FinWhaleX - Peer-to-Peer Lending on The New level

renampun (44)in #blockchain • 5 years ago

ABSTRACT

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Today many lending platforms offer a variety of financial solutions to the public. These platforms offer very attractive interest to creditors and borrowers.

Experts say that in the future lending platforms will be needed by many companies to develop, hence the lending industry has the potential to grow in the future.

But traditional lending platforms often burden users with the difficulty of getting a loan. And if the user has a bad credit record, certainly, he will not get a loan.

Therefore P2P lending appears. P2P lending solves problems regarding the difficulty of obtaining loans, complicated processes, and other issues related to lending platforms.

The world's first P2P credit platform, Zopa, was launched in 2005 in the United Kingdom, and since then, the P2P platform has achieved tremendous growth and has become a broad global industry. This is not surprising, because it can provide 2 billion loans to the world without having to connect to banks.

With the large growth of P2P lending platforms, experts state that peer-to-peer lending markets will reach 460 billion USD by 2022, increasing by an average of 51.5% per year.

P2P LENDING

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FinWhaleX is a peer-to-peer crypto-fiat lending platform that allows users to get loans anytime and anywhere. Since its establishment, FinWhaleX has 14,000 users spread across various countries and will continue to grow.

FinWhaleX allows borrowers to get loans with bad credit history. This is something that users might not get when using traditional lending platforms related to banks. This is possible because FinWhaleX is not related to any bank, which limits users with complicated regulations.

The interest offered by FinWhaleX is low compared to any financial institution, so borrowers can get loans without worrying about interest.

For investors, FinWhaleX offers higher interest rates than bank deposits, so investors can enjoy more returns.

Investors also do not need to worry about their money, because the risk of losing money is very little due to collateral.

And, investors can choose who they want to lend money to. Thus investors can assess and first determine which borrowers are suitable for them.

Besides investors and borrowers, FinWhaleX also allows token holders to benefit from the lending market. Token holders can get stable profit regardless of the economic and political situation, the possibility to resell tokens at higher prices in the future, and have the opportunity to participate in markets with huge potential and high dividends.

Changes The Conditions Of The Financial Market

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Liquidity provider: Simplified cryptocurrency trading process and made it more profitable for each side of the process.
Virtual cards: Digital assets are connected to virtual cards in the application, they can be calculated in 40+ million terminals around the world.
Mobile app: Work with the platform is carried out via a smartphone without the need to issue paper requests.
FinWhaleX works around the world: The platform is not limited to one region, it is available for use in different countries.
Justification: Registered in Singapore, obey laws and monitor compliance with international standards to prevent illegal activities.
Ease of use: Currency conversion is performed within the platform, enabling borrowers and lenders to use their preferred currency.

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CONCLUSION

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At this time, the need for loans is an important thing for someone to get. Whether it's for business, education, even online games. But regulations and processes often make people uncomfortable using the lending platform.