Hello all, I bring you a glad tiding the one that came with succor in bridging such huge void of our financial system. Technology of blockchain is presently disrupting on a larger scale numerous industries. However, the one that is affected mostly is the financial institutions. Banks offers plenty amount of services through wearing a face to create a public perception that they can be trusted and highly reliable, though they are mostly not. The issues that lies with such existing financial organization is not as if is not trustworthy in its discharge of services; but only issues bedeviling such efforts of banks is presence of middlemen activities that nourishes themselves on surcharges and levies they often deducts on their of merchants.
A good number of banking institutions give an interest more or less than 1% but the usual mortgage credit rate is close to 4%; mortgages help make loans available but if such customers default in his/her payment, then banks feed fat on such defaulters through high interest. Unlike in the stone ages where banks services are rare to find, such middlemen fee can be justified due to the fact that it can be a herculean task to find businesses or someone whom you could or loan you money.
Nowadays, advent of digitalization has totally eradicated this common threat. Almost every person is linked on the enormous network that internet has grown to become now, with a fast pace it kept receiving more attention globally. Vena network has now made financial services pretty easy especially as regards lending activities. http://vena.network/en
Vena Network is a decentralized lending platform which helps integrate some sort of frontiers on who can and cannot give out loans. Vena Network restructures a working lending market place in a peer-to-peer ecosystem such that favors both entity which comprises of lenders (banks) and receivers (customers). Vena Nodes are the lenders and it requires of them to keep pledging their VENA tokens so they there will be long term sustainability of the platform.
In view of this, Vena Network in alternative restructures the lending atmosphere that exists globally presently, but however it achieved this success without compromise in its value and changing its network into a centralized body that is commonly found.
Financial loans are multifaceted economic products; this is because banks are not the only playmaker in their lending. Government bodies are regulating those that are qualified to issue financial security to bring to minimal fraud cases. Authorized legal structure are on ground to ensure lending differences are timely resolved, therefore the supremacy law allows virtually all and sundry to behave in a mostly responsible way.
Website: http://vena.network/en
Facebook: https://www.facebook.com/Vena-Network-207271413455484/
Twitter: https://twitter.com/VenaProtocol
Telegram: https://t.me/vena_network
Author: Donass1
Bitcointalk Url: https://bitcointalk.org/index.php?action=profile;u=2084730
Eth Address: 0x4429128EdEe19eBaD7A8970De248319C9329dF4C
