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lba Libra Credit #2099
0.00 USD -5.13% 0.00
DAY RANGE
0.00 0.00
Circulating supply 675M
Total supply 1B
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lba Price

Current Price 0.00 USD
Price Change 24H 0.00 USD
Price Change 24H -5.13%
Price Change 7D 13.56%
Price Change 14D 11.48%
Price Change 30D 17.49%
Price Change 60D 17.80%
Price Change 1Y -63.39%
Market Cap Change 24H -47,077.9
Market Cap Change 24H -5.77%
All time high (ATH) 0.34 USD
ATH Change -99.66%
ATH Date 2018, May 23

lba Markets

OKX
LBA/USDT
Last price: 0.00 USD
Last price: 0.00 USDT
Spread: 0.35%
24H Volume:
12.9K USD
Gate.io
LBA/USDT
Last price: 0.00 USD
Last price: 0.00 USDT
Spread: 1.48%
24H Volume:
13K USD
MEXC Global
LBA/USDT
Last price: 0.00 USD
Last price: 0.00 USDT
Spread: 0.96%
24H Volume:
277.5 USD
YoBit
LBA/BTC
Last price: 0.00 USD
Last price: 0.00 BTC
Spread: 14.29%
24H Volume:
49.5 USD
YoBit
LBA/ETH
Last price: 0.00 USD
Last price: 0.00 ETH
Spread: 73.64%
24H Volume:
0.7 USD
YoBit
LBA/WAVES
Last price: 0.00 USD
Last price: 0.00 WAVES
Spread: 49.50%
24H Volume:
0.3 USD
Gate.io
LBA/ETH
Last price: 0.00 USD
Last price: 0.00 ETH
Spread: 33.24%
24H Volume:
1.7 USD

* Anomaly - Trading price is an outlier against the average

** Inactive - No trades in the last 3 hours

Libra Credit

Libra Credit is a decentralized lending ecosystem that facilitates open access to credit anywhere and anytime based on the Ethereum blockchain. Libra Credit is a global initiative with a mission to provide financial inclusion and lower the cost of financial services. Powered by its proprietary big data, AI-based credit assessment technology and existing global partnership networks, Libra Credit has the expertise and capabilities to realize its mission. Libra Credit aims to offer a seamless digital lending process that can be completed in 5 steps: application, verification and credit assessment, confirmation, collateral deposit, and disbursement. The Libra Credit platform will focus on a dual-credit risk scoring mechanism that considers the creditworthiness of the pledged collateral as well as the credit information of the borrower. Borrowers will be able to pledge any crypto-assets as collateral and receive loans in their desired asset. Using smart contracts and a proprietary collateral valuation and liquidation system, Libra Credit will lock in agreed terms between borrows, lenders, custodians, guarantors and liquidators.

Libra Credit was founded in 2017 and operates out of San Francisco, USA. They are backed by investors such as FBG Capital, GBIC, DHVC, Dekypt Capital, Crypto Parency, and others. Lu Hua, Co-Founder & CEO has experience in the payments, financing, and risk management industries. He was previously the CEO of moKredit, one of China’s top digital credit servicing companies. Lu was also the Head of Core Payments for PayPal China and the Head of Global Banking Platform for PayPal US. Dan Schatt, Co-Founder & COO has previously worked as the Chief Commercial Officer at Stockpile Inc., a leading fintech company, and as General Manager of Financial Innovations at PayPal. Howard Wu, Chief Scientist, he is a blockchain and cryptography expert who is a Founding Partner of Dekrypt Capital, Advisor of Blockchain at Berkeley, and Software Engineer at Google. He advises the project in a technical capacity and has received a Master’s degree in Electrical Engineering and Computer Sciences from UC Berkeley.

There are already quite a few blockchain lending projects, so competition is stiff. Libra Credit’s development progress is rather early compared to its competitors. The crypto-to-crypto lending part seems to be well thought out. However, not so much with the crypto-to-fiat part. According to the roadmap, crypto-to-fiat lending is scheduled to launch in 2018 Q3. With details lacking in the weekly blog update about crypto-to-fiat lending, it is difficult to gauge whether the proposed timeline is reasonable.

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