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CEHC News Cephas Enters Bitcoin Peer to Peer Lending Business

http://ih.advfn.com/p.php?pid=nmona&article=61881577&symbol=CEHC

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.