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Cryptocurrency revolution is transforming the financial sector, the section is highly monopolized by centralized commercial banks that have used the power vested upon them to enrich themselves, the banking system has abused the privileges given to them by charging high interests when borrowing and lending money from the banks. The interest is coupled with high transaction fees that are transferred directly to the community.
The cryptocurrency revolution is transforming this industry by allowing peer to peer borrowing and lending services to be practiced in a decentralized industry through their own tokenized economies to reduce the transaction fees allowing small micro payments to happen at a very high transaction speed, this decentralized environment has no borders and allows a global market to penetrate for start-ups targeting the markets.
One of the projects using this feature to allow autonomous lending and borrowing in a peer to peer environment is bit money. Bit money projects allows blockchain backed loans to be processed in a secure environment automatically using smart contracts and transparency is ensured in a distributed ledger technology for transparency reasons. TO access a peer to peer loan the screening process in minimum compared to traditional banking systems, the only thing needed is collateral to protect the lender against risks that might arise during the lending and borrowing process.
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The platform is governed by masternodes that protects the network and maintains it, masternodes are a secure governance system and offer passive income opportunities to investors, bitmoney platform economy has its coins (BIT) which allows the governance of the network through masternodes and also provide opportunity to tokenize the network allowing micro-payment of fees used in the bitmoney platform.
Investors can purchase a masternode of 70,000 BIT (Collateral) during the presale at a cost of 0.5BTC, the presale targets to raise 10BTC that will be used for the development of the platform.
For more information please check the platform website and social medial pages below:
Website : https://getbitmoney.us/
ANN Thread : https://bitcointalk.org/index.php?topic=4701011
Telegram : https://t.me/bit_money_official
Disputes : https://discord.me/getbitmoney
Facebook : https://facebook.com/getbitmoney
Twitter : https://twitter.com/getbitmoney
Purse : https://getbitmoney.us/wallets.html
GitHub : https://github.com/bitmoneygroup/bitmoney
Road map: https://getbitmoney.us/#roadmap
Whitepaper: https://getbitmoney.us/whitepaper.html
explorer: http://173.199.119.128:7777/
Author: jamesndungu1
BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1856049