Skip to main content

Posts

Showing posts with the label Peer to Peer lending

How Crypto Lending Is Taking Over!

Cryptocurrency lending has been around with us for less than 5 years now. Over these years, we’ve had quite a number of Cryptocurrency lending platform. It’s interesting how in such a less time the lending volume have surged. The total lent so far is estimated to be over $10 Billion. Although we don’t have the exact data, it certainly is way beyond $10Billion. What’s unique about Crypto Lending platform? Let’s be honest, almost every lending institutions are same. But what makes crypto lending different is the fact that you can take Loans at the cheapest rates of as low as 0.5% on MakerDao and 0.70% as per Celcius Network data. This is undoubtedly the cheapest. There is no hassle to take any loan via the lending platforms. While banks need verification and other documents, it is mentally stressful, annoying and time consuming while taking a loan from the banks. Also, there is a waiting period of atleast 2 days for your loan to reflect in your bank account. “ L...