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.
Source: Reshaping Peer-to-peer Lending with Crypto Assets