Everything looks really good. But don't you think this project is going to challenge the banking systems? And they have been established since ages. No government would like a new blockchain project to interfere in their banking system.
In a way, yes it will challenge the banking systems but also in others absolutely not. The average joe who knows nothing about decntralised and blockchain isn't going to seek a solution like LendsBay.
Sorry can you be little more clear in your answer
I think he means that the majority of people who would be using this are ones already involved in the crypto scene. The average person on the street is not going to go through the hassle of learning about blockchain when they have banks and other existing solutions in place.
Yeah i totally agree with you on this. But imagine someone sees the benefit of this. He/She would definitely like to understand if all the mentioned benefits are feasible. This would lead to a lot of competition for banks. I believe there is a fair chance that banks would not like this.
Rest I total agree with you
Just like crypto having a go at banks, if LendsBay successfully implement this project. And it gains a wide range of community who are satisfied with the service of the project, the banks will really be affected.
They will have no option but to make better their service in a view to equal what lendsbay is offering. That competition will really be a nice experience cause we all will be at that benefiting end.
