The blockchain has added a new twist on things as we all know, and this time the revolution occurs in the lending industry as ETHLend begins to take over the Lending Markets using smart contracts.
The ETHlend coin uses an application where users can lend or borrow ETH or LEND tokens as a form of payment to provide lending services.
It would be a suprise if some of the loan sharks of this world don’t buy into this coin and begin their own form of lending.
The transaction of borrowing and lending occurs directly between the borrower and the seller, whereby they agree upon the terms according to a smart contract.
The coin is trading at 20 cents, and continues to make day over day gains, with some analysts pegging this coin close to 1 dollar by Q2 2018.