Blockchain introduces trust and transparency, enabling an open network for lending data and interactions.
Why blockchain? LendLedger’s real-time record of loan disbursements and repayments mean that reputation—of borrowers, lenders, and data providers—becomes transparent and irrefutable.
This decentralized, standards-driven approach reduces loan origination costs and massively scales up lending—even for small loans.
A Stellar digital asset, LOAN is used by all network participants for fees paid, including issuance and servicing of loans. As the stable currency of accounting on LendLedger’s network, it ensures complete and accurate recording of transactions on the blockchain, creating a transparent system.
Based on an open protocol and blockchain technology, LendLedger connects data providers, lenders, and borrowers for secure, transparent, cost-effective, and innovative interactions.
LendLedger replaces a centralized lending platform with an open and decentralized network. This is possible through LendLedger’s Open APIs and the LOAN digital asset interacting with smart contracts on a blockchain.
LendLedger is changing the face of lending for unserved segments. Our software for data providers and lenders has processed tens of millions of dollars in loan requests for hundreds of thousands of borrowers and resulted in loans to informal and small business borrowers in 400 cities across India. Get in touch at [email protected] as we open up new markets across the world or subscribe to our newsletter.
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