend using bitcoin. The company claimed it intended to let users in countries that lack a local credit score system to receive loans. Its claimed mission was to make credit affordable and accessible everywhere. According to one source, BTCJam was "the first P2P lending platform to cross national borders successfully.
|Industry||Personal Finance, Software|
211 Sutter St.,
Number of employees
BTCjam was part of the 500 Startups accelerator program and received investments from Ribbit Capital, Foundation Capital, Pantera Capital, and other venture capital firms. It has facilitated bitcoin loans for more than US$14,000,000 in over 120 countries.
BTCJam closed on 2017, claiming regulatory difficulties operating out of various jurisdictions.
By 2016, the company had serviced more than 16,000 loans across 121 countries, many in areas typically considered to be unbanked, and had been described as "by far the largest microloan/microfinance site powered by Bitcoin.
In March 2016, BTCjam stopped accepting customers from the United States for regulatory reasons.
- Tasca, Paolo; Aste, Tomaso; Pelizzon, Loriana; Perony, Nicolas (September 1, 2016). Banking Beyond Banks and Money: A Guide to Banking Services in the Twenty-First Century. Springer. pp. 145–. ISBN 978-3-319-42448-4.
- "BTCJam - Highlights". BTCjam.
- "500 Startups - BTCjam". 500 Startups. 500 Startups.
- DeMartino, Ian (August 16, 2016). The Bitcoin Guidebook: How to Obtain, Invest, and Spend the World's First Decentralized Cryptocurrency. Skyhorse Publishing Company, Incorporated. pp. 154–. ISBN 978-1-5107-0148-9.
- BTCJam is closing
- Company Website BTCjam Official Website