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.