Quite an interesting video to watch, simple, clear and concise, I think this is one of the much needed move we so look forward to in the loan industry where I don't necessarily have to go to those around my social group to get loans
I recommend this video to anyone reading to watch, it captures Loansbay concept beautifully
There is a lack in the general credit/loan arena which the blockchain according to the whitepaper seems to solve quite well. I think the trickiest part would be the KYC of participants.
Yea, i don't think i've seen any credible loan facility that is based on the blockchain industry at the moment, i may be wrong though, heard of a few but can't say that they are doing good, so i believe this project has a role to play at the moment, we all want to acquire things like a house, car etc but getting the needed avenue to make such happen in terms of loans is an issue, so i see this has a problem solving concept