SmartCredit Token

SmartCredit.io is developing a decentralized peer-to-peer global lending marketplace by connecting lenders and borrowers without intermediaries. Lenders can offer their funds and borrowers borrow the funds on the global marketplace.

Clients hold their cryptoassets or ERC20 Smart Money tokens locally in their own standard wallets (MyEtherWallet, etc). Borrowers submit their loan requests and lenders place their loan offers. The matching engine then matches loan supply with loan demand. Once a match is identified, the lender can supply ETH for lending and the borrower can borrow ETH.