Bitbond, an online bank founded in Germany in 2013 by German Radoslav Albrecht, has found an innovative use case for bitcoin’s borderless nature: international loan payments. It was the first to use bitcoin to transfer credit in currency internationally, not only as loan collateral, and it’s currently processing about $1 million in loan payments per month.

While many outsiders (and even hodlers) see bitcoin as only a highly speculative asset, Bitbond has found a business model that competes with traditional systems. Using bitcoin came as a smart move for Albrecht as an alternative to the Swift payment system, which is slower and more expensive.

Reference: https://www.ccn.com/german-online-bank-dismisses-swift-favors-bitcoin-for-international-money-lending/