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German Bank Allows Users To Transfer Loans Anywhere In The World Using Bitcoin

• https://www.zerohedge.com, Tyler Durden

And, there's even a bank ready to serve Iran when it comes knocking: according to Reuters, German Radoslav Albrecht has founded an online bank that allows clients to transfer loans anywhere in the world using Bitcoin.

That's right: bitcoin's money-laundering, capital-controls evading capabilities - the reason why we said it's going much, much higher back in September 2015 when it was just above $200 - are finally going mainstream. And not only that, but in one move it is disintermediating the multi-trillion industry behind private money creation known as "banking."

It's therefore hardly a surprise that the company's motto is "see no bank, hear no bank, speak no bank."

Albrecht's Bitbond uses Bitcoin and other cryptocurrencies to completely bypass the Swift international transfer system which has a monopoly and ultimate veto power on who is in - and isn't - in the global petrodollar club, to lend money across the globe rapidly and at low cost.

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