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RE: P2P Lending on Steemit
I wouldnt do it in the U.S. and I would basically copy the already existing P2P bitcoin models.
I wouldnt do it in the U.S. and I would basically copy the already existing P2P bitcoin models.
Some of those Bitcoin P2P models are already struggling due to regulations. BitLendingClub for example closed down citing regulatory pressure. BTCjam had to abandon major markets, locking out users from certain countries. I do think crypto P2P lending will win out in the end, but it's challenging fighting in a domain where the state (and banks) assert control today.