Cryptocurrency Q&A
What is the difference between P2P and bank?
What is the difference between P2P and bank?
Carolina
Fri Jan 17 2025
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5 answers
1299
I want to understand the difference between peer-to-peer lending, where individuals lend and borrow money from each other, and traditional banking, where a financial institution acts as an intermediary for loans and deposits.
5 answers
Margherita
Sun Jan 19 2025
P2P platforms operate by matching investors who are willing to lend money with borrowers seeking to obtain a loan.
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CryptoVisionary
Sun Jan 19 2025
Peer-to-peer (P2P) lending platforms and traditional lenders share a common ground in offering online loans.
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CryptoLord
Sun Jan 19 2025
The fundamental distinction lies in how these two entities facilitate lending.
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Tommaso
Sat Jan 18 2025
This connection enables individuals to directly lend and borrow funds without the involvement of a traditional financial institution.
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CryptoNerd
Sat Jan 18 2025
On the other hand, traditional lenders utilize their own capital to fund loans directly to borrowers.
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