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RE: We will make Banks Compete -- All People Benefit!

in #ethereum • 7 years ago (edited)

You raise a valid point and I agree: DCC will assist small banks. Giving those banks that have a limited reach will boost competitiveness.

It's unlikely that personal loans will be issued via this platform. However, the largest portion of loans are collateralized. This platform can easily support collateralized loans at a cross-border level as assets can be verified and could be claimed in case of default, irrespective of issuing bank's location.

7 years ago in #ethereum by
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     7 years ago 

    It's unlikely that personal loans will be issued via this platform. However, the largest portion of loans are collateralized. This platform can easily support collateralized loans at a cross-border level as assets can be verified and could be claimed in case of default, irrespective of issuing bank's location.

    Very true, it opens up a whole new loan segment to collateralization, and thereby facilitating competitive loan practices.

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