Peer-to-Peer Lending (AKA P2P Loans or Crowdlending) Explained in One Minute
Peer-to-peer lending (sometimes referred to as P2P lending or crowdlending) is basically an alternative to "traditional" banking or in other words, a way for you to borrow from or lend to peers directly.
There is of course a peer-to-peer lending platform that always takes its cut but still, you're practically eliminating an important middle man (the bank) from the equation with peer-to-peer loans.
Will peer-to-peer lending replace banking? Unlikely, at least for the time being.
Are however P2P loans an interesting alternative? Most definitely and all in all, it's clear to absolutely everyone that crowdlending is here to stay.
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There is of course a peer-to-peer lending platform that always takes its cut but still, you're practically eliminating an important middle man (the bank) from the equation with peer-to-peer loans.
Will peer-to-peer lending replace banking? Unlikely, at least for the time being.
Are however P2P loans an interesting alternative? Most definitely and all in all, it's clear to absolutely everyone that crowdlending is here to stay.
Please like, comment and subscribe if you've enjoyed this video.
To support the channel, give me a minute (see what I did there?) of your time by visiting OneMinuteEconomics.com and reading my message.
Bitcoin donations can be sent to 1AFYgM8Cmiiu5HjcXaP5aS1fEBJ5n3VDck and PayPal donations to [email protected], any and all support is greatly appreciated!
Oh and I've also started playing around with Patreon, my link is:
Patreon: oneminuteeconomics
Interested in reading a good book?
My first book, Wealth Management 2.0 (through which I do my best to help people manage their wealth properly, whether we're talking about someone who has a huge amount of money at his disposal or someone who is still living paycheck to paycheck), can be bought using the links below:
Amazon - https://www.amazon.com/Wealth-Managem...
Barnes & Noble - http://www.barnesandnoble.com/w/wealt...
iBooks (Apple) - https://itun.es/us/wYSveb.l
Kobo - https://store.kobobooks.com/en-us/ebo...
My second book, the Wall Street Journal and USA Today bestseller The Age of Anomaly (through which I help people prepare for financial calamities and become more financially resilient in general), can be bought using the links below.
Amazon - https://www.amazon.com/Age-Anomaly-Sp...
Barnes & Noble - https://www.barnesandnoble.com/w/the-...
iBooks (Apple) - https://itunes.apple.com/us/book/age-...
Kobo - https://www.kobo.com/ww/en/ebook/the-...
Last but not least, if you'd like to follow me on social media, use one of the links below:
Facebook: oneminuteeconomics
Twitter: andreipolgar
LinkedIn: andrei-polgar-9a11a561
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