Libra Credit; THE ULTIMATE LENDING PLATFORM

Lending in its most general sense is the temporary giving of money or property to another person with the expectation that it will be repaid.
What is a 'Lender'
A lender is an individual, a public or private group, or a financial institution that makes funds available to another with the expectation that the funds will be repaid. Repayment will include the payment of any interest or fees. Repayment may occur in increments (as in monthly mortgage payment) or as a lump sum.

Today I bring to you a new lending platform named Libra Credit. This platform actually cuts the disadvantages we faced when we try to apply for loan from traditional lenders such as Banks and Credit Facilities etc. Whereby we undergo rigorous processes just to apply and get approved of your desired loan. The good news is you can borrow your desired loan amount from anywhere and anywhere around the globe interestingly you can use your cryptocurrency as collateral. Isn't this great?
For years cryptocurrency and blockchain technology has stood it ground but has never been accepted as a true asset and collateral for loan application by financial institutions. Well a game changing platform is here Libra Credit
WHAT IS LIBRA CREDIT?
Libra Credit is a decentralized lending ecosystem that will facilitate open access to credit based on the Ethereum blockchain anytime and anywhere.The platform wil be launched with ;

1. Crypto-to-fiat loan feature allowing collateralization of cryptocurrencies to spend fiat without sacrificing their current crypto position
2. Crypto-to-crypto lending feature allowing borrowers to pledge other alternate tokens for more mainstream crypto currencies (i.e. BTC / ETH) with better liquidity.

Thereby forming a world class lending ecosystem that encompasses:

1. In-house proprietary AI-based credit models
2. Customer acquisition & E-wallet partnership
3. Lenders & stable-coin partnership to drive liquidity
4. Extensive exchange partnership network
5. Identity verification partnership network
   

Libra Credit is launched with the mission to provide “Credit for the Real World”. Devoted to the provision of credit anywhere and anytime, Libra Foundation will build a secure, convenient and globally inclusive financial services ecosystem.
How the ecosystem will look like

LIBRA CREDIT PLATFORM
The Libra Credit Platform focuses on a dual-credit risk scoring mechanism that takes into account both the creditworthiness of the pledged collateral, as well as the individual credit information of the borrower. Borrowers may pledge any crypto-assets as collateral and receive loans in their desired asset. Through smart contracts and their own proprietary collateral valuation and liquidation system, Libra Credit will lock in agreed terms between borrowers, lenders, custodians, guarantors and liquidators. The platform pulls together an ecosystem of four different types of partnership networks, as outlined below:

1. CUSTOMER ACQUISITION AND E-WALLET PARTNERSHIP NETWORK
2. IDENTITY VERIFICATION PARTNERSHIP NETWORK
3. LENDER & STABLECOIN PARTNERSHIP NETWORK
4. EXCHANGE & CUSTODIAN PARTNERSHIP NETWORK

Libra Credit offers a quick and seamless digital lending process that can be completed online or in a mobile application in five easy steps. All steps are contained in the image below

The Libra Lending Platform is a front end user interface allowing token holders to access the
network through their mobile application. A developed mobile application is already in testing to
facilitate crypto-to-crypto loans. Below is a screenshot of the user interface

THE TOKEN
Use case of the Libra Credit tokens, which will be distributed after the token sale;

1. Membership
2. Transactions
3. Incentives
4. Governance

Project name: Libra Credit
Token symbol: LBA
Total Supply: 1 000 000 000
ERC20 token: Yes

THE TEAM
Libra Credit was founded in 2017 and operates out of San Francisco, USA. They are backed by investors such as FBG Capital, GBIC, DHVC, Dekypt Capital, Crypto Parency, and others.

view the rest of the team by clicking on this link:https://www.libracredit.io

THE ROADMAP

THE INVESTORS
As published on the website below is a list of the active investors.

For more information the below links should help;
Website: https://www.libracredit.io
Whitepaper: https://www.libracredit.io/page/Libra_Credit_Whitepaper.pdf
Twitter link: https://twitter.com/LibraCredit
Telegram link: https://t.me/libraofficial
LinkedIn profile link: https://www.linkedin.com/company/18560125/
Medium link: https://medium.com/libracredit

Author's Name: PhilMovs
Author's Email: [email protected]