Alternative Underwriting Is Helping New Lenders Reach First-time Borrowers

Courtesy of Thought Catalog

PREMIUM — New entrants in the lending field are using alternative means — cryptocurrency-backed loans to “social credit,” a measure of the strength of your social connections — to offer credit to the underbanked. Cryptocurrency HODLers and miners will soon be able to use their assets as collateral for fiat currency loans with Cereal, a Moscow-based …Read More

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