CoinFabrik develops the Smart Contracts and Dapps enabling companies and individuals to take advantage of this new type of financial product. Secure loans require an automatic mechanism to handle cryptocurrencies high volatility. For backing up a loan crypto assets need to be sent to a company’s wallet. Nevertheless, the market price of crypto can become significantly lower in just a short period of time. This is why smart contracts play an important role in these new financial applications: they allow the triggering different processes if the price descends below a certain level which can vary from the instant cancelation of the loan to a software-mediated renegotiation of the loan terms. A detailed comparison of different lending applications can be seen in our blog article “Cryptocurrency Backed Lending Platforms”.Contact Us
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