A New Era of Lending: Blockchain Based Loans

Current Issue Without a history of credit, it is nearly impossible to receive a loan from traditional financial institutions. Banks typically heavily weigh someone’s credit score in assessing whether to issue a loan and in calculating the potential interest rate for said loan. If someone has no credit history then they have few alternatives for increasing their personal capital. Loans allow people to purchase homes, cars, start businesses, and many other features that increase a person’s standard of living. This post explores how crypto companies are introducing a new way of providing loans and banking services; a method that is…...