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.
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| 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.
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| 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.
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| 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 !
