About Libra Credit:
Libra Credit is a decentralized lending ecosystem that facilitates open access to credit anywhere and anytime based on the Ethereum blockchain. Global lending is expected to grow at 14% over the next five years driven by a rise in digital ecosystems and technology disruption which makes lending to more than two billion under-banked population a closer reality for Libra Credit. Lu Hua, the co-founder and CEO of Libra Credit, was a senior executive in Paypal (Head of Core Payments for PayPal China and Head of Global Banking Platform for Paypal US). He has also a strong entrepreneurship experience since he has built a loan company in China (moKredit) with 30M users. Dan Schatt, also a co-founder, was also a top executive of Paypal as General Manager of Financial Innovations, and has also experience in fintech companies, and is the author of *Virtual Banking*. LBA, or Libra Credit’s token, was listed on four major exchanges on the same day, with Huobi Pro (https://www.huobi.br.com/en-us/topic/invited/?invite_code=da523) being one of them.
Libra Credit’s business model, backed by a team wants to build a decentralized lending ecosystem, includes:
* A network of partnerships with institutional investors, private investors and stablecoins
* An AI-based credit assessment framework
* Implementation of various operations such as crypto to fiat loans, crypto to crypto loans, crypto to stable coin loans, and so much more
Libra Credit vs Competitors:
The big difference between competitors in the space is that Libra Credit accepts other crypto currencies such as Bitcoin as collateral for the loan. MakerDAO only accepts ETH. Also with Libra you can borrow another cryptocurrency or fiat, where as with Maker you can only borrow DAI. Libra Credit also has a credit and risk assessment step, which then allows for a better collateral-to-loan ratio. 125% is mentioned in the whitepaper, where as I believe the best MakerDAO gives is 150%, so you're literally getting a higher value loan for the same collateral.
Libra Credit will be launched in July 2018 with crypto-to-crypto and crypto-to-fiat lending underpinned by its industry-leading credit management capability and four distinctive partnership networks forming a world-class lending ecosystem that encompasses:
* In-house Proprietary AI-based Credit Model;
* Customer Acquisition & E-Wallet Partnership Network to drive adoption;
* Lenders & Stablecoin Partnership Network to drive liquidity;
* Extensive Exchange Partnership Network to minimize default;
* Identity Verification Partnership Network to expedite KYC & a verification process
Benefits of Libra Credit:
When you consider all the benefits of Libra Credit, these quickly come to mind:
* Libra CEO has already built a loan company in China (moKredit) with 30 million users.
* Libra already has 50 people working full time on the project.
* Working MVP: http://www.libracredit.io/loan (http://www.libracredit.io/loan) where you can take out a loan right now.
* The project has well-connected Chinese financial backers who should ensure a quick exchange listing and market making.
* ICO whitelist had to close early due to high demand.
Moreover, Libra Credit recently received over $16M USD in institutional investments. In Q32018, Libra Credit Platform (Desktop version) will be launched for crypto-to-crypto/fiat lending and the Libra Credit mobile app will be launched in Q42018. Other digital asset-to-crypto/fiat lending enabled with extended partnership networks will take place in 2019 and finally Digital/financial/physical asset-to crypto/fiat lending enabled with global partnership networks will begin in 2020.
Huobi Talk This Thursday:
Finally, Huobi Talk is the #1 Talk Show that gives its viewers insights into the world of cryptocurrencies and blockchain technologies. Huobi Talk is a live broadcast held from 12pm to 2pm (GMT+8) every Thursday on YouTube (https://www.youtube.com/channel/UCABkgL5rRAk61E2Qtjtqcxw). Huobi Talk falls under the Huobi Group which is the leading global cryptocurrency exchange and Blockchain asset financial service provider, consisting of Huobi Pro, Huobi OTC, Huobi Autonomous Digital Asset Exchange (HADAX), Huobi Pro, Huobi China, and Huobi Mining Pool. Huobi Global currently has offices in Singapore, the United States, Japan, Korea, and Hong Kong. This week, Huobi Talk will host Lu Hua so you don’t want to miss this. LBA is currently listed on Huobi Pro (https://www.huobi.br.com/en-us/topic/invited/?invite_code=da523) and could be purchased within minutes! What are you waiting for?
You can also find Huobi online at:
Website: https://www.huobi.pro/ (https://www.huobi.pro/)
Twitter: https://twitter.com/Huobi_Pro (https://twitter.com/Huobi_Pro)
YouTube: https://www.youtube.com/channel/UCABkgL5rRAk61E2Qtjtqcxw/featured (https://www.youtube.com/channel/UCABkgL5rRAk61E2Qtjtqcxw/featured)
Instagram: https://www.instagram.com/huobipro/ (https://www.instagram.com/huobipro/)
Topic: Huobi Talk to Host Lu Hua, CEO of Libra Credit (Read 111 times)
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