L-Pesa creates blockchain-based, smart contract loans enabling people across the internet to grow their businesses and become thriving entrepreneurs. Hopeful visionaries can take loans in Ether or Bitcoin and then participate in L-Pesa’s curated marketplace facilitating peer-to-peer lending.
Something that would encourage wider adoption of Bitcoin: a peer-to-peer lending system.
This is an idea I had recently when wondering what to do with my Bitcoins just hanging out in my wallet, stubbornly not earning me any interest. Until banks accept Bitcoin, money held in a wallet is not earning value. Then I rembered an old website called Prosper.com. This site had some customer service issues, but their business model was brilliant: they functioned like a mix between kick starter and eBay for loans. People wanting to borrow money would fill out an application with their reasons for wanting the loan, their credit report was pulled, and then investors could bid on a dollar amount to loan and an interest rate minimum they would accept. Lenders and borrowers could ask questions prior to any bids. After a bidding period, the borrower got a loan offer of their requested amount (if fully funded) at the lowest rate lenders accepted, and the borrower could choose to accept or reject the loan. This site had all kinds of people- those with stellar credit could get amazing rates when compared to banks, and people with horrible credit could get a second chance. It was a wonderful set up. I invested money in it, looking for high rates of return by seeking out people who were trying to get out of debt but couldn't get a consolidation loan through traditional means. I personally helped 14 people out that way, and earned a nice 13% interest rate, even after one guy defaulted. I also benefitted by getting a loan myself to pay off a credit card that was at a much better rate than any of the balance transfer cards available to me at the time. It was a beautiful system that innovated against the traditional banking system in a free market, competitive manner. Enter the SEC. They decided Prosper was an unlicensed securities exchange and shut them down. When the website reopened over a year later, they were a mere shadow of their prior potential. Other peer to peer lending groups are out there, but all follow the same, limited business models out of the threat of the SEC. With Bitcoin, however, a truly innovative peer to peer lending system is possible. Because Bitcoin isn't recognized as "real" money by the powers that be, they would have no interest in it. Even if they did, they would have no power over it: Bitcoin is border less. Is this something the Bitcoin community could get behind?
[uncensored-r/Bitcoin] Peer to peer lending was never that easy before #crypto #LaLaWallet #LalaWorld #bitcoin Visit our...
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I live in a state that doesn't allow peer-to-peer loans. Is there a solid bitcoin lending site that pays back in dollars?
I would like to make passive income, but I don't want to lend in btc as that's too risky, obviously. I can't use Lending Tree so I was hoping there was an active bitcoin lending site that uses the dollar value of a loan to calculate payment and not bitcoin. Bitbond is too vague so I don't know if they go by btc or USD. They also don't seem to have a lot of customers
LZ Lending, London’s premier cryptocurrency Peer 2 Peer lending solutions, announces the official launch of their new fully integrated and simple to use P2P platform designed to remove barriers ... Bitcoin Lending Scams. Unfortunately, the Bitcoin lending sector saw a string of recent scandals that have cost investors billions. One of the most widely known of these scandals is BitConnect. This peer-to-peer lending platform got investors for huge sums of money after abruptly closing down its operation in January of this year. Bitcoin lending, whether it is peer-to-peer or for margin trading, is a risky investment option, where defaults, volatility and other risks are the order of the day. But risk is an inherent part to investing, and if your nerves can afford dealing with it, Bitcoin lending offers an excellent opportunity to profit, and a market that is still novel and at your disposition. If you follow common ... Bitcoin is a global cryptocurrency that allows peer-to-peer transactions without the need for a centralized authority. It is the most popular virtual currency in the world today. And, regardless of whether or not you own any “digital gold“, it’s time to introduce you to cryptocurrency lending platforms, how they work and the best sites. ... Peer-to-peer (P2P) lending refers to borrowing funds from a range of private investors through the use of a so-called peer-to-peer lending platform. While this type of financing has existed for over a decade now, it has only recently also become available to cryptocurrency users who can now borrow bitcoin and other digital currencies in the form of a cryptocurrency peer-to-peer loan.
Bitcoin Africa Conference 2015 - http://bitcoinconference.co.za/ Get your first Bitcoin loan at Btcpop.co. Basic step by step process to get your peer-to-peer loan funded Zach Doty founder of Credible Friends, and Simon Dixon founder of Bank to the Future and managing partner at Bitcoin Capital discuss p2p lending in bitcoin, ... ZeroLender: Trustless Peer-to-Peer Bitcoin Lending Platform Yi Xie (Boise State University), Joshua Holmes (Boise State University) and Gaby G. Dagher (Boise... Lending Your Bitcoin - Join Our Free Bitcoin Club By Clicking Here: ... Why I No Longer Invest in Peer to Peer Lending After Owning Thousands of Notes - Duration: 8:27. BenTeachesEnglishOverseas ...