We are constantly working to make the Praxis experience smoother and more enjoyable for anybody who wants to participate and shows the drive, desire to learn, and grit necessary to succeed at our unique business partners. We are committed to keeping the tuition for the program a net-price zero, so that our participants need not go into debt to participate in the program.
Some applicants may choose several financing options to make a cost-of-living adjustment more manageable. For these purposes, we are featuring several innovative personal financing options which our applicants may be interested in.
BTCJam is a peer-to-peer bitcoin lending and investment marketplace platform. It connects users who are interested in funding other persons’ projects with the Bitcoin cryptocurrency. BTCJam is a marketplace platform and not a bank, so interested borrowers list their projects — such as raising money to move to a new city for Praxis — and interested investors will select which borrowers they wish to invest in. The platform is unique for this reason, and is not a bank — it simply facilitates investments between two users (P2P).
The criteria for investment is multifaceted, and includes projected income, citizenship status, connected social profiles (e.g., Facebook, LinkedIn, twitter), and references. Any interested Praxis applicants who wish to apply for an investment on BTCJam can get a reference from the Praxis team, in addition to their own professional and academic preferences.
- Minimum loan: N/A
- Starting APR: 6.7%
- Qualifications considered:
- FICO score
- Income (real and/or projected)
- Citizenship status
- Professional references
- Social media presence
Given the network of BTC-specialized businesses that Praxis is currently partnered with, BTCJam is a natural fit for the participant who wants to make a difference in the world of cryptocurrencies. Check out the platform here.