In finance, borrowing and lending are common terms in which a user is being issued an amount of money by individuals, organisations or financial institutions and it usually comes with an interest to be paid over the initial principal amount borrowed over a period of time.
Banks are the major institutions that's usually visited for the collection of loans by individuals and businesses and they usually do so with a lot of terms and conditions being applied. This now makes the collection of loan a very hectic and rigorous process thereby discouraging a lot of potential lenders from having access to loans. Before a bank can offer loan to a business or an individual, they are usually required to provide their work history, bank statements, credit scores and a suitable collateral. If one or two of these requirements aren't satisfied, the potential lenders can be declined from having the loan. Another issue is that most of this banks are very selfish and will make the lending process to favor them by the process of amortization. This means that the banks will charge most of their interest up front during the process of the loan repayment.

There is also the current issue of the traditional financial systems especially the banks where users are being charged exorbitant fees when making wire transfers of money and this process is usually slow and sluggish thereby affecting investment businesses.
With the entry of cryptocurrency and digital currency into our lives, a lot of cryptocurrency users, a lot of users have no job history or credit score or collateral, but have digital currencies. But they cannot offer this digital currencies as collateral as the banks do not accept them. This now makes lending and borrowing for the cryptocurrency user a very impossible process. This necessitated the coming of a blockchain based platform called VIAZ that will forever change the borrowing and lending process.

The VIAZ Platform

The VIAZ is a decentralized application that makes a bridge that connects both the lenders and borrowers of fiat and digital currencies. This platform brings about a space within the blockchain technology that will allow for the interaction of lenders and borrowers. It offers a multitude of services that will ensure the growth of the platform as well as benefit all its users. All the transactions done on the platform will be executed by the VIAZ smart contracts and will ensure transparency as well as efficiency of all transactions done. The platform makes use of the Decentralized Account Identity (DAI) which is a smart contract that allows its users to have full control of an on-chain identity.
Users of the VIAZ platform can offer cryptocurrency as collateral to have access to borrow fiat money or cryptocurrency alike. After pledging their cryptocurrency and having access to the loan, they can pay the loan back within a defined interest rate over a stipulated amount of time.

The VIAZ platform will make use of the Tezos Blockchain and this is a new blockchain that makes use of an efficient consensus mechanism called the delegated proof of stake compared to the proof of work currently used by bitcoin and ethereum. Transactions done here are usually faster and much more efficient as it has a higher degree of scalability as well as liquidity.

When a user opens an account on the VIAZ platform, they are given an automated access to a fiat and a cryptocurrency wallet where they can manage their portfolio flawlessly and independently. They will be able to send and transfer funds securely to one another with so much speed and less transaction fees. This users will have access to a VIAZ debit card issued by partnering banks and can be used on any ATM or POS terminal.

Collecting loans on the VIAZ platform is faster than the traditional banks as users can have access to loan within hours. Repayment on the platform is done in a linear process rather than amortization, thereby the interest is being divided and paid evenly during the duration of the loan.
When signing up on the platform, users are not required to pay any signup fees or no monthly dues but they are being charged a small percentage of the interest in the form of tokens for the maintenance of the platform.

The VIAZ platform will be available on the mobile devices i.e iOS and android operating systems making it accessible to all mobile phone users.

Advantages of the VIAZ Platform

The VIAZ platform came with a revolutionary change that will forever change the loan collection process and its advantages include

• Making the collection of loans easier and faster
• Collection of loans with the use of cryptocurrency as collateral
• Allows users to receive delegation rewards
• Offers periodic airdrops to its users
• Debits cards that allows its users have access to their funds, thereby reducing transfers fees and delay in withdrawals.
• It has occasional reminders that alerts users of their repayment date and status.
• All transactions done on the platform are decentralized and very secure, making it a peer to peer service. Thereby all loan transactions are between the lenders and borrowers with no intervention of third party
• With the VIAZ DAI, users have full control of their on-chain identity
• Finally, with the use of the Tezos blockchain, all transactions done in the platform are usually fast, efficient and secure as it has a high degree of scalability.

VIAZ Token Information

TOKEN NAME: VIAZ

TOKEN SYMBOL: VIAZ

PRICE PER VIAZ TOKEN: $0.0652

NETWORK: TEZOS

TYPE: UTILITY TOKEN

TOTAL SUPPLY: 1.5 BILLION VIAZ

SOFT CAP: $5,000,000

HARD CAP: $30,000,000

VIAZ TOKEN FOR SALE: 525,000,000

ACCEPTED CRYPTOCURRENCY: BITCOIN (BTC), TEZZIES (XTZ) & ETHEREUM (ETH)

KYC: YES

COUNTRY: CAYMAN ISLANDS

Final Thoughts on VIAZ

With the booming use of digital currency and the blockchain technology, a lot of cryptocurrency users usually find it hard to secure funds in order to participate in ICOs and IEOs. But with the coming of VIAZ, it's easy for this users to pledge their cryptocurrency tokens and secure cryptocurrency loans in the shortest time possible with a very fair repayment options. Also this platform has made a bridge between cryptocurrency and fiat currency as they offer a debit card that its users can have access to his or her VIAZ accounts.