4) Peer 2 Peer Lending P2P lending is a form of crowd funding activity where small amounts of money are raised through a large number of people. It will serve as an online platform that matches lenders with the borrowers in order to provide unsecured loans. A fee is charged to both the parties and the fee collected is for services provided like collecting loan repayment and doing preliminary assessment on the trustworthiness of the borrower. During 2015, there were around 20 online P2P lending companies and approximately 30 start-ups in the space of P2P lending in India. 5) Bitcoin Bitcoin is a type of virtual currency in which crypto technology is used to regulate generation and management of units of currency. Being a decentralized currency, the fund transfers promise opportunities in reducing cost and fasten the speed of transactions. 6) Blockchain Blockchain is a distributed ledger technology (DLT) where all bitcoin transactions executed are registered. It thus provides insights about facts like how much value belonged to a particular address at any point in the past.
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