New Short Term Small Business Lender Set to Launch Using Blockchain Technology
The Debitum Network is a short term small business lender that is launching next month. It will offer loans of between €10,000 and €1 million up to six months in duration with all loans being recorded using smart contracts on its own blockchain. Loan decisions will be made in as little as one hour and loans can be funded in any currency. Investors can expect annual returns of 10 to 15 per cent according to the platform. Source.