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BlockFi Now Lending Worldwide
Published, 30 October, 2018
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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 through our contact us page. We love hearing from you.
— The BlockFi Team
Twitter: https://twitter.com/TheRealBlockFi
Facebook: https://www.facebook.com/BlockFi/
Telegram: https://t.me/joinchat/I3R7WlHo-dMexqdwCDE2_A
LinkedIn: https://www.linkedin.com/company/blockfi/
Last updated on August 8th, 2022
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As of February 14, 2022, the BlockFi Interest Account (BIA) is no longer available to new clients who are US persons or persons located in the US and existing US clients with BIA accounts are unable to transfer new assets to their BIAs. Learn More.
BlockFi Lending LLC NMLS ID#1737520 | NMLS Consumer Access
BlockFi Trading LLC NMLS ID#1873137 | NMLS Consumer Access
Digital currency is not legal tender, is not backed by the government, and crypto accounts held with BlockFi are not subject to FDIC or SIPC protections. Digital currency values are not static and fluctuate due to market changes. Not all products and services are available in all geographic areas and are subject to applicable terms and conditions. Eligibility for particular products and services is subject to final determination by BlockFi. Rates for BlockFi products are subject to change.
BlockFi Rewards Credit Card: For more information, please see BlockFi’s Terms of Service. BlockFi is not a Bank. Cards are issued by Evolve Bank & Trust, Member FDIC, pursuant to a license from Visa® USA Inc. Rewards are not offered by Evolve Bank & Trust and are instead offered and managed by BlockFi.
BlockFi International Ltd. holds a Class F digital assets business license under the Digital Assets Business Act, 2018 (as amended) and is licensed by the Bermuda Monetary Authority to conduct the following digital assets business activities: (i) issuing, selling or redeeming virtual coins, tokens or any other form of digital assets (ii) operating as a digital asset exchange (iii) providing custodial wallet services (iv) operating as a digital asset derivative exchange provider and (v) operating as a digital assets services vendor.
See blockfi.com/terms for more information.
2022 © All Rights Reserved.
BlockFi Lending LLC NMLS ID#1737520 | NMLS Consumer Access
BlockFi Trading LLC NMLS ID#1873137 | NMLS Consumer Access
Digital currency is not legal tender, is not backed by the government, and crypto accounts held with BlockFi are not subject to FDIC or SIPC protections. Digital currency values are not static and fluctuate due to market changes. Not all products and services are available in all geographic areas and are subject to applicable terms and conditions. Eligibility for particular products and services is subject to final determination by BlockFi. Rates for BlockFi products are subject to change.
BlockFi Rewards Credit Card: For more information, please see BlockFi’s Terms of Service. BlockFi is not a Bank. Cards are issued by Evolve Bank & Trust, Member FDIC, pursuant to a license from Visa® USA Inc. Rewards are not offered by Evolve Bank & Trust and are instead offered and managed by BlockFi.
BlockFi International Ltd. holds a Class F digital assets business license under the Digital Assets Business Act, 2018 (as amended) and is licensed by the Bermuda Monetary Authority to conduct the following digital assets business activities: (i) issuing, selling or redeeming virtual coins, tokens or any other form of digital assets (ii) operating as a digital asset exchange (iii) providing custodial wallet services (iv) operating as a digital asset derivative exchange provider and (v) operating as a digital assets services vendor.
See blockfi.com/terms for more information.
2022 © All Rights Reserved.