The LoanBit: How We Provide Security to Our Valuable Investors?

in #news6 years ago

LoanBit is an innovative idea of bringing the investors and borrowers closer in a trustworthy mechanism so both can mutually benefit each other in the most unexpected circumstances. This online platform will provide opportunities to borrowers to get their desired amount of money without getting involved in long procedures of applying for loan in banks or other financial institutions and to wait for approval for weeks or even months. On the other end, investors can invest their money in a safe and secure way as we are trying our best to incorporate maximum security tools with our system.

Interaction via online platforms while investing your money includes huge risk factors and the team of LoanBit is well aware of concerns of the parties and participants involved in the cycle. So we have combined the best possible security options, both in terms of the system software and tolls, and cooperation options between the lenders and investors. We are ensuring the investors about the safety of their financial assets they are investing in our system. Following tools have been developed and incorporated to make the LoanBit system trustworthy enough for the investors and stakeholders.

  1. Uncompromised verification process of the borrower and the loan application he will put in system to attain desired amount of money. Scammers are using different ways of frauds and cheating options so, the team of LoanBit had to incorporate some additional verification options other than the traditional ones. Individuals or organizations, interested in lending money, need to verify themselves via SMS, voice answer back options and video confirmation along with the details and documents he/they provided on their loan application. Only after that, they will be able to get access to investors to borrow amount they require. Fingerprint scan is the advanced option while working with a borrower accessing our online system via mobile application. Moreover, LoanBit system will, itself, review the loan application before passing them on to investors to avoid unnecessary applications to be sent to investors.

  2. Induction of Safety Fund has been introduced to make the investors free of tension from the investments they have made. The Safety Fund will provide partial insurance to investors in case of any loss or fraud. This innovative idea has drawn the attention of stakeholders and investors around the globe as we will partial payback to them if any transaction goes wrong or they lend money to some scammer or unfair person or organization.

  3. Cooperation with International Arbitration to solve disputes, if any. LoanBit has signed agreements with multiple arbitrages from different parts of the world which are going to pay their role in case of any loss or dispute. They will try to repay the loan if the borrower refuses or any investor violates the terms and conditions finalized at the time of lending money. In this regard, we intend to owe a company in Switzerland and aim to have branches of this company in Singapore, Hong Kong, San Francisco and Frankfurt (https://indd.adobe.com/view/38df3e7f-7bcd-407b-80aa-f2b19b82c571).

Note: ICO (Initial Coin Offering) is live now and will remain open till 24th December 2017 (https://ico.loanbit.org/).

loanbit.jpg

Website: https://ico.loanbit.org/
Whitepaper: https://drive.google.com/file/d/0B3qM_RijnP27Yy1YUXQ5c2NFRTQ/view?usp=sharing
Bounty thread: https://bitcointalk.org/index.php?topic=2255733
Bitcointalk.org username: mwaqar17
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1148618

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