How would you make sure that the loan is repaid? Trust factor is being bound to property? Or to crypto assets? There should be no trust when it comes to lending. Only a fact that the loan is repaid no matter what. Could you please specify methods in risk-analytics?
A major part of the platform is a system of p2p partnerships with debt collectors. Its about if someone borrows money, and they cant return the money within time. Collectors use "soft collection". It is texts, papers and social channels. And people return to the Gelios, because they need money. Of course the default cases will happen, but the rates in such countries are also high.
we are saying that will be normal default rate at 25-30%, which is ok for microloan market.
Soft collection, which is normal practice for this market and works well.
Fraud is the essential part of default, though the system designed to minimise it, as much as we can make it
Also there are cases in US, when the court said to return BTC in a loan
And this overall trend to regulation, as you may see
If everything was regulated, it will not be small startups, but huge corporations.
