- Impact
- 18,365
The Problem:
Today those offering digital collateral lending have no competition: The result is that the interest rates they are proposing is higher every year. Furthermore, the lack of competition has led them to lend only when liquid digital assets are put as collateral. And if this was not enough, they rarely finance over 10% of the potential end-user value. Basically they take ZERO RISK and want MAXIMUM PROFIT!
The Solution:
Lend.me feels that it is simply time to open digital collateral lending to the masses:
The solution is to offer a platform that allows peer-to-peer collateral lending, and letting the magic of healthy competition do the rest.
In addition, Lend.me would like to help borrowers who don't own "Liquid" digital assets succeed in getting a loan and also be able to get more money than the wholesale value of their asset: There are honest hard working people who need cash advances, who don't own liquid assets to put as collateral. Nevertheless, they own assets that have high value to themselves. Assets they "Cannot" lose for many reasons. If these borrowers explain in a convincing way, why they would be able to pay their loan back, then there is no reason why some lenders should not consider lending them the money, especially in light of the fact that there is low risk and fair profit rates involved for them.
This is the reason that Lend.me asks in the loan request form that the borrower explain his project or need, why he wants the money, and how he plans to make the money to pay the loan back. Lend.me aims to make the lending process more human and to establish a first relationship of "Trust" with potential lenders.
On the other hand, if someone has some savings sleeping in a bank, earning a ridiculously low interest rate, then by lending money out to Lend.me borrowing members, they will certainly make more, with limited risk and at the end, they will feel good about helping honest hard working people succeed in their endeavors.
www.Lend.Me - Get a loan with your domains.
Note: This was originally a paid ad. NamePros posted this thread on behalf of Lend.me.
Today those offering digital collateral lending have no competition: The result is that the interest rates they are proposing is higher every year. Furthermore, the lack of competition has led them to lend only when liquid digital assets are put as collateral. And if this was not enough, they rarely finance over 10% of the potential end-user value. Basically they take ZERO RISK and want MAXIMUM PROFIT!
The Solution:
Lend.me feels that it is simply time to open digital collateral lending to the masses:
The solution is to offer a platform that allows peer-to-peer collateral lending, and letting the magic of healthy competition do the rest.
In addition, Lend.me would like to help borrowers who don't own "Liquid" digital assets succeed in getting a loan and also be able to get more money than the wholesale value of their asset: There are honest hard working people who need cash advances, who don't own liquid assets to put as collateral. Nevertheless, they own assets that have high value to themselves. Assets they "Cannot" lose for many reasons. If these borrowers explain in a convincing way, why they would be able to pay their loan back, then there is no reason why some lenders should not consider lending them the money, especially in light of the fact that there is low risk and fair profit rates involved for them.
This is the reason that Lend.me asks in the loan request form that the borrower explain his project or need, why he wants the money, and how he plans to make the money to pay the loan back. Lend.me aims to make the lending process more human and to establish a first relationship of "Trust" with potential lenders.
On the other hand, if someone has some savings sleeping in a bank, earning a ridiculously low interest rate, then by lending money out to Lend.me borrowing members, they will certainly make more, with limited risk and at the end, they will feel good about helping honest hard working people succeed in their endeavors.
www.Lend.Me - Get a loan with your domains.
Note: This was originally a paid ad. NamePros posted this thread on behalf of Lend.me.
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