I would certainly explore the possibility of lending too with the platform coming live around June too as a form of test, I'd like to be able to do that with ease, Is their an app built plan?
I would certainly look forward to borrow some. I cannot lend on my own. Nevertheless it would be very interesting to check how this whole platform works. Waiting for testing.
I am also interested in borrowing money, I hope I will find people here who offer money for very less interest. LendsBay platform would be interesting one and I am sure many people wants to try their beta version.
I am very interested in lending some money. And I'll probably try it on the LendsBay platform. But only after a beta test.
I probably will not get rich from the interest, but maybe I can help somebody and get some tokens for that
You will have the ability to lend without interest too; I would imagine that would be the most attractive for lenders. I am not sure what terms that would have but I think to also have that option is great too esp. for friends and family.
yes, maybe i'll try the platform first with a friend before lending money to a stranger. Then of course without interest :-)
I'm curious how the loan-platform will look. Probably we see a number of providers with the interest rates and from these the interested parties can select. That could lead to very low interest rates
Yea, they have a lot of tools to help create a friendly environment for users such as the tools that will help access borrower's risk level, i believe that will be part of the yardstick to go about using the platform, so those with a higher level of risk ratings potentially signifies a red flag, i also think starting with people of similar interest that you know like friends and families will be good till one gets really acquainted with the platform
Yeah, I agree with you it'd be wise to start lending to close pals before extending lending to strangers. This'll surely build trust and give folks the confidence to get involve.
Good point. I will not lend money to Stanger until I have full faith in this platform. Start with friends, known person and if everything works fine then go with Stanger.