Bitcoin Press Release – Inspeer, the decentralized lending solution for individuals and small businesses, announces token sale, scheduled for 6 November, 2017.
This is a press release provided by Inspeer.
October 10, 2017, Mahe, Seychelles – Inspeer, one of the few players to recognize the need for revolutionary technology in the financial services industry has opted to introduce additional utilities backed by cryptocurrencies and their underlying blockchain technology. The platform, designed to use cryptocurrency alongside fiat currency for the purpose of peer to peer lending has announced the launch of its upcoming crowdsale campaign.
With the rapid advancement of blockchain technology and a fundamental shift away from traditional lenders being the dominant intermediary in the lending industry, peer to peer lending is gaining momentum as the next evolution in the financial services sector. Inspeer has established expertise in creating online financial services within the lending sector for 3 million users in Russia. With their primary operations located in Russia under the LightFin.ru brand, more than 200,000 loans applications were processed within the first year of platform deployment.
Traditional lending institutions maintain stringent regulatory and loan approval requirements. Consequently, a large portion of the world’s population does not have access to lending services. Immigrants, those without a mandatory minimum credit history, and small businesses within emerging markets are locked out of the traditional financial system. It has resulted in an increasing demand for peer-to-peer lending services.
LightFin provides customers with short-term online loans while also reducing loan approval time to a mere 1.5 minutes. Inspeer uses a high-quality and robust scoring system to provide a safe, transparent, and reliable lending solution for individuals and small businesses. Based on the success within Russia, Inspeer is scaling their peer to…