[ANN] 💥 LendLedger | Data-driven, Decentralized Lending 🌎 Powered by Stellar ⚡

[Victory21]

If you team up or partner with online payment solutions for small business, it may be quite beneficial for the project

[Herocrypto]

"trillion-dollar credit gaps" - that's huge. Where did you get those numbers?

[poiseulle]

SALT is the big project running already with big funds under management and many users, what is the edge of yours

[Kezan2]

That's very interesting. Do you have any prototype or an MVP ready?

[Lendledger]

That's very interesting. Do you have any prototype or an MVP ready?

Thanks for asking. LendLedger APIs are already being used by Happy Loans in India at a pace of $30m in the coming 12 months. We consider this v0.1 of LendLedger. It’s currently centralized but connects data providers, lenders and borrowers via API.

[Lendledger]

SALT is the big project running already with big funds under management and many users, what is the edge of yours

Thank you so much for your question. Lending gaps for micro, small and medium businesses alone — i.e. the funds that small business owners globally need but aren’t able to borrow — are in the trillions of dollars. We need lots more work than the handful of recent ICOs, and even more than SALT or ETHLend. This credit gap affects a large % of the world’s population, so we should look for solutions within and beyond the crypto community.

[Lendledger]

It is more Valuable Bounty thanks for it

Appreciate your patience. Here is our official bounty campaign:

[BALUPUM88]

I suppose there will be a huge demand on this loans. The only issue is the difficulty to collect the pay back.

[RannyGG]

Many lending projects are very successful in the beginning. The hard thing is to keep the profitability in the long run. If you get it covered, it will be perfect.

[Herocrypto]

Your example from the website is for India. What other countries you focus on?

[Gashakarr]

Better make a couple more stories for the WP, so that more investors could relate.

[NEQATIF]

The informal loans are based on fear (or criminals) or on family relations.What will motivate the borrower to repay the loan in this scheme?

They tell that blockchain itself has solutions for trust

[kolyn]

The  fact you're using Stellar protocol is amazing!

[ZazaCash]

What kind of data providers can join the project?

[NEQATIF]

Don't know about the small business, individuals have problems for getting a loan as well. Will you provide loans for them too?

[kolyn]

Centralized banking doesn't really work, glad that you have your ideas!

Anyway, banks work this way for a reason. You got to create the whole ecosystem and promote it to the international use to change the things.

[book.me]

There are too many closed systems in blockchain. LendLedger will be one of them? Or you will manage to create a solution to easily integrate with other projects, related to lending?

[Egor_F]

What's the token utility? It is only to give as a loan?

[M@$ter Bit]

Do you need any bank license for the project?

anyone can basically give money to another person. Bank license isn't so necessary in crypto market

[Anton_p]

The ICO already going?