A New Era of Lending: Blockchain Based Loans

4 min read

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…...

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Igor Davidov Fascinated with all things crypto-related since finding out about it mid 2017. Was entering my second year of law school at the time of discovering crypto. My passion only grew during that time and now, post-graduation, I am transitioning to working full time in the space.