Its very interesting that the company is going to provide loans via its platform. If its so, Im wondering how theyre going to estimate borrowers and what credit terms theyre going to offer.
Hello! The company doesnt plan to provide users with loans, but CrowdCoinage platform will implement the system of peer-to-peer lending in order to allow users of the service to provide each other with loans.
The idea of 2P2 lending has been already tried out for hundreds of times. Creditors always fail cause the borrowers fade away with money after receiving a loan and dont interest. Im wondering if CrowdCoinage can offer something new.
Yeah, thats exactly what the company is ready to do CrowdCoinage is going to offer something unique. Due to the use of blockchain and smart-contracts for P2P lending the creditors wont have estimate the borrower, check his credit history and etc. It will be carried out by the service itself. So, the possibility of fraud is reduced to zero.