Blockchain Driven P2P Lending & Investment Platform Announces Crowdsale

Currently, the lending industry has seen a trend away from traditional, inhibitive methods, and are moving towards a model more in tune with the digital age, shifting focus toward an online and P2P lending archetype. P2P lending is a way of borrowing money without the involvement of a traditional financial intermediary, and relies on an online platform to pair participants together utilising objective data around reliability amongst other information.
LoanBit is one of the more unique projects in both the blockchain and lending ecosystems, as it offers a modern solution to an age old problem. LoanBit addresses a plethora of issues within the lending industry, which currently has seen individuals hamstrung in their borrowing capabilities through institutional processes, and focuses on the key concerns of a borrower; security, verification, and safety.
LoanBit offers a unique proposition, in that it is a multi-currency platform, supporting both traditional fiat and crypto currencies. Add to it the integrated exchange available on this P2P lending platform and the worldwide arbitration support, and you have got a winner here.
MVP will be presented in early April.
The ICO for LoanBit is set to go live on in April and will be open for only 60 days. More details about the platform are available within LoanBit’s whitepaper.
Those interested in becoming part of the initiative can prepare themselves for the upcoming launch of crowdsale.