Having credit today is something that is incredibly important since it is used for most things nowadays, from houses to cars, to credit cards, to loans, etc. Because of this, The Libra Credit was created to facilitate the access to credit anytime, or anywhere. The Libra Credit global partnership will be fully launching in the middle of summer now in 2018. They will be joining the industry with all of their partnership networks, for example, an in-house proprietary AI-based credit model customer acquisition, an e-wallet partnership network, lenders & stablecoin partnership network, an extensive exchange partnership network, and an identity verification partnership network.
The team has already had its history tracked to Asian, still manages to find a way to launch this idea with the purpose of creating credit for the real world. When the company was being created it struggled with some challenges of existing markets, like borrowers and lenders as well as crypto market challenges. In most cases borrowers have some kind of high barriers or even unrecognized personal credit data, they also tend to unsatisfied borrowing experiences or complications when it comes to its procedures, and also most are difficult to cross-border, currency or time-zone. When it comes to its lenders, they wanted to increase most lendings as well as having difficulty with records, and also offer different opportunities when it comes to digital market. When the rise of the crypto-assets occur other challenges take places, like liquidity issues for financial services, or limited applications for lack of general payment.
Even though the global partnership struggled a little bit while it was trying to be created, they didn't give up and pulled through on their breakthrough until Libra Credit was finally launched. The business model's key points are to create an extensive network to completely cover the value chain, created anAI-basedd dual credit that features some kind of collateral assessment, and lastly to create a multiple source of funding. The ICO Libra Credit was created to be made extremely easy for our clients to use and to get started. Once you decide you want to go through with our process, there is a simple application that can be completed online, even from your mobile phone in five quick easy steps. The Application, The Verification & Credit Assessment, Notification & Confirmation, Collateral Deposit, and the final step being the Disbursement.
Within the ICO Libra Credit company also created the LBA token, that will be given for the purposes of membership, transactions, incentives, and governance. Another thing that is extremely important about Libra Credit is the technology of the company and how it compromises 4 big components like the Libra Lending Platform, the Partnership Network Access Integration, the AI Credit Assessment Engine, and last the Smart Contract Suites built on Ethereum blockchain. The blockchain was specifically designed to help create more storage efficiency as well as cost, speed, and other information needed for data loans.
Libra Credit site: https://www.libracredit.io
Libra Credit Whitepaper: https://www.libracredit.io/page/Libra_Credit_Whitepaper.pdf
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