Peer-to-Peer (P2P) Lending

Peer-to-peer (P2P) lending involves the lending of money, crypto, or other assets to individuals or businesses directly through a decentralized online service provider, typically without a centralized intermediary. P2P lending platforms offer services at lower costs and with greater transparency and operational efficiency compared to traditional financial institutions. This results in improved rates and overall service for both lenders and borrowers. P2P lending has gained popularity in the blockchain industry, particularly with the rise of decentralized finance (DeFi).