P2P Investment Loan Platform Enters Blockchain Sector with ICO Launch


Advertisement
This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release.

Fast Invest is excited to announce the launch of its native cryptocurrency token (FIT) during their upcoming ICO on December 4th. The FinTech company has been operating since 2015 in the investment loan space, connecting funders with loan-seekers in a peer-to-peer exchange. With more than 8,500 daily users from 36 countries, Fast Invest is expanding into the largely unoccupied cryptocurrency lending sector.

Blockchain-based cryptocurrencies have been rapidly in 2017, racking up a seventeen times (at the time of this press release) increase in market capitalization since the beginning of 2017.  As these financial technologies mature new opportunities arise, especially for unbanked and underbanked populations. This is because digital currencies allow for the exchange of value without the need for central banks or other intermediaries. Fast Invest aims to leverage these developments to democratize investment by allowing people to invest as little as one dollar on their loan platform. This enables users to band together to crowdfund a loan that gets paid back with interest, which can then generate returns for the loan suppliers.

In what may be a first for the industry, Fast Invest will allow users to use their bitcoin or ethereum as collateral for loans in traditional currencies. Due to the nature of smart contracts, loans like this can be executed with very little human input and all parties can be sure that the terms of the loan will be carried out. This is because smart contracts utilize code and mathematics to enforce agreements without the need for human intervention.

By expanding to cryptocurrency-based investment instruments the company aims to reduce friction in the world of P2P investment and loan services. These offerings include a cryptocurrency exchange, digital wallet for holding tokens, cryptocurrency investment services, decentralized lending, and a payment card that can be funded by cryptocurrencies but used like a credit card.

CEO Simona Vaitkune had this to say:

“From the very beginning our mission is to help people generate secure and stable passive income stream and achieve their financial freedom. I am delighted that we are expanding our platform to a new infrastructure of the blockchain. This will enable our customers use both fiat and crypto currencies for daily banking operations. The future of digital banking is almost here and we are ready to meet it.”

For More Information:

Webpage: https://fastinvest.com/en/ico

Twitter: https://twitter.com/FASTINVEST_COM

Facebook: https://www.facebook.com/fastinvest/

LinkedIn: https://www.linkedin.com/company/20889829/

Medium: https://medium.com/@fastinvest

Telegram: https://t.me/joinchat/HQ8U2xFlDDyYN1WVF6YO9g

You may be interested

Alibaba and Microsoft AIs Outperform Humans in Reading Test
AI
shares24 views
AI
shares24 views

Alibaba and Microsoft AIs Outperform Humans in Reading Test

Brian Evans - Jan 16, 2018

Machine learning is one of the more interesting industries to keep an eye on right now. Various technology giants have shown a great interest in this technology,…

Most of the World’s Biggest Cryptocurrencies Are Down Today
Bitcoin
shares32 views
Bitcoin
shares32 views

Most of the World’s Biggest Cryptocurrencies Are Down Today

Brian Evans - Jan 16, 2018

The top 20 cryptocurrencies by market capitalization are all down today in excess of 10 percent, market data reveals. According to CoinMarketCap.com, those cryptocurrencies have fallen by…

Dallas Mavericks to Accept Bitcoin ‘Next Season,’ Says Owner Mark Cuban
Accepts Bitcoin
shares31 views
Accepts Bitcoin
shares31 views

Dallas Mavericks to Accept Bitcoin ‘Next Season,’ Says Owner Mark Cuban

Brian Evans - Jan 16, 2018

Advertisement Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month.Dallas Mavericks owner Mark Cuban said that the NBA team will accept bitcoin beginning…

Most from this category

%d bloggers like this: