it looks like POWERLOAN LENDIN wants to create a platform to create an independent funding system that allows owners to participate in providing micro-loans and earn more coins
I didn't see any mentions of micro loans from the white paper. Is it true that they want to address micro-loans?
If so, I have some questions.
Why is it micro loans anyway? 60 days and more isn't the micro.
Because you can lend a few dollar. Duration doesn't determine if the loan is macro.
I understand the concept of microloans. The successful implementation of microloans was based on villages where they can cover KYC quite well because they're from the same village and they know each other. In the world of cryptos, how will this work? Will someone really go extensive manners to ensure a few dollars?