Inspeer Successfully Reaches Soft Cap for Its Blockchain-based P2P Lending Service

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by Eugenia Kovaliova · 2 min read
Inspeer Successfully Reaches Soft Cap for Its Blockchain-based P2P Lending Service
Photo: Inspeer

Inspeer, a peer-to-peer lending service that works with both cryptocurrency and fiat, has announced its $2 million soft cap goal to be successfully achieved.

Online peer-to-peer blockchain-based lending platform, Inspeer, is proud to announce that it has successfully surpassed its $2 million soft cap target. The achievement will enable the company to create a web-based platform version, issue virtual cards to its user base, port and release iOS and Android versions of the platform, and offer their lending services to  Russian and Estonian residents.

Inspeer is now progressing towards its second milestone, which will facilitate further platform development for both crypto and fiat lending services. As Denis Kabanets, CEO at Inspeer, has commented:

“As we get closer to our hard cap, we are going to be able to provide our future users with more and more services that extend the coverage of the Inspeer platform. As soon as our $30M hard cap is reached, we will be able to develop a lending system that services small and medium-sized businesses, in addition to individual users. We will also integrate a crowdfunding platform into our product lineup.”

Peer-to-peer lending is revolutionizing capital accessibility for Small and Medium-scale Enterprises (SME), by eliminating the clog associated with traditional lending infrastructures. The elimination of financial institutions as intermediaries and the establishment of direct channels of exchanges has greatly simplified the acquisition of capital for project development.

However, after the financial crisis, which occured in 2008 – 2009, banks have made it harder for individuals and businesses to acquire loans, tightening requirements for borrowers and making an already cumbersome process even more complicated.

Despite the disintermediation of services, online p2p lending services have plagued by scam and fraud accusations, as well as an opaque system that lacks in transparency and accountability. Inspeer is set to make a revolution in the industry.

The company  has been developed with a unique legal system powered by smart contracts for full transparency, auditability and security. Users will be able to securely lend both fiat and cryptos to borrowers and be sure that the pre-agreed terms will be fulfilled.

Celebrating the soft cap milestone, Inspeer has announced new bonuses for contributors. The company is offering 5% bonus to all the participants until the official end of the ICO campaign, and 5% additional bonus to everyone, whose early contributions have been left without any reward.

Tokens can be purchased using Bitcoin, fiat, and over 40 different altcoins. A full list of accepted payment methods can be found on Inspeer’s official website. The ICO is scheduled to end on February 19, 2018.


Blockchain News, News, Token Sales
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