Cephas Enters Bitcoin Peer to Peer Lending Business
April 17 2014 - 8:00AM
Marketwired
Cephas Enters Bitcoin Peer to Peer Lending Business
PHOENIX, AZ--(Marketwired - Apr 17, 2014) - Cephas Holding Corp
(PINKSHEETS: CEHC) today announced that it has entered into the
bitcoin peer to peer lending business.
Cephas has begun lending bitcoin to borrowers on the BTCjam
platform. Historical rates of return have averaged 19.3% on
loaned bitcoin on the platform according to the company.
The platform is a global marketplace connecting lenders looking
for attractive returns with borrowers looking for access to
credit. It uses an online, peer-to-peer reputation system in
lieu of traditional credit scores to qualify borrowers across in
the world and allow them to build a transparent credit profile on
the platform. Loans are made and repaid seamlessly using
bitcoin.
In the past year, the fiat currency peer lending platforms in
the United States issued $2.4 billion in loans. If current
trajectories continue, the US market total for could be $6.7
billion in issued peer to peer loans of fiat currency in
2014.
Cephas anticipates building a portfolio of bitcoin based loans
as the market grows.
Certain statements in this press release constitute
"forward-looking statements" within the meaning of the federal
securities laws. Words such as "may," "might," "will," "should,"
"believe," "expect," "anticipate," "estimate," "continue,"
"predict," "forecast," "project," "plan," "intend" or similar
expressions, or statements regarding intent, belief, or current
expectations, are forward-looking statements. While the Company
believes these forward-looking statements are reasonable, undue
reliance should not be placed on any such forward-looking
statements, which are based on information available to us on the
date of this release. The company's bitcoin businesses are
currently at a preliminary stage and may not materialize in any
meaningful fashion. Projections of rates of return on any bitcoin
loans are extremely speculative and should not be relied upon.
These forward-looking statements are based upon current estimates
and assumptions and are subject to substantial risks and
uncertainties, including without limitation those set forth in the
Company's filings with the Securities and Exchange Commission (the
"SEC"), not limited to Risk Factors relating to its Bitcoin
business contained therein. Thus, actual results could be
materially different. The Company expressly disclaims any
obligation to update or alter statements whether as a result of new
information, future events or otherwise, except as required by
law.
Cephas Holding Corp info@cephasbtc.com 929-224-2573