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Author Topic: A short market analysis of Lending Market by our team  (Read 187 times)
btccredit_io
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April 24, 2019, 09:25:47 AM
 #21

https://medium.com/@info_60688/market-analysis-of-p2p-lending-2e40ba419691

What do you think, whether bank lending is better or crypt p2p lending?
Do share your views and comments on this.

It's a clear advertising to your p2p lending platform. Anyway, please answer one simple question!

Lets assume, your company is located in Singapore and a Mexican person takes out loan without collateral and later he refused to pay you.

What mechanism you will have in place to recover that amount?

I am asking these because recovery is a big challenge in crypto p2p lending!

For now, collateral is must for a borrower. and we give max 75% of collateral value in loan,because we have to consider the price volatility of the crypto. If the borrowed coin's price increases to collateral value, at that moment, the lender can request for collateral withdrawal.

And this post is not for promotion sake. It's to promote the concept of p2p lending only.
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April 25, 2019, 04:28:24 PM
 #22

For now, collateral is must for a borrower. and we give max 75% of collateral value in loan,because we have to consider the price volatility of the crypto. If the borrowed coin's price increases to collateral value, at that moment, the lender can request for collateral withdrawal.

And this post is not for promotion sake. It's to promote the concept of p2p lending only.
Oh, you will even give more than that based on what I know. Since the market is highly volatile, if your plans of the market going up doesn't work, then you're in a very big loss cause you will be paying back without any profit and you're also paying all those money plus interest. If you ask me, I'd say bank is better than this one. And by the way there are lots of new platforms around these days that can even lend you money without asking for any collateral at all. But borrowing money is not something I recommend to anyone.

What do you think, whether bank lending is better or crypt p2p lending?
If you ask me I will say that there is no difference between the two of them. Based on what I know about the crypt I lending you will have to deposit your cryptocurrency assets to get some cash from the borrowers and pay back later with some interests and I don't really fancy. People just do it because they don't want to sell their assets and that's the only reason I know they do it and to me, it's not really worth it. What if you borrow and pay plus all those interests and the assets you were trying to save still didn't increase in price?
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April 28, 2019, 10:15:58 AM
 #23

Depends on the interest charges on both systems.
I think the P2P should offer competitive interest rates compare with banks to be more attractive.

I'm not sure P2P is a magical bullet. Banks have been in business a long time, and while they obviously can make mistakes they usual have rather strong protection against fraud and have large departments of staff that are dedicated to risk management. What you'll tend to find is people that have a hard time borrowing money from a bank (maybe because they have not paid it back in the past) will try to borrow via P2P lending services. Ultimately these high risk borrowers will default on the debt to private lenders. China is having a bit of a P2P lending crisis at the moment

Exactly this. P2P lending and crypto lending is mostly subprime, which is why the interest rates are much higher and the defaults are much higher too.

 
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