Especially in Europe, the new PDS2 banking directive is on schedule and full steam ahead. Where traditional banking framework and information stores have failed and left the door wide open for countless crime sprees, the introduction of Peer-2-Peer based lending aims to aid in the prevention of crime by eliminating vulnerable third party involvement.
The PDS2 directive and Open Banking Regulation movement is no small thing. The European government has already instituted a first Payment Services Directive. Now, they've officially announced the adoption of a second Payment Services Directive 2 (PDS2) starting in January 2018. The PDS2 and Open Banking Regulations apply to the entire European Union (EU) and European Economic Area (EEA).
• Super Low Interest Rates - Eliminating the "middleman" keeps interest rates at ETHLend super low. Each individual lender sets their own interest rates, as well as custom terms and conditions. ETHLend makes it easy with their high-tech, digitized Smart Contracts!
• Iron-Clad Security - Because ETHLend is primarily a P2P network, the "information trail" stays strictly between the borrower and lender. Traditional loan agreements often involve third parties that leave your sensitive details open to identity theft! ETHLend uses Know-Your-Customer (KYC) and Anti-Money Laundering efforts to ensure the entire loan process remains completely private.
• Zero Country Restrictions -ETHLend believes in creating a democratized system of lending and borrowing. That's why, no matter what country you're from, you'll receive a fair and impartial chance to qualify for a loan.
• Introducing The uPort Identity Tool - The uPort Identity Tool allows you to qualify for an unsecured loan based on your reputation score alone. No collateral needed! Building your Blockchain financial reputation at uPort also opens the door for various other financial opportunities as well. uPort can be used as a Blockchain ID tool across numerous Ethereum based websites.
If you're an active investor, you already know that investing in start-up companies can yield big profits when there's a new technology involved. And just like people who invested in purchasing domain names in "cashed in" on taking a chance doing it, the Ethereum Blockchain is quite a similar opportunity.
Bitcoin uses Blockchain, and people lucky enough to have purchased coins for pennies on the dollar made a lot of money when the price of the Bitcoin skyrocketed. But in the case of ETHLend, the Blockchain powered core has already been established industry wide. Taking advantage of it now makes perfect sense!
No one knew if the Ethereum based Blockchain was going to succeed or fail. Now that Bitcoin has proven that Blockchain core dynamics are "sound" as both an online business framework and "engine", the sky's the limit! And because there are many more lending websites just like ETHLend opening up, investing in ETHLend probably won't make you rich. But it is a solid investment opportunity that will pay for itself and leave you with a nice profit amount.
For more information please check https://about.ethlend.io/ and the Whitepaper.
