From 2012 to 2017 BTCjam was a peer-to-peer lending (aka "P2P lending") service where individuals could borrow or lend using bitcoin. The company claimed it intended to let users in countries that lack a local credit score system to receive loans. Its claimed mission was to make credit affordable and accessible everywhere. According to one source, BTCJam was "the first P2P lending platform to cross national borders successfully. BTCJam closed on 2017, claiming regulatory difficulties operating out of various jurisdictions.