Cred LBA to Quasarcoin QAC Exchange

Crypto Pair Details: LBA to QAC

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.

Quasarcoin QAC

Quasar Coin 'Fair travel' is also referred to as 'good travel' as a concept derived from fair trade, in which producers and consumers form a comparable relationship. It has been promoted in European and other English-speaking countries since the 2000s to reflect the environmental pollution, destruction of civilization and waste caused by the trips, and to give a little help to the residents of difficult countries. We want to build a platform in which travelers, hotels, restaurants and stores around the world can mutually satisfy each other through fair trade. Technically, we have built up an advanced reputation system based on a block chain, a simple payment system in the form of a credit card, various APIs, an instant transaction system to minimize the variability of cryptocurrency, In business, it provides discounts through discounted quasar cards and eliminates anxiety factors by using proven companies, and provides companies with promotional effects and sales increase within the Quasar platform. Quasar Coin has adopted the bit coin platform, which has been proven to be safe as the first cryptocurrency, and applied Light Coin to reduce block time for quick settlement in daily transactions. In addition, for smooth block mining, it solves the difficulty-bomb problem which intentionally raises difficulty to make it difficult to mine. Since the development of the quasar coin has already been completed, the project team has focused on the development of the related infrastructure system in order to activate the transaction of the cryptocurrency. Quasar Card Quasar cards are the easiest payment method for users who are familiar with using credit cards when paying by quasar coin, and can be paid by various methods such as QR code, IC chip and NFC according to the status of the receiving terminal of the company. By combining the unique hash codes given by the system when issuing the card based on the public key, illegal settlement is prevented so that it can only be used with the public key Smart Wallet In general, mobile wallet offers three basic functions, sending coins, receiving coins and transaction records. Quasar's Smart Wallet can provide search for businesses, view reputation, write reviews, reserve / pay when needed as an advanced for of smart wallet. Business In general, mobile wallet offers three basic functions, sending coins, receiving coins and transaction records. Quasar's Smart Wallet can provide search for businesses, view reputation, write reviews, reserve / pay when needed as an advanced for of smart wallet.

SOURCE: COINGECKO

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