Cred (token LBA) is a financial ecosystem based on blockchain and encrypted digital currency, helping encrypted digital currency users around the world to enjoy various financial services efficiently anytime, anywhere.

Project Vision

The team has established an industry-leading innovative consumer loan company in China. Together with executives from Paypal and Stockpile Inc., they have brought a lot of consumer finance business to the banking industry. Coupled with its own super consulting services, the team is fully capable of gaining a firm foothold in the Asian cryptocurrency loan market.
The team already has a beta version of their product and is nearing release. It is expected that in July 2018, the platform will be ready for clients backed by crypto assets.
Leveraging his experience and network at Paypal, the CEO has established important partnerships with major banks in China, Japan, Korea and Singapore. These banks will provide liquidity for the platform’s loans and allow Libra Credit to issue credit cards to lenders. These partnerships are a testament to CEO Lu Hua's ability to use his influence at Paypal to bring products to market quickly.

Project Highlights

Libra Credit's credit can quickly and securely manage the borrower's KYC identity verification process through the platform's identity verification partner network. The collaborative credit network generates a large amount of credit data every day, and interested parties (such as suppliers, regulators, and financial institutions) can use Libra's anonymous data for data analysis, credit scoring, user behavior monitoring, and other activities. At the same time, Libra will be able to access the credit system of our partners, enabling Libra to continuously improve and enhance my risk control process. Libra's network of partners can access the platform and data through open APIs, which will provide revenue to Libra's community members. On the whole, the business model constructed is reasonable and rigorous, capable of forming a closed loop of business ecology, and both investors and consultants have abundant resources.

Application scenario

Membership
includes platform usage fees and allows borrowers to submit loan applications.
Transactions
Libra Credit fees. For example, a service fee will be charged for each successful transaction.
Rewards
Token rewards awarded to stakeholders in the following cases:
Services - developers who contribute to the development of their services;
Recommendations –
Governance
LBA token holders are comprised of the Libra community that governs the network: Platform Development Planning - Vote on specific projects/proposals to promote Platform technology development.

Related links:
https://www.qukuaiwang.com.cn/szhb/2643.html###

*The above content is organized by YouToCoin official. If reprinted, please indicate the source.