Share this article
BTCJam Now Uses Credit Scores to Set Borrowers' Interest Rates
Updated Sep 11, 2021, 11:36 a.m. Published Mar 20, 2015, 10:40 a.m.
Bitcoin peer-to-peer lending network BTCJam has implemented a risk-based pricing model, changing the way it sets borrowing interest rates in an attempt to improve users' security.
The model, widely used by lenders in the mortgage and financial services industries, sets the borrower's interest rate based upon their credit score; the higher the credit score, the lower the interest rate.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
A statement from the lending network, said:
"Since BTCJam has all of the information about the borrowers, we are in a better position to determine the likelihood of the borrower paying back the loan and will adjust the interest rate accordingly."
"We are confident that this change will improve BTCJam and allow us to continue to maintain the highest repayment rates in peer-to-peer lending, as well as increase overall returns to investors," the statement concluded.
The new model means interest rates for all loans will be standardised, ensuring that investors are able to offset possible loans from defaults.
Loans created prior to the adoption of the risk-based pricing model will continue until they have either been funded or have expired.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Fidelity's Jurrien Timmer: Expect lame 2026 as four-year bitcoin cycle appears intact
The director of global macro at the asset management giant remains a secular bull on bitcoin, but isn't optimistic about the next year.
What to know:
- A number of notable market analysts of late have dismissed the idea of bitcoin's four-year cycle and the nearly certain bear market that might imply.
- Fidelity's Jurrien Timmer, however, says the action so far this time around lines up about perfectly with past four-year cycles and the current bearish action should last deep into 2026.
Top Stories
