How to Earn Up To 351% APY on BTC With Collateralized Peer-to-Peer Lending
Crypto will disrupt many traditional business models and provide new opportunities we don’t even know about yet. Liquidium.fi is a perfect example of the future of peer-to-peer lending.
Several years ago, I researched peer-to-peer (P2P) lending platforms such as Prosper.com and Lendingclub.com (which no longer offers P2P lending). It seemed like a really poor investment choice because you were loaning people with bad credit your good money for a less-than-ideal interest rate. Or, if they have good credit, you aren’t making that much on your loans. I decided against allocating my funds to these platforms.
One of the biggest problems with traditional online P2P lending platforms is that they rely on a person’s credit score. Banks make billions annually by gouging people with bad credit and giving themselves plenty of padding to ensure they make a lot of money. Why wouldn’t you rather invest in a bank and let them spend the time and hassle researching the creditor and making much more profit?
I am quickly seeing a world where P2P lending will be turned on its head. With tokenization, smart contracts, and the right platforms, P2P lending will be…
