Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: Magpie on April 12, 2018, 03:00:00 PM
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There are a number of reasons why using blockchain for borrowing and lending makes sense, especially when it comes reducing fees, cutting out middlemen, and operating in a trustless and transparent environment.
The article below dives deep into the benefits (and drawbacks) of blockchain lending, and thinks about how banks will respond.
It also lists a few of the best projects focussing on this, including SALT, EthLend and Ripio Cedit Network.
https://medium.com/trivial-co/lending-and-borrowing-on-the-blockchain-should-banks-be-scared-e0a01c857c43
What do you think about it - would you take or provide a loan on the blockchain?
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Of course, thanks to blockchain and smart contracts, there is no need for intermediaries in the form of banks, so many people will choose lending without banks.