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The development of the world’s first Bitcoin business lending platform is being launched by LQD Business Finance, a leading technology-enabled alternative lender. LQD Business Finance would become the first organization to use Bitcoin as a currency for commercial loans through this cutting-edge network.

Although Bitcoin can currently be used as collateral to get a loan, the company’s platform will be the first to use Bitcoin as a lending currency. The platform of LQD Business Finance will attain this objective in two key ways.

First, to make the process of documenting and packaging loans more effective, LQD Business Finance will build on the Provenance blockchain. The core of LQD’s DNA is to bring increased efficiency and accuracy to commercial lending. Adding a blockchain to our existing tech stack allows us to achieve that goal better,”Bringing increased efficiency and accuracy to commercial lending at the core of LQD’s DNA. Adding a blockchain to our existing tech-stack enables us to better achieve that goal,”

Second, the company will lend Bitcoin on its platform. “Major players are now starting to see Bitcoin as a usable currency, and we see this trend continuing. LQD’s platform will allow investors and business borrowers to benefit from this trend by creating a market in which private debt demand and Bitcoin holders can efficiently transact.”

Currently, as an alternative lender with custom funding options, LQD Business Finance services the private debt market. The company’s advanced software and risk management systems for automation enable broad-based underwriting to provide loans at three times the speed of rivals.

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“While LQD is involved in lending, what we really are is an inventions company looking to bring greater efficiency and accuracy to private debt markets. We see ourselves as the Amazon of private debt. So, our move to innovate in crypto-debt is a natural continuation of our core mission” says Souri.

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