The ABLE project has been proposed to provide an alternative to banks’ conventional lending- deposit spread structure, and to solve problems with initial cryptocurrency banking services.
ABLE is a project for integrating financial services into blockchain technology with smart contracts managing all cryptocurrency assets. ABLE accounts will be very versatile allowing for financing, investment, and micropayments. These services will all be available on a single platform.
ABLE Project’s Goal is to establish a blockchain based financial platform,
from banking to mutual funds.
ABLE Project will provide a cryptocurrency financing platform to meet
both the supply-side and the demand-side.
ABLE aims to improve upon this lending system so that both borrowers and lenders receive a better deal by removing the middle man. They will use a matching engine to bring together borrowers and investors for peer to peer transactions. This will eliminate the deposit-lending spread, so all parties will benefit from the deal. Interest rates will be mutually agreed upon between both parties. The loans will utilize smart contracts on blockchain.
A decentralized exchange is also planned for development by ABLE for storing smart contracts. This will create an environment for developers to create and offer a number of financial products. By using a variety of smart contract templates, users can create various investment products and services. This can be achieved without coding knowledge and all products will be available with a users ABLE account.
The core objective of The ABLE project:
- Overcoming the shortcomings of unrealized media bank form.
- Reduce intermediary costs between the borrower and the lender.
- Financial transparency, financial security, convenience in loan transactions and loans.
- The ABLE project aims to improve accessibility for the general public to easily use institutionalgrade products with low service charges and high returns on investments, as well as low lending rates, by utilizing the benefits of blockchain technology....
There are many interesting things from the project, we will learn more through the following links:
https://www.able-project.io/en/index.php?lang=en
Whitepaper: https://www.able-project.io/data/AB_whitePaper_Eng_180502.pdf
Telegram: https://t.me/ABLE_Project_EN
Announcements: https://bitcointalk.org/index.php?topic=3159298.msg32659058#msg32659058
Bounty: https://bitcointalk.org/index.php?topic=4450204.0
by the author: Redwater2018
My bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1787818