Blockchain offered the world a new model for a p2p economy, introducing free global trade without intermediaries and reliable storage of value without the fear of seizure or account freeze by regulators. Along with this new paradigm of money arrived a new paradigm of fundraising. The so-called ICO (initial coin offerings) gave businesses easy and global access to investor money and provided investors themselves with endless opportunities.
Italy, the world’s number 4 as far as the use of blockchain technology is concerned, still needs more blockchain implementation. The epoch of energy, innovation and digitalization is contributing a fundamental transformation.
Digital currencies have gained much momentum globally, including in South America. The World Bank recently issued a report and indicated that only 49% of adults in S. America have access to banks. Overall, it is difficult to create a new bank account since it involves multiple processes (bureaucracy) and weighty maintenance costs.
Humancoin is a new massive cryptocurrency fuelled by the Proof of Charity mining protocol (which allows to scale it thousands of times). It is also a breakthrough blockchain project, which unites philanthropists and recipients of funds on a single platform in the most convenient and transparent way possible.
RAD Lending is announcing it’s Pre-ICO, the RAD tokens will be available to all investors, including U.S. accredited investors. The proposed RAD products include a p2p crypto-secured lending platform with revenue profit sharing, a crypto-backed card with a credit limit, digital credit scoring and credit history, and a potential decentralized blockchain-agnostic escrow service for managing security deposit across various blockchains.
Security has to be the number one concern for anyone trading cryptocurrencies. Other features are important too – ease of use, low or zero fees and functionality – but security has to rank highest of all features. After all, it’s no good having an easy path into trading if the threat of hacking or scams looms high.
Cryptocurrency finance is considered the future of Fintech and a viable alternative to the conventional banking system. P2P finance and lending is a part of this amazing development as it allows investors to leverage their money directly to borrowers with safe backing and cushioning of risks involved. But, while the idea is incredibly useful for the future, it has not been transformed into a practical system as of yet. Many startups are competing and it is resulting in a movement toward an ideal P2P system of banking.