Peer to peer lending and borrowing in the cryptocurrency industry is growing at an alarming rate, this has been brought about by projects such as bitmoney who are just facilitating lenders and borrowers to interact in a secure platform. The platform users will be able to lend assets to one another in a secure environment protected by masternodes governing the system.
Bitmoney platform WILL NOT LEND OR BORROW MONEY to its users, The platform will allow lenders to LEND their assets to borrowers in exchange of an interest agreed between the parties using smart contracts and the transaction recorded on the blockchain, borrowers will need a collateral in order to access borrowing opportunities in the platform – this method of operation will protect the parties involved and the integrity of the transactions taking place in the platform.
BORROWING STEPS.
The borrower will need to register on the platform here:
The second steps involve the user verifying his identity in a simple plausable process.
The third step the borrower will need to create an order requesting a loan based on his collateral and requirements.
The foruth steps involves the processing of the loan automatically using a smart contract.
The fifth step involves the activation of the loans
After the loan is activated the borrower will receive his requested loan.
Bitmoney an innovative peer to peer lending platform is opening its doors to investors through masternodes investments and currently a masternode requires a collateral of 70,000 BIT Coins at a cost of 0.5BTC per masternode.
For more information please check the platform website and social medial pages below:
Website : https://getbitmoney.us/
ANN Thread : https://bitcointalk.org/index.php?topic=4701011
Telegram : https://t.me/bit_money_official
Disputes : https://discord.me/getbitmoney
Facebook : https://facebook.com/getbitmoney
Twitter : https://twitter.com/getbitmoney
Purse : https://getbitmoney.us/wallets.html
GitHub : https://github.com/bitmoneygroup/bitmoney
Road map: https://getbitmoney.us/#roadmap
Whitepaper: https://getbitmoney.us/whitepaper.html
explorer: http://173.199.119.128:7777/
Author: jamesndungu1
BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1856049