Bitcoin Brands is a venture, headed by CEO Peter Klampka, that is looking to lead the charge in the use of Bitcoins as a means to extend microloans. Formerly named Cephas Holding Corp, Bitcoin Brands is looking to bring its experience in technology and payment products to the Bitcoin era.
Bitcoins are a new digital currency that can be send through the Internet, are universal, have the lowest transfer fees, practically no time restrictions and have the fastest transfer rate when compared to regular currency loans.
Since Bitcoins can be sent from one smartphone to another, you can literally text someone a loan -- or repay your loan -- in mere moments. These transactions are speedy, inexpensive and can be accepted by anyone anywhere at any time.
Many vendors already accept Bitcoin payments; these range from the likes of Expedia and Overstock to several small vendors.