Post
Topic
Board Announcements (Altcoins)
Re: [ANN] LendLedger | Data-driven, Decentralized Lending 🌎Powered by Stellar
by
Lendledger
on 27/07/2018, 15:09:59 UTC
Sorry if this question has been answered already, how is the project different from platforms like ETHLEND?

I have also put the same question, before you, but the team has not considered a good idea to answer to this quite crucial question. They have asked to other questions from other people, but not to this. Not a very good approach to ignore legitimate questions, IMHO.

Hi rahu0831, CryptoChanel, let me begin by assuring you that we wouldn't neglect a question like this - our Bitcointalk admins try to answer everyone's questions in a timely manner but sometimes things take longer than expected. Now onto your question. We have a medium post (https://medium.com/lendledger) coming out shortly which will focus on running you through how LendLedger is different from a number of other platforms operating in the space (SALT, Ripio, Bloom and others) so stay tuned for that. For now in terms of ETHLEND our two main differentiators are that ETHLEND focuses on Peer to Peer Lending whilst our Lenders are institutional and that whilst ETHLEND lends in Crypto with LendLedger both Borrowers and Lenders transact in fiat. LendLedger likes to think of crypto as 'plumbing' - it gives us the security, ease and transparency we need but can remain behind the scenes. We believe that this lowers barriers to adoption in the type of markets we will begin to focus on. Additionally, our mission is to help the 200 million+ MSME's to get loans and we will begin with an emerging markets focus, this is not true of ETHLEND. Hope this answers your question.