Quote from: Ranly123 on May 18, 2019, 03:29:57 PM

Quote from: MoonCoins on January 31, 2019, 11:50:41 AM

Cryptocurrency loans emerged as an increasingly viable alternative to borrowing loans. What do you think about the cryptocurrency lending business?

https://news.bitcoin.com/genesis-capital-processed-1-1b-of-cryptocurrency-loans-in-2018/

Crypto loans are becoming very popular nowadays but we should be cautious on to where and what are we loaning to. Risk is very high but with regards to security, I think it's also dependable.

Having operating a lending business in the crypto space, you already know and accepted the risk of losing money.
You have to do due diligence when you are lending money, just like investing in a coin of your choice because all are risky but there are ways to minimize the risk in lending, otherwise, lending industry in general would not be profitable.