Peer-to-Peer Lending

[Antier Solutions]

Peer-to-Peer Lending: Revolutionizing the Lending Paradigm

What is encouraging most businesses and entrepreneurs to tap into the P2P lending market is the fact put forth by the Word Bank which states that 1.7 billion adults worldwide are unbanked. Furthermore, many are unable to acquire a loan due to poor credit rating. Building a P2P lending platform can be an opportunity to capitalize on such people’s inaccessibility to financial services, providing them with contemporary P2P lending exchange to satisfy their borrowing or lending needs.

What's your take on this?

[1715071216]

1715071216

[1715071216]

1715071216

[jonsi]

Peer-to-Peer Lending: Revolutionizing the Lending Paradigm

What is encouraging most businesses and entrepreneurs to tap into the P2P lending market is the fact put forth by the Word Bank which states that 1.7 billion adults worldwide are unbanked. Furthermore, many are unable to acquire a loan due to poor credit rating. Building a P2P lending platform can be an opportunity to capitalize on such people’s inaccessibility to financial services, providing them with contemporary P2P lending exchange to satisfy their borrowing or lending needs.

What's your take on this?

The problem here is not the idea, it's the implementation.

Are you talking about just bringing together lenders and borrowers together on a platform or are you looking to take an active role in this?

If it's the first option, than I don't see any innovation in this.

If it's the second option, than how would you enforce someone to pay back a loan?

[hugeblack]

When it comes to cryptocurrencies lending, there are two problems: trust and price volatility.

Trust: You need some collateral to give the other party the loan and to make sure that the person who gets the loan has a mechanism to repay that loan. This needs to see some personal data and thus reduced interest from cryptocurrencies.

price volatility: Cryptocurrencies are highly volatile and therefore must be converted using dollars, which may mean the need for a conversion of the local currency and thus revealing identity in most cases.

[Antier Solutions]

When it comes to cryptocurrencies lending, there are two problems: trust and price volatility.

Trust: You need some collateral to give the other party the loan and to make sure that the person who gets the loan has a mechanism to repay that loan. This needs to see some personal data and thus reduced interest from cryptocurrencies.

price volatility: Cryptocurrencies are highly volatile and therefore must be converted using dollars, which may mean the need for a conversion of the local currency and thus revealing identity in most cases.

We can't agree more here, trust and price volatility are important aspects for any use-case involving crypto-currencies.
To counter trust factor, there is a KYC/AML module integrated into our P2P lending platform to ensure authenticity of users and making sure all loans repayments are paid on time.
To overcome price volatility, we have LVR (Loan to Value Ratio) Calculator deployed in our platform which liquidates the collateral at certain set of LVR point. To bring in fiat currency into the system that is something linked with client's business decision as it involves a lot of legal formalities to implement fiat currency.

More can be showcased over a demo if that interests you: https://www.antiersolutions.com/p2p-lending-software-development/