Latest FinTech Trend: Decentralized Blockchain Peer-to-Peer Lending
The digitalization of money and the innovative reinvention of its transfer through newly introduced technologies like the blockchain technology has marked the beginning of a new financial era; generation of peer-to-peer transactions and financial networks. In that, peer-to-peer lending is becoming a FinTech trend in both the blockchain and FinTech market. More options for low-tier entrepreneurs and employees. Over the past few years, after the introduction of the blockchain technology and its wide range of use cases, entrepreneurs and FinTech startups have begun looking into the....
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These new regulations will also have an impact on Bitcoin in China. Since cryptocurrency does not fall under these regulations, it may become the new peer-to-peer lending option. Peer-to-peer lending has always been a very popular trend in China. That is not entirely surprising, as the country is keen on innovation and embracing new trends. But there have been a fair amount of problems with P2P lending in China over the past few months. New rules have been announced, which will put a vice grip on this innovative business model. At its core, any peer-to-peer service should not shut down....
Peer-to-peer lending has become an emerging trend in various countries around the world. Especially in China, things seemed to be heating up, thanks to a company called Ezubao. But at the same time, rumours started surfacing this company’s intentions were less than honorable. At it turns out, Ezubao was nothing more than a Ponzi Scheme, hurting the....
This new regulation is a first step towards supervising the fintech sector in Indonesia. Fintech is a trend that captivates audiences all over the world. A financial technology evolution is upon us, and it is only a matter of time until drastic changes occur. Indonesia is preparing for what the future may bring, by issuing a new regulation for fintech firms. To be more precise, the government focuses on P2P lending first and foremost. One of the many sectors fintech is “threatening” is the way people think about lending and borrowing money. In most cases, consumers and enterprises have to....
Brilliant minds around the worth are continually exploring the options and possibilities associated with Bitcoin technology. One of the things where Bitcoin could play a major role is in the world of finance, as digital currency works the same way around the world, regardless of any country borders. Could micro-financing become a future use case for Bitcoin? Let’s find out. It is not the first time Bitcoin is mentioned in the same sentence as peer-to-peer lending. In fact, there are several platforms in existence doing just that, such as BTCJam for example. But one the key issues with....
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....