Due to stringent requirements and lengthy approval processes, traditional loans can feel out of reach for many. However, a modern solution – a P2P lending platform, can change the game. It directly links you with a community of ordinary investors eager to support your financial requirements.
However, in an increasingly competitive market, P2P lending platforms must continually enhance their efficiency and scalability to remain viable. This blog delves into the inner workings of P2P lending, explores the transformative potential of Layer 2 blockchains, and equips you with the knowledge to navigate this exciting financial frontier.
Let’s start with exploring the basics:-