2) No Bank Account is Required
The first thing that should be noted is that Bitbond is not a bank, it is a peer-to-peer lending service, and as such your eBay loan will be funded by investors around the globe. The way in which Bitbond assesses its applications is very different to that of a bank, and doesn’t require the user to have a bank account.
Those looking to secure a loan simply detail their request on the Bitbond website. Prospective investors then look at your proposal and if interested, will lend you Bitcoins in order to move your business forward with your eBay loans.Once a request is funded, the money is transferred to the borrower straight away.
As you can see, the method used differs greatly to the algorithms and credit scores that banks and high-street lenders use.Those who lend small businesses and startups Bitcoins
can benefit from earnings on their savings, whereas those receiving the funds can benefit from a low interest rate when compared to alternative high-street lenders.