Reshaping Peer-to-peer Lending with Crypto Assets

Peer-to-peer and marketplace lending had been developing exponentially in the wake of the 2008-2009 financial crisis. Alternative lending platforms, such as Lending Club, Zopa, and Prosper, came as an answer to credit terms tightening. Having less access to affordable loans, while still having huge demand for these kinds of financial services, borrowers needed a new solution. And peer-to-peer lending eventually eliminated the middlemen.

In the meantime, the burst of blockchain technology led to another revolution in fintech. And it seems that these two fintech revolutions have finally found a way to interact and enrich each other, providing new possibilities both to investors and borrowers.
The Bitbond, BTC Jam, and BTC POP platforms were pioneers in the market of crypto lending. From that time forward, it can be clearly seen that blockchain and crypto assets usage in p2p lending is stepping up. The congruence of the proven peer-to-peer lending business model and possibilities of blockchain seems to be a solid base for advanced financial services. What does it mean for investors and borrowers, how does it affect global economy, and how can crypto assets possibly reshape the existing peer-to-peer lending market?

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