BlockFi’s founding goal is to provide incremental liquidity across the crypto ecosystem around the world, and this expansion is a major step towards that end. Today we’re excited to launch support for lending to international customers.
As part of the geographic expansion, BlockFi has expanded its customer service team and now supports customers in Spanish and Mandarin. In the third quarter of 2018, roughly 50% of all BlockFi website traffic came from international users and over one third of applications were from non-US residents. The company’s founding goal is to provide incremental liquidity across the crypto ecosystem globally, and this expansion is a major step towards that end.
Our international expansion will begin with business customers, who will have the option of 3, 6, 9, or 12 month loan maturity durations. BlockFi’s international loans will initially support Bitcoin (BTC) and will expand into other collateral options as the product expands.
“The international marketing for borrowing USD is an $11 trillion industry, which has historically only been available to governments and large corporations,” said BlockFi CEO and Co-Founder Zac Prince. “We’ve seen an overwhelming international demand for our services in this sector and are excited to be making USD debt available to businesses and consumers around the world at dramatically cheaper rates, especially in emerging markets.”
“I’ve spoken to business owners across the world who have expressed an immediate need for our product. In many countries, investing into crypto is much easier than accessing liquidity,” explained BlockFi Co-Founder and VP of Operations, Flori Marquez, “We’re excited to give businesses across the globe access to growth capital and portfolio diversification.”
Applying for a BlockFi loan takes less than 2 minutes. If you’re looking to use your crypto to fund your business or have any questions about our services, please contact our team at email@example.com. We love hearing from you.
— The BlockFi Team