Peer-to-peer banking - Trends in the Living Networks
Trends in the Living Networks
FEBRUARY 13, 2006
The principle is simple – you lend to individuals at interest rates based on their credit rating, and since you’re cutting out the bank as middleman, both lender and depositer get more attractive interest rates than they can get commercially. Banks are the archetypical intermediary, in this case between depositers and lenders.
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