Don’t miss the latest developments in business and finance.

Leading P2P platform Taurus Coin commences global lending

Image
ANI Bengaluru (Karnataka) [India]
Last Updated : Nov 20 2017 | 4:57 PM IST

A breakthrough digital solution related to money transaction. Taurus Coin is a type of digital cash that you can use to make your payment or any money transaction whenever and wherever you travel. By using Taurus Coin, your e-commerce business, private payments, your online business, your retailing store can speed up its money transaction with both clients and suppliers, therefore, which allows you to save money and even boost your business growth. That's a first for any P2P marketplace anywhere in the world, and testament to the quality of its product, processes and people.

Taurus Coin promoters are bullish to quote that this will turn lending upside down and compete head-to-head with the banks in the personal loan and term investment categories.

United Kingdom's leading peer-to-peer crypto currency lender Taurus Coin launched its online lending marketplace with USD 150M lending capital, bringing the world's fastest growing form of lending to the South-East Asia, Gulf, Africa, Europe, and India investors.

Internationally, peer to peer lending is an established form of investment, currently growing at more than 200 percent per annum, and has been described as "banking without the banks". It is an increasingly popular form of crowd funding that is changing the way that people borrow and invest. In the United Kingdom, the UK Government is the largest funder of P2P loans.

With our transparent low margin model, investors, for the first time, can access retail rates of return and a brand-new asset class. Designed for investors seeking fixed rate/fixed term returns from the banks and 'prime' credit worthy borrowers looking for sharper interest rates, our mission is to shake up the market and offer better value to both sides of the lending transaction.

With automated processes and no branch network to maintain, peer-to-peer lenders can pass savings on and still maintain a healthy operating margin.

Also Read

"Investors have the potential to benefit enormously from this asset class, which for the first time is available to retailer investors. We couldn't be more excited to lead the charge, shaking up the market with a competitive and technologically advanced investment and lending platform," said the Taurus Promoters.

Taurus Coin has an experienced management team, and a Board and Advisory Board with outstanding financial experience and entrepreneurial credentials that will help to guide the company's performance as it builds awareness of peer to peer lending in the United Kingdom and launches internationally.

After pre-launch sale ends, an internal trading exchange will be live so that you can buy and sell your Taurus Coin. This is the time that you could earn a great profit; you could either hold your coins for lending and staking or sell it to earn profit.

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Nov 20 2017 | 4:57 PM IST

Next Story