What is Libra Credit (LBA)?

What is Libra Credit (LBA)?

Libra Credit is a decentralized lending ecosystem that facilitates open access with credit anywhere and anytime based on blockchain Ethereum.

Analysis of the traditional credit market and the crypto market, Libra Credit raised the following issues:

With traditional credit markets:

1. Records lack transparency
2. Lending has many lengthy, complex paperwork
3. Can not get the loan right
4. Incorrect costs can be up to 10% of total loans

With the crypto market

1. The altcoin lack of liquidity


2. With Libra Credit users can get legal and pre-encrypted loans by working with financial and crypto partners. In addition, the versatile Libra Credit allows users to obtain a cash loan by pledging or converting altcoin to stablecoin at a rate that is favorable to them.
3. It is difficult to convert the coded currencies into traditional asset classes such as gold, stocks, real estate ...
4. Missing payment method devices.
5. High volatility and little guarantee.
   
   
   

Extensive Partnership Networks

• Collaborating with partners in both crypto and financial markets
• Synergistic partnerships with crypto exchanges, stablecoin providers (e.g. Maker DAO), third-party identity verification data providers (e.g. uPort) and licensed financial institutions (e.g. banks, asset managers)
• Reinforcing Libra Credit while delivering value for our partners

Flexibility for Participants

• Crypto-to-fiat loan allowing collateralization of cryptocurrencies to spend fiat without sacrificing their current crypto position
• Crypto-to-stablecoin loans enabling borrowers to hedge price volatilities without exiting the market
• Crypto-to-crypto lending allowing borrowers to pledge other alternate tokens for more mainstream crypto currencies (i.e. BTC / ETH) with better liquidity

Proprietary AI-based Credit Assessment Framework

• In-house risk management technology which has been deployed in China and the ASEAN market successfully
• Pioneer in digital credit service who leverages a dual-credit assessment framework
• Considering both the viability of the pledged collateral and the credit scoring of the individual borrower

For more about information, please visit https://libracredit.io/