What Do You Think About Lending Coin Platforms?

[patt0]

I do believe in lending platforms, and if they manage to deal with regulation they might get huge. I don't know those two, but I do know Salt, that looks very promising to me. I lost a lot of money because I had to withdraw bitcoin in order to pay bills, but with these platforms, or at least with Salt, I could just use my crypto as collateral and get a fiat loan in my bank account, without spending my coins. This is really good, as the increase in price could actually pay the loan by itself.
I think the main problem these platforms might find is to be legal, since lending is still very tied to banks. If we start having platforms like these available, banks will need to adjust their interest rates for sure.

[awilliams]

With what's been going on with the SEC, I only support ico's that are anticipating regulation. A favorite of mine recently would be polymath. They're a platform for issuing legally compliant security tokens on the blockchain. Not only is that a huge idea, but their platform has a network of KYC-verified investors that bridges the gap between VCs and startups as well.

https://www.bloomberg.com/news/articles/2017-08-30/it-s-about-to-become-even-easier-to-issue-blockchain-based-coins