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Pay Over Time.
Finance 0.1 to 1+ Bitcoin with flexible payment plans. Lock in today's price, pay monthly like a car.
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CFTC catch-up
Financing a commodity purchase for a consumer falls under Section 2(c)(2)(D) of the Commodity Exchange Act, a statute written for the financing of gold and other physical commodities to stop dealers writing paper they could not deliver on. Bitcoin is a digital commodity, and the rule has not caught up. Under Chairman Michael Selig the CFTC has proposed its first framework for crypto asset markets, Regulation CAM, and we are awaiting final rules that recognise Bitcoin as a digital commodity and give this product a clear regulatory home.
Read the Chairman’s latest statement ↗ - 2
DMV-style control
Finance a car and the lender holds the title until you have paid; mortgage a home and the lien is recorded. We are building the same for Bitcoin: a tri-party arrangement between you, Pyrus and a qualified custodian, so the Bitcoin is yours and the loan is secured. The industry treats tri-party custody as a $250,000-and-up product, and we are working with custody providers to make it work at consumer size. The structure is a requirement, not a preference: it keeps your Bitcoin bankruptcy-remote and de-risks your financing from Pyrus itself.
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Doing it right, not just first
Others have launched around these questions. We are building through them: a premium product designed with our borrowers’ best interests through and through. When it opens in your state, you will be the first to know.
Be first when it opens in your state.
No commitment. We email you the day consumer financing is live where you are.
