P2P in lending removes unnecessary intermediaries, human error and makes it possible to obtain loans with small interest rates
The main advantage of the P2P system is the absence of a third party. The whole transaction goes through a smart contract, so you will never get a recalculation of the interest rate and so
Also, you do not depend on the location of the bank.
You can get a loan anywhere in the world just a couple of clicks on your smartphone.
Yes, you are right and how far you will collect the interest rates on the basis of cryptocurrency, because once the platform launches many people will show a lot of interest towards the project but how far it will take to launch the platform?