UNION is a decentralized peer-to-peer lending and financial savings market platform, which connects debtors and lenders from everywhere in the world in a trusted, quick and uncomplicated method leveraging the advantages of Smart Contracts and Blockchain expertise. The platform will function an ecosystem for banked and unbanked people to create and take part in varied decentralized merchandise.
Union gives holistic and revolutionary options, each to satisfy the wants of the debtors and the wants of the lenders, by producing distinctive Smart Reputation Contracts and creating Smart Compensation Fund Contracts that assists lenders to safe their funds. Members can get hold of loans by both cryptocurrencies and partaking in leder's non-discriminatory tenders is carried out straight by Union's supported third-party wallets, utilizing the Smart Loan Contract.
Through the ability of blockchain expertise, Union Incorporates belief and social capital into lending and financial savings course of whereas eliminating the necessity for the "trusted third party". This will drastically cut back the rate of interest of borrowing and as nicely make the method of entry of capital quicker than conventional banking strategies.