Quote from: avikz on April 22, 2019, 02:57:24 AM

Quote from: btccredit_io on April 15, 2019, 07:05:58 AM

https://medium.com/@info_60688/market-analysis-of-p2p-lending-2e40ba419691

What do you think, whether bank lending is better or crypt p2p lending?
Do share your views and comments on this.

It's a clear advertising to your p2p lending platform. Anyway, please answer one simple question!

Lets assume, your company is located in Singapore and a Mexican person takes out loan without collateral and later he refused to pay you.

What mechanism you will have in place to recover that amount?

I am asking these because recovery is a big challenge in crypto p2p lending!

For now, collateral is must for a borrower. and we give max 75% of collateral value in loan,because we have to consider the price volatility of the crypto. If the borrowed coin's price increases to collateral value, at that moment, the lender can request for collateral withdrawal.

And this post is not for promotion sake. It's to promote the concept of p2p lending only.