Banking on Friendship: P2P Lending Credible Friends Platform Launches
Today sees the launch of peer-to-peer Bitcoin lending platform Credible Friends, designed to spread Bitcoin awareness while enabling friends to borrow virtual currency – on terms decided by them. The platform, which is the brainchild of developers Gavin Knight and Zach Doty, was launched with help of Bitcoin entrepreneur Roger Ver from his St. Kitts home....
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On the latest episode of the Bitcoin.com podcast, Simon Dixon rejoins our host, Zach Doty, to discuss Bitcoin P2P lending the new P2P lending app Credible Friends that Zach himself founded. BnkToTheFuture CEO Simon Dixon on P2P Lending. After the first time BnkToTheFuture CEO, Simon Dixon, joined the Bitcoin.com podcast, Credible Friends placed a private....
Peer-to-peer bitcoin lending platform CredibleFriends has successfully pitched on BnkToTheFuture, where it has already raised $51,000 or 20% of its funding goal. P2P Lending ‘Ready for Version 2’. CredibleFriends, which allows friends to lend each other money based on trust and aims to spread bitcoin use among lay consumers, is aiming to raise $250,000....
On January 5, the open-source non-custodial decentralized finance (defi) lending platform Aave launched a permissioned version of the protocol aimed at institutions. The platform dubbed Aave Arc will leverage Fireblocks as the first whitelister as the platform aims to help bridge traditional financial institutions with defi. KYC-Centric Defi Liquidity: Aave Launches Aave Arc Permissioned Protocol for Financial Institutions Aave has launched a permissioned platform called Aave Arc on Wednesday, a new protocol dedicated to financial institutions that want to particpitate in defi in a....
CredibleFriends, a P2P lending app that lets people lend bitcoin to friends, has raised $100,006 of its $250,000 fundraising goal on BnkToTheFuture, surpassing the $100,000 needed by July 15 to ensure the funds pledged will be deposited. The app allows users to extend credit to friends and earn interest in the process. There is a Youtube video on the website, crediblefriends.com and on BnkToTheFuture. “Credible app is a tap and lend solution,” said Zach Doty, founder and CEO of CredibleFriends, in a video on the BnkToTheFuture website. “We’re a social platform that’s actually usable for....
Peer-to-peer lending, also known as P2P lending, crowdlending, or social lending, allows borrowers to connect directly with lenders, bypassing the middleman normally involved when utilizing traditional banking systems. In a P2P lending scenario, lenders are typically referred to as “investors,” who loan money to qualified applicants. The intermediary website (P2P platform) usually sets the rates and the term for the lending agreement, and once the terms are agreed by both parties, the transaction will be facilitated. To better understand P2P lending, it’s important to have a firm grasp of....