BTCJam is an international lending platform that uses Bitcoin in a peer-to-peer marketplace. Through their P2P model, they are able to offer more accessibility to loans around the world and help democratize financial services.
The service facilitates personal loans in a variety of forms, including medical expenses, business, debt consolidation, credit card refinancing, Bitcoin mining, major purchases, vacations and more. Crowd lending is becoming an increasingly popular, especially in the United Kingdom. The process behind BTCJam is a simple one -- you create your loan, watch it get funded, withdraw your money and then make fixed and affordable payments at a low rate. The lending platform is also a chance for interested parties to invest their Bitcoin with a high rate of return.