Innovative P2P Platform LendPal: A New Phenomenon in the Cryptocurrency World
05 Agosto 2024 - 3:30PM
The innovative P2P platform LendPal is, without exaggeration,
a new phenomenon in the world of cryptocurrencies, establishing a
separate segment in the crypto-lending market. The terms of
transactions in this segment will depend solely on the supply and
demand ratio of lenders and borrowers who are LendPal clients.
Unlike existing crypto-lending services, which directly mimic
traditional banking, the P2P platform LendPal allows any individual
from the global community to engage in financial interactions with
any other individual for creating a loan agreement.
On the LendPal platform, any individual or legal entity with
temporarily free funds can lend them under the security of highly
liquid cryptocurrency assets on their own terms and receive a
reward. Likewise, any individual or legal entity in need of
borrowing funds and owning highly volatile crypto assets that they
do not plan to part with can get a loan on their own terms.
The opportunity to participate in the LendPal lending market is
limited solely by access to the Internet.
LendPal P2P platform clients can choose offers from other users.
If there are offers that meet their needs, transactions are
conducted. If such offers are not available at the moment, clients
can submit their own offers, which will be instantly accessible to
other clients.
LendPal Platform:
- Creates custodial wallets (suitable for daily payments) for
clients, into which crypto assets designated for lending and
collateral are received and stored.
- Formalizes the relationships between borrowers and
lenders.
- Controls the fulfillment of obligations under agreements.
- In case of non-fulfillment of obligations by the borrower,
realizes the collateral and settles the debt according to the terms
agreed upon by the parties to the agreement.
In the era of globalization, the spread of horizontal
connections is an irreversible and inevitable process that
encompasses all spheres of life. We observe the development of this
process in the financial sector, particularly in the field of
crypto-lending.
The LendPal project corresponds to this trend by creating a
reliable and transparent tool for ensuring financial interactions
between people, which should be duly appreciated.
Disclaimer: The information provided in
this press release is not a solicitation for investment, nor is it
intended as investment advice, financial advice, or trading advice.
It is strongly recommended you practice due diligence, including
consultation with a professional financial advisor, before
investing in or trading cryptocurrency and securities.
Evgeniy Semenenko
info(at)lendpal.io