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Benzinga
Benzinga
Business
Brian Pasfield

Looking into Blockchain Loans: Do They Stand a Chance to Become a Viable Option for Businesses

Raising funds is one of the biggest issues for nascent projects across DeFi. As the competition for investors’ funds grows, it becomes a challenge for them to attract attention and get their much-needed cash flow for development — which, in its turn, stalls the creation of viable systems and products that can offer unique value to people. 

Given the vastly lacking regulation in the field of cryptocurrencies and the lack of understanding of DeFi workings by banks, it would seem a rather impractical idea to take a fiat loan to, for example, build a decentralized protocol facilitating the peer-to-peer exchange of funds. In this scenario, using decentralized systems would be a more viable option.

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