Bitbond seems to be dealing just with Bitcoins, at least that's how their terms of use put it: "We broker bitcoin loans between marketplace participants ('user

Bitbond seems to be dealing just with Bitcoins, at least that's how their terms of use put it: "We broker bitcoin loans between marketplace participants ('users'), who want to use bitcoins for a specific time period and pay interest ('borrowers') and marketplace participants who want to lend bitcoins to other people for interest ('lenders')"[1] So then it is up to the recipient to do the exchange for fiat - if they require that. Based on the website Bitbond seems to be targeting for example people selling stuff online so it might be some of their customers can directly pay for their suppliers in bitcoins. Even if there would be full fiat-bitcoin-fiat cycle involved, that may be easier and cheaper than doing a cross-border payment via traditional banks. The cross-border payment thing via banks is complicated and has multiple steps. Small banks don't usually have direct relationships between each other, instead there are larger banks involved in the middle to facilitate the payments. With fiat-bitcoin-fiat you might be dealing with local players on both ends, which makes things easier. [1] https://www.bitbond.com/terms_of_use https://www.bitbond.com/terms_of_use