Your Asset in Your Control
Blockchain is making history by shifting power from centralized entities into the hands of the consumers. It has empowered people to manage their own assets without the intervention of any banks, brokers, or institutional monitors. This is a welcome necessity since people risk too much today by allowing their crypto assets to be controlled by a central entity. They don’t realize that it is not them but Wallets, Exchanges, & Lending Platforms that are controlling their assets. Hence, they have given up control of their identity, privacy, and money because they believe that they don’t have a choice. But not anymore. We aim to be the access point that provides people with this choice.
BtcCredit is an all-in-one decentralized wallet which gives you complete control of your Blockchain asset to Hold, Exchange, Lend, Borrow, Invest, and Stake. This document outlines the design of a Decentralized Next-Gen Banking Ecosystem that is powered by decentralised multi-currency wallet, decentralised p2p lending, and decentralised p2p Exchange capabilities.
- Peer to Peer Loan System
- Peer to Peer Exchange
Market Analysis of P2P Lending
It is cited, that “According to Morgan Stanley, the market for Global Marketplace Lending may reach $290bn. by 2020, with an expected Compound Annual Growth Rate of 51% from 2014 to 2020.”
The BTC Credit team is trying to showcase the potential of this market, in order to explain that their truly innovative peer-to-peer wallet solution holds great potential.
There are some existing Crypto lending platforms which are following different business models. On one end they are a just like a traditional p2p lending platform with the ability to accept cryptocurrencies as collaterals. On the other end, they deploy the entire loan contract on the blockchain and execute events on the loan agreement through smart contracts. The blockchain technology, with its fully transparent and incorruptible transaction ledger, forms the ideal system for managing the loan with its parameters like tenure, interest rate, crypto collateral, etc.
There are many platforms that offer crypto lending:
P2P Lending Platforms can be divided into three main categories:
Lending within the same country and in that country’s currency
2Cryptocurrency without Smart Contract
Lending globally with cryptocurrencies like Bitcoin
Cryptocurrency using Smart Contract
Lending using Blockchain Smart Contract as an intermediate
For More Information Click Link Bellow:
- Website: http://btccredit.io/
- Whitepaper: http://btccredit.io/pdf/btccredit_whitepaper.pdf
- Telegram: https://t.me/btccredit1
- Facebook: https://www.facebook.com/BTCCredit-1017662868433011/
- Twitter: https://twitter.com/btc_credit
Author: Foto lama
My Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1957113