Credit and Lending

The main function of the bank is to finance funds from people with surplus funds (depositors) and to provide loans to the deficit unit which is the people (borrowers) who need money to meet their needs. The reason banks finance is to earn money. Banks accept deposits and pay interest on those deposits. A bank can not pay interest if there is no way to raise income sources or profits to the bank. In addition to paying interest, banks also need employees, shareholders and society.

The banking industry in a modern sense has developed in the 14th century, the prosperous city of the Italian Renaissance, but in many ways it began with the continuation of the concept of credit and loans in the ancient world. In the history of the banking industry, a number of bank dynasties, in particular the families of Medicis, Fuga, Wales, Berenberg, Rothschild have played a central role for centuries. The oldest surviving retail bank is Banca Monte dei Paschi di Siena and the oldest surviving commercial bank is Berenberg Bank.

LIBRA CREDIT is a distributed global loan network that can open credits anytime and anywhere. Established by former PayPal's technology and financial experts, Libra Credit is the leader in the loan industry, centered on block chain technology. Using a distributed loan intelligence agreement, Libra Credit allows borrowers to choose between two types of loan sects. Stable encryption currency or equality currency. Libra Credit revolutionizes the financing industry by blending the power of a mature global financing network, diverse entrepreneurial leadership team, and block chain technology.

Libra Credit takes over 16 million dollar democratized loans and brings liquidity to the encryption market

Loan business: The loan business depends on credit scores to determine the issuance of loans and interest rates. Bloom is perfect for these businesses. Loan companies can use BLT to check someone's credit history, verify their identity, participate in network development and update. Non-loan applications: Like traditional credit scores, Bloom offers discounts for non-loan applications. Examples include reduction of registered fraud, creation of distributed reputation, permission to identify and evaluate fraud risk on a global scale, and so on. These companies can pay for the BLT needed to generate BloomID on their behalf to reduce friction and improve security. Alternatively, you can use BLT to check specific identification functions after registration.

GetLine is a peer-to-peer financing platform based on Ethereum, which enables untrusted credit scores, barrier-free loans, simple loans. Point-to-point (p2p) loans are borrowing schemes that provide the ability to borrow money to individuals or companies through online services or to eliminate the need for traditional financial institutions. It eliminates process intermediaries. This type of service has grown rapidly in recent years. In GetLine, we all aim to fill the gap between lenders and borrowers from various social networks and to reduce the default risk of loans in these categories. Our platform opens up new opportunities by extending crowdsourcing to unfamiliar borrowers and lenders. Our goal is to expand and diversify the P2P loan market.