Blockchain in Lending

Blockchain in Lending

Loans for individuals and legal entities in cryptocurrency using a robot based on a smart contract.

PROBLEMS OF THE CURRENT LENDING MODEL

Intermediaries.

Intermediaries in the translation of currency can significantly increase the time of operations.

Cost of operations.

The presence of intermediaries increases the cost of credit products.

Regional attachment.

Products are tied to a specific territory where the currency is valid.

Complexity of infrastructure.

The current model with these intermediaries greatly complicates the lending procedure.

NEW LENDING MODEL

Processing of borrowers.

Processing of applications is conducted not on the server of the Lender, but in the blockchain. The decision is made by a smart contract based on credit history and scoring.

Loans in cryptocurrency.

Loans are issued not in the form of a fiat currency, but with the help of cryptocurrency. It is possible to use automatic conversion to local currency.

BENEFITS OF THE NEW MODEL

Transfers are simplified, since the money is transferred in cryptocurrency directly between the participants.

BENEFITS OF THE NEW MODEL

Transfers are simplified, since the money is transferred in cryptocurrency directly between the participants.

Economy on intermediaries commissions.

Borrower is not tied to the area(it is possible to create a list of approved countries with which the Lender works).

Crypto-exchanges connection for automatic conversion of crypto currency or tokens into local currency.

Meet the Credits in the world of lending

Lending today is a rapidly developing industry with great automation potential

See the detailed description of smart contracts robots based loans for individuals and legal entities.

Why Credits?

We have created a unique blockchain platform called Credits, which makes it possible to use blockchain technology in the banking industry.

A unified protocol for issuing, storing and transferring financial assets

Infrastructure on a distributed network with a public registry

Accounts system with public and private keys

Set of security systems

Built-in programming language for creating services

Contact us

We have a strong team of programmers and support offering:

Consultations on how to use technologies

Help with PoC (proof of concept) and MVP development

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Free consultation from Credits team