Topic: [ANN] 💥 LendLedger | Data-driven, Decentralized Lending 🌎 Powered by Stellar ⚡ - page 8. (Read 4269 times)
July 20, 2018, 05:29:02 PM
There are too many closed systems in blockchain. LendLedger will be one of them? Or you will manage to create a solution to easily integrate with other projects, related to lending?
July 20, 2018, 05:25:34 PM
Centralized banking doesn't really work, glad that you have your ideas!
Anyway, banks work this way for a reason. You got to create the whole ecosystem and promote it to the international use to change the things.
July 20, 2018, 04:39:53 PM
Don't know about the small business, individuals have problems for getting a loan as well. Will you provide loans for them too?
July 20, 2018, 03:51:02 PM
What kind of data providers can join the project?
July 20, 2018, 03:44:14 PM
The fact you're using Stellar protocol is amazing!
July 20, 2018, 03:34:12 PM
The informal loans are based on fear (or criminals) or on family relations.What will motivate the borrower to repay the loan in this scheme?
They tell that blockchain itself has solutions for trust July 20, 2018, 03:02:54 PM
Better make a couple more stories for the WP, so that more investors could relate.
July 20, 2018, 02:25:05 PM
Your example from the website is for India. What other countries you focus on?
July 20, 2018, 01:58:17 PM
Many lending projects are very successful in the beginning. The hard thing is to keep the profitability in the long run. If you get it covered, it will be perfect.
July 20, 2018, 01:32:35 PM
I suppose there will be a huge demand on this loans. The only issue is the difficulty to collect the pay back.
July 20, 2018, 12:59:05 PM
It is more Valuable Bounty thanks for it 
Appreciate your patience. Here is our official bounty campaign:
July 20, 2018, 12:57:52 PM
SALT is the big project running already with big funds under management and many users, what is the edge of yours
Thank you so much for your question. Lending gaps for micro, small and medium businesses alone — i.e. the funds that small business owners globally need but aren’t able to borrow — are in the trillions of dollars. We need lots more work than the handful of recent ICOs, and even more than SALT or ETHLend. This credit gap affects a large % of the world’s population, so we should look for solutions within and beyond the crypto community.
July 20, 2018, 12:55:41 PM
That's very interesting. Do you have any prototype or an MVP ready?
Thanks for asking. LendLedger APIs are already being used by Happy Loans in India at a pace of $30m in the coming 12 months. We consider this v0.1 of LendLedger. It’s currently centralized but connects data providers, lenders and borrowers via API.
July 20, 2018, 12:45:25 PM
That's very interesting. Do you have any prototype or an MVP ready?
July 20, 2018, 12:44:44 PM
SALT is the big project running already with big funds under management and many users, what is the edge of yours
July 20, 2018, 12:41:56 PM
"trillion-dollar credit gaps" - that's huge. Where did you get those numbers? 
July 20, 2018, 11:56:21 AM
If you team up or partner with online payment solutions for small business, it may be quite beneficial for the project
July 20, 2018, 11:49:26 AM
By the way, what experience you have in the financial sector?
I read that the team has a fairly large experience in its sector, since it was engaged in financial affairs in many years ago, I think that we can rely on such people because they are responsible for their obligations July 20, 2018, 11:47:55 AM
I have two questions, what you gonna do with unsold token? Are you will be on top exchanges? thank you very much
July 20, 2018, 11:42:19 AM
What kind of digital services may become a proove to get a loan?
Hi ZazaCash. We have defined APIs that allow data providers like payment gateways and networks (e.g. Stripe, Square and their equivalents around the world) to share their data with their users and lenders as a basis for lending. However, some of our partnership discussions are with parties who have APIs for asset-backed and other types of loans. So expect to see LendLedger eventually go beyond powering only data-driven, unsecured loans.
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