BlockchainFinancial ServicesMarket

Shift.cash Enables Property to be Used as Collateral for Loans

SHIFT.cash is a specialized platform for providing loans which are secured by cars. It is joined by car dealers, credit brokers, microfinance organizations, consumer credit cooperatives and other partner organizations from different regions. Having connected to the system, users can provide loans to their customers in unlimited amounts and at a lower interest rate: the platform helps to reduce processing costs and thereby offer loan conditions typically 20-60% better than the market average, depending on the region. Funds for loans are formed by contributors who receive their commission from each loan.

With SHIFT.cash, parties benefit in different ways: borrowers to get the right amount secured by the pledge of their vehicles from anywhere in the world via a mobile offer; contributors – to make with real collateral in the form of movable property. An ICO for the project launched on the 5th of February.

 

READ MORE OF THE ARTICLE AT CHAIN-FINANCE.COM

Based near Windsor, England, Matthew Warner is an enthusiast for innovative, cutting edge technologies. He is a B.Eng. graduate in engineering with honors from the University of Warwick and also holds an PGCE in education degree. Matthew is a member of Mensa.
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