Libra credit proves to be one of the most the most useful blockchain projects of 2018.
The project adopts the blockchain technology to solve existing problems of the unfair, stressful traditional credit systems.
libra credit is developed by the libra foundation which understands the value of hassle free, real-time and simple access to credits.
This platform is developed to solve the problem of traditional lenders who does not address future customer needs to give credit when and where they need it and customers being able to leverage emerging crypto asset classes as collaterals.
The traditional lending system is helplessly very slow, bound by geographic regions, stressful to process, completely centralized, has long cycle times and increased cost of capital.
Libra credit is a decentralized lending ecosystem which facilitates open and easy access to credit any where and anytime built on the Ethereum blockchain.
Libra credits gives flexiblity for participants, and hence provides
Crypto-to-fiat loan: This allows collateralization or staking of cryptocurrencies to spend/use fiat without sacrificing their current crypto position. This feature helps crypto enthusiasts to spend are in need of fiat but own cryptocurrency to solve this need and will claim be able to claim staked crypto when agreements are met.
Crypto-to-stablecoin loans: This enables borrowers to hedge price volatilities without exiting the market, with the availability of stable coins volatility can be avoided to make necessary financial decisions.
Crypto-to-crypto lending: allowing borrowers to pledge other alternate tokens for more mainstream crypto currencies with better liquidity.
Libra credit is already making huge progress as long as their road map its concerned,
In Q4 of 2017 the idea was initiated by the foundation, leading to the LBA Token Sale & Token Activation in Q2 2018.
More into Q3 of 2018, the foundation aims to luanch Libra Credit platform (desktop version) launched for crypto-to-cryto/fiat lending, and by Q4 the mobile app launched.
Libra credit has picked up a big problem and brought solution to it, now anybody, anywhere can give or take credits easily.
It is now clear how disruptive the Libra Credit platform is to the traditional Credit markets.