Peer-to-peer banking

Peer-to-peer banking is a term used in the blockchain banking industry and designates an act of value transfer without the need for an intermediary such as a bank.

Peer-to-peer banking is an online system that allows individual members to complete financial transactions with one another by using an auction-style process that lets members offer loans for a specific amount and at a specific rate.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.