Lending: Bitcoin, Payday Loans, The AFS Industry

By | Mar 21, 2013

Lot’s of discussion occurring regarding virtual currencies like Bitcoin. We Lenders are a crafty bunch. The regulators are always playing catch-up although they will “slap-your-hands” if you aren’t careful. We live in exciting times. Look below the surface… see the future! List of businesses accepting virtual currency.  The Fed’s are beginning to notice as reported in the WSJ. Manhattan bar now accepts Bitcoin: http://goo.gl/4fMog  Will Lenders/consumers accept Bitcoin? Where are we headed??

What do YOU think?

Jer – Trihouse: The Payday Loan Industry

 

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7 Comments so far
  1. Frank M. March 22, 2013 5:47 pm

    Hm… virtual currency and lending… Jer, you got me thinking.

  2. Martin March 22, 2013 5:57 pm

    The “lenders” link is interesting. Borrowers are rated on a risk basis as related to having a connected Linkedin, Paypal, Facebook… acts. Apparently borrower phone numbers and I.D.’s are validated. Not sure yet what that means at BTCJam but this is intriguing.

  3. Payday Loan Industry April 9, 2013 12:20 am
  4. miro posavec May 6, 2013 8:49 pm

    Bitcoin just had a big crash. In Canada, you could probably get away with doing business in “Canadian tire money”. This is a large auto/hardware/housewares chain in Canada. They even have gas stations. They started issuing the coupons back in the 30’s. It’s almost a currency up there. Many flea market vendors will take it, and since you can buy almost anything with it? It’s cool.

  5. Payday Loan Industry May 6, 2013 9:21 pm

    You’re right about the crash. Bitcoin is extremely volatile. Interesting commentary regarding “Canadian tire money.” What’s the name of this chain?

  6. Patricia November 18, 2013 12:15 pm

    You people are nuts! The shady world of Payday loans… hope you get burned by your own BITCOIN

  7. Payday Loan Industry November 18, 2013 12:31 pm

    Thanks for your feedback, Patricia.

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