P2PAY
WEBSITE | TWITTER | FACEBOOK | WHITEPAPER | TELEGRAM | BOUNTY | SLACK WHAT IS P2P LENDING? P2P-lending is a form of lending where the trusted third party (typically a bank) is cut out of the equation, allowing people to directly engage in credit agreements. P2P-lending emerged with the internet in the early years of this millennium and has experienced immense growth ever since. Practicability and better interest rates than traditional loans make P2P-lending an attractive form of financing for people both in developing countries and in the industrialized world. Peer-to-peer lending removes the middleman from the process, but it also involves more time, effort and risk than the general brick-and-mortar lending scenarios. Traditionally, individuals and small businesses who want a loan usually apply for one through the bank. The bank would run extensive financial checks on the applicant’s cred...
