decentralised borrowing
this is a completely revolutionary idea - i really hope it catches on
"In a very similar format to eBay, Zopa wants to create a place where people who want to loan money can connect with credit worthy people who want to borrow money. So if you want to want make like 5.5% on $4000 you have hanging around you can use Zopa to ‘list’ your money availability and Zopa has tiered credit level users who can borrow your cash at a pre-determined rate. Without trying to explain it too much, you can loan your cash to higher-risk borrowers for higher returns or go with a safer borrower and get a little less return. Basically it’s totally decentralizing banking from a borrower’s standpoint."
"In a very similar format to eBay, Zopa wants to create a place where people who want to loan money can connect with credit worthy people who want to borrow money. So if you want to want make like 5.5% on $4000 you have hanging around you can use Zopa to ‘list’ your money availability and Zopa has tiered credit level users who can borrow your cash at a pre-determined rate. Without trying to explain it too much, you can loan your cash to higher-risk borrowers for higher returns or go with a safer borrower and get a little less return. Basically it’s totally decentralizing banking from a borrower’s standpoint."