Jean Lievens: Want to Hurt Wall Street? Displace the Lending Industry with BitCoin and P2P Lending!

Advanced Cyber/IO, Civil Society, Commerce, Commercial Intelligence, Ethics, Money
Jean Lievens
Jean Lievens

This bitcoin alternative is a threat to Wall Street

Peer-to-peer loans imperil banks, and cryptocurrencies may finish the job

EXTRACT

Digital currencies circumvent the fees and roadblocks to access that come with traditional financial services. The possibilities, especially in the underdeveloped world, are enormous. As much as $9.6 trillion in assets locked out of the global economy could be freed up, according to the International Monetary Fund.