{"id":251408,"date":"2023-07-24T14:19:33","date_gmt":"2023-07-24T14:19:33","guid":{"rendered":"https:\/\/imarticus.org\/?p=251408"},"modified":"2024-04-02T05:56:43","modified_gmt":"2024-04-02T05:56:43","slug":"peer-to-peer-p2p-lending-and-crowdfunding-platforms","status":"publish","type":"post","link":"https:\/\/imarticus.org\/blog\/peer-to-peer-p2p-lending-and-crowdfunding-platforms\/","title":{"rendered":"Peer-to-Peer (P2P) Lending and Crowdfunding Platforms"},"content":{"rendered":"

Platforms for peer-to-peer (P2P) lending and crowdfunding significantly changed how people borrow and invest money. In this clause, we will explore the concepts of P2P loaning and crowdfunding, and realise how financial technology, <\/span>cloud computing<\/span>, and blockchain technology play a significant role in defining these platforms.<\/span><\/p>\n

How does Peer-to-Peer (P2P) Lending Work?<\/strong><\/h2>\n

Explanation of Peer-to-Peer Lending<\/strong><\/h3>\n

People can borrow money from one another through peer-to-peer lending, sometimes referred to as social lending, without utilising conventional banking institutions. In a P2P lending platform, borrowers make loan listings specifying the amount they need and the involvement rate they are very willing to pay. Then, investors may pursue these listings and decide to finance the loans that correspond to their investment objectives.<\/span><\/p>\n

Benefits of Peer-to-Peer Lending<\/strong><\/h2>\n