Cred LBA to Next.exchange NEXT Exchange

Crypto Pair Details: LBA to NEXT

Cred LBA

Libra Credit is a decentralized lending ecosystem that facilitates open access to credit anywhere and anytime based on the Ethereum blockchain. Libra Credit is a global initiative with a mission to provide financial inclusion and lower the cost of financial services. Powered by its proprietary big data, AI-based credit assessment technology and existing global partnership networks, Libra Credit has the expertise and capabilities to realize its mission. Libra Credit aims to offer a seamless digital lending process that can be completed in 5 steps: application, verification and credit assessment, confirmation, collateral deposit, and disbursement. The Libra Credit platform will focus on a dual-credit risk scoring mechanism that considers the creditworthiness of the pledged collateral as well as the credit information of the borrower. Borrowers will be able to pledge any crypto-assets as collateral and receive loans in their desired asset. Using smart contracts and a proprietary collateral valuation and liquidation system, Libra Credit will lock in agreed terms between borrows, lenders, custodians, guarantors and liquidators. Libra Credit was founded in 2017 and operates out of San Francisco, USA. They are backed by investors such as FBG Capital, GBIC, DHVC, Dekypt Capital, Crypto Parency, and others. Lu Hua, Co-Founder & CEO has experience in the payments, financing, and risk management industries. He was previously the CEO of moKredit, one of China’s top digital credit servicing companies. Lu was also the Head of Core Payments for PayPal China and the Head of Global Banking Platform for PayPal US. Dan Schatt, Co-Founder & COO has previously worked as the Chief Commercial Officer at Stockpile Inc., a leading fintech company, and as General Manager of Financial Innovations at PayPal. Howard Wu, Chief Scientist, he is a blockchain and cryptography expert who is a Founding Partner of Dekrypt Capital, Advisor of Blockchain at Berkeley, and Software Engineer at Google. He advises the project in a technical capacity and has received a Master’s degree in Electrical Engineering and Computer Sciences from UC Berkeley. There are already quite a few blockchain lending projects, so competition is stiff. Libra Credit’s development progress is rather early compared to its competitors. The crypto-to-crypto lending part seems to be well thought out. However, not so much with the crypto-to-fiat part. According to the roadmap, crypto-to-fiat lending is scheduled to launch in 2018 Q3. With details lacking in the weekly blog update about crypto-to-fiat lending, it is difficult to gauge whether the proposed timeline is reasonable.

Next.exchange NEXT

NEXT.coin is a public company registered in the Netherlands, as well as a Limited company in England and Wales. Our team is composed of highly experienced individuals and successful entrepreneurs. In 2017, together as a team of young pioneers, we developed a hybrid cryptocurrency exchange platform, NEXT.exchange. Our platform provides individual Blockchain wallet addresses for each user for his or her assets, the ability to deposit, withdraw, and trade cryptocurrencies directly against fiat currencies, such as the United States Dollar, Euro, British Pound, Turkish Lira, Russian Rubles, and the Chinese Yuan. Our goal is to make it 'easy and safe' to trade cryptocurrencies on a convenient user-friendly interface that connects social, company information and in-depth analyses to make it as simple as possible for our users to join the digital economy. Together with our legal team and advisors, we are taking all of the necessary steps and measures in order to operate as a regulatory compliant hybrid exchange platform, as well as to maintain appropriate KYC/AML policies.

SOURCE: COINGECKO

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