RATE Group | Inlock launches blockchain-powered lending for cryptocurrency holders
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Inlock launches blockchain-powered lending for cryptocurrency holders

01 Aug Inlock launches blockchain-powered lending for cryptocurrency holders

Posted at 12:25h in Cryptocurrency News by

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One of the most prevalent blockchain use cases is the application of distributed ledger technology, and the associated tokens created through ICOs and token-generation events, to the world of finance.

Inlock today announced the global launch of its platform that matches licensed lenders with borrowers. Basically, Inlock pairs those with cryptocurrency holdings with those who want to borrow. In fact, Inlock lets licensed lenders compete for borrowers.

Products such as Inlock are a natural fit within a decentralized blockchain world and are indicative of how distributed ledger technologies can help the unbanked, and those with no access to credit.

“The advancement of developing countries is greatly limited by the complicated nature of current lending procedures,” Inlock CEO and founder Csaba Csabai told me. “Lending platforms similar to Inlock, built on an open blockchain, provide easily accessible development loans while helping locals adopt cryptocurrencies by…

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