Libra Credit (LBA) is a decentralized lending ecosystem that
facilitates open access to credit anywhere and anytime based on the Ethereum
blockchain to be developed by Libra Foundation. Global Mission of Libra Foundation is to provide and
facilities “Credit for the Real World”. The team has a track record in building
payments, retail lending and risk management solutions in digital credit
services across Asia.
Lu Hua – Co-Founder & CEO of Libra Credit - Payments,
Financing & Risk Management Expert, which track record in Paypal China head
of core payments, Paypal US head of global banking platform, and CEO of
moKredit; China’s top digital credit service company. Dan Schatt – Co-Founder & President of Libra Foundation -
Fintech and Payments Expert, which track record in General Manager of Financial
Innovations at PayPal and Chief
Commercial Officer at Stockpile Inc.
In
July 2018, Libra Credit (LBA) is aiming to facilitate global coin-to-coin and
coin-to-fiat lending for borrowers. This comes after it completed its ICO of LBA
tokens on 5 May, and in same day Libra Credit (LBA) was listed on four major
exchanges. Today LBA price is $ 0.13511 or 0.00002043 BTC. Libra Credit
(LBA) trading 24H volume by coinmarketcap com on all major exchanges is more
than 3.9 Million USD. Higher trading market volume is on Huobi Pro market. You
can instantly buy or sell Libra Credit
(LBA) on Huobi Pro and trade LBA with pair Bitcoin and Ethereum. Register Huobi Pro Account.
Libra Credit’s Business Model
Key
highlights of Libra Credit business model are as follows:
Extensive
Partnership Network; Collaborating with partners financial market crypto.
That’s major exchanges including Huobi Pro market, LBA trading liquidity from
crypto exchanges while delivering value Libra Credit for our partners. Synergies
with crypto exchanges that’s will provide stable coin, data of price coin from
trading activity in crypto exchange will provide coin with stable value price.
3rd party identity verification providers (e.g. uPort, KYC from crypto
exchange) and financial institutions (e.g. banks), partnership with major
crypto exchanges and bank will provide identity verivication process for
costumer (borrower) Libra Credit. It
will be integrated, secured and managed by Libra Credit Platform.
Proprietary
AI-Based Credit Assessment Framework; Libra Credit will have risk management
technology based AI for assessment credit. AI will provide and service
leveraging a dual-credit assessment framework that considers collateral
viability and borrower credit score. Borrower and lending provider of Libra Credit
will have AI Credit Assessment Framework for controlled assessment and score
credit of borrower. Credit score borrower will according by AI Credit
Assessment Framework.
Flexibility
for Participants; Borrowers will allowing to make loan Crypto-to-fiat without
selling their current crypto asset. Crypto-to-stablecoin loans enabling
borrowers to hedge price volatility without exiting. Crypto-to-crypto lending
allowing borrowers to pledge other alternate tokens for more mainstream crypto
currencies (i.e. BTC / ETH) with better liquidity.
Benefit of Libra Credit
Libra
Credit will facilitate efficient asset exchange and bring in crypto providers,
a separate integration gateway is built to connect the Libra Lending Platform
with exchange network (e.g. Radar Relay and DDEX) and stable coin providers
(e.g. MakerDAO). Libra Credit Platform will use LBA Token. ICO of LBA tokens has been ended on 5 May,
and in same day Libra Credit (LBA) was listed on four major exchange including
Huobi Pro market.
LBA
Tokens is used to pay to access the Libra Credit platform, which allows
borrowers to submit loan application, LBA Token will use for transaction
exchange on the Libra Credit platform, pay transaction fee, payment for
lending, incentive payment, service, referral for other lender, and for
Governance; Token holders constitute the Libra Community which governs the
network by: Platform Development Planning – participating in surveys to provide
feedback on specific projects / proposals to facilitate platform technology
development.
 |
| Source; Libra
Credit Whitepaper |
The
technical infrastructure of Libra Credit comprises of four major components
including: Libra Lending Platform, Partnership Network Access Integration, AI
Credit Assessment Engine and Smart Contract Suites built on Ethereum blockchain
Libra
Credit Decentralised Lending is promised Project. Technology AI-Based Credit
Assessment Framework will give to Crypto Investor to convenient for lending
their Crypto or Fiat. When investor make lending to Libra Credit, investor can leveraging
asset and check their credit score for find information about assessment credit
if want to make loan or lender. Leveraging asset can received by investor by
selected interest ratio of lending provide by Libra Credits Platform. Payment
for borrowed and lender for monthly or weekly to investor wallet according by
interest ratio. Payment will transferred with LBA Token. borrowers or investor can quickly check their
investment with E-Wallet Libra Credit, its available for mobile application.
 |
| Source; Libra Credit Whitepaper |
E-wallet
partners can be used natively by borrowers to store and transfer their
cryptocurrencies and fiat (depending on compatibility) with the best possible
rate the Libra Credit can offer. E-Wallet partners are connected to the Libra
Credit Platform through open APIs governed by one of the smart contract suites
detailed in D. Smart Contract Suites.
For
effectively and faster verivication identity of costumer, Libra Credit
partnership with financial market crypto used API Plug-in with 3rd Party
Identification Data Providers. Third party providers actively support our
Credit Assessment Framework. As shown
below, the LBA-uPort Selective Disclosure Agreement authorizes uPortMobile’s
data request, which is then consolidated with other raw data points collected
by Libra Credit for a holistic credit score.
 |
| Source; Libra Credit Whitepaper |
Libra
Credit announced the receipt of over $16 Million in institutional investment to
Democratize Lending and Bring Liquidity to the Crypto Marketplace. Institutional
investors participating in Libra Credit’s (LBA) private token sale include 500
Startups, DHVC, GBIC, Alphabit Fund, Dekrypt Capital, FBG Capital, DFund,
BlockTower, Signum Capital, 8 Decimal Capital, Crypto Parency and Block VC.
Libra Credit is transforming the lending industry by leveraging its proprietary
credit scoring algorithms with blockchain technology.
“We
are excited to have the support of leading blockchain investment companies such
as 500 Startups, DHVC, GBIC, Alphabit Fund, Dekrypt Capital, FBG Capital,
DFund, BlockTower, Signum Capital, 8 Decimal Capital, Crypto Parency and Block
VC. These valuable partnerships allow us to continue to shape the lending
industry. Our goal is to harness blockchain technology to revolutionize the lending
industry, bringing inclusive financial services to the world.” — Dan Schatt, President of Libra Credit
Lu Hua – Co-Founder & CEO of Libra Credit will be
guest speaker in Huobi Talk. Lu Hua will
insight crypto community about Libra Credit Decentralised Lending Platform.
Explained benefit of Libra Credit, Holder LBA Token and how Libra Credit
Platform will realized integration of lending and loan Crypto to Crypto and
Crypto to Fiat. Huobi Talk episode 35 Libra Credit:Decentralized Lending on Blockchain willlive on Thursday, June 21st, 12pm (GMT+8).
Watch
and share Huobi Talk Live, and you can share and grab to win up to 175,000 LBA
prize pool! When Huobi Talk Live, Ask and Comment with your Huobi UID Account
for share giveaway from Huobi Pro. If
you not have Huobi Pro account, Register New Huobi Pro Account Here. Don’t miss out
and Subscribe Official YouTube Channel Huobi Pro !
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Libra Credit; Facilitating Open Access to Credit Anywhere and Anytime
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2 comments
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