FINWHALEX, A PEER TO PEER LENDING PLATFORM.

Peer- to peer lending is one of the best ways out there to invest, my all-time favorite actually. The main reason I’m invested in p2p lending is that apart from being really innovative, it gives me impressive returns on my money. Of course, there is the fear of losing your hard-earned money when people refuse to return your money, which is normal, but in this article, I am going to show the good side of peer-to-peer lending and clear all doubts from your head. Because with the revolutionary digital wave that is gradually taking over the globe with time, it's important to get on board, ASAP!

So, what really is peer-to-peer lending?

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P2p basically involves lending your money to borrowers who are applying for loans and in return, they repay the money with interests on the money you are lending to them. There are numerous peer-to-peer lending platforms out there but in this article, I'm going to tell you all about a potentially incredible platform called FinwhaleX. But before that, let's take a look at possible risks with peer-to-peer lending.

The platforms that offer p2p lending services could possibly go bankrupt or even more scary, be potential scams.

There is no guarantee that the person to whom you are lending the money will pay you back for sure.

Finally, your money is basically stuck in loans as soon as you invest. While this is inevitably true, there is the option of investing in short term loans at first.

But worry not people, there is a potentially remarkable platform as I mentioned earlier, FinwhaleX. This is a p2p crypto-fiat lending platform that provides access to loans anywhere and at any time.

Here is how FinwhaleX works.

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When creating your loan application, you, the borrower, set the parameters at your preferred choice that is in terms of amount, interest rate, period, etc. It is recommended that you evaluate the parameters of previous applications as the lenders choose the most profitable applications. Even better, you can be able to choose when to place your loan application with collateral. When you are placing your application, you are required to pay a transaction fee in the amount of 0.5 percent of the loan amount in regards to the loan period.

The second step is where the creditor accepts your loan application. All Creditors assure to fulfill their obligations for the accepted applications. After the lender accepts your application, the Finwhalex system will then generate a unique multisig-address where your collateral, which in this case is your bitcoins, will be stored until the loan period ends. Each party on finwhalex owns only one private key for the multisig address. The concept of multi-signature guarantees that no person is able to access the collateral with just one private key.

The final step is where you now return the borrowed money within the terms of the loan period. After you have successfully repaid the loan, you get to automatically return the deposit to yourself.No one can access or use your bitcoins until the loan is repaid. In fact, they are frozen in a special wallet. Also, you cannot return the loan if it's not favorable to you, in terms of profits. However, if the rate of the bitcoin has not risen or fell, then you can refuse to repay the loan and in such a case, the collateral simply goes to the lender and then your loan obligations are repaid.

Conclusions

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P2p has great returns. Usually, you get above 7 percent of annual yield and on some platforms, the yields are even above 12 percent. This, compared to other types of investments is very favorable.

It's also a passive investment as you don’t have to spend so many hours of your time managing it. With peer-to-peer, you have to do some work at the start to find good platforms but then after that, every other thing is automated.
P2p lending is also manageable online. You can open the account, deposit the money, invest and get your returns all at the comfort of your home.

This type of investment is really easy to diversify. You can invest from very low sums and its super easy to diversify your investments across numerous loans and platforms.

Peer-to-peer lending is indeed a great, modern method of investing your money. It's convenient as you don’t even have to spend so many hours managing it. I would highly recommend having peer-to-peer lending as a part of any investment portfolio. Own your future with FinwhaleX.