Summary: Countries like Japan have interest rates around 1%, whereas other countries such as Brazil have rates approximately 50%. Lendoit is providing a decentralized, peer to peer solution for this global problem. People who live these countries who experience a high-interest rate can now receive loans at a fraction of the cost, sourced from people around the world. This system will also benefit the lenders, who can increase the amount in their portfolio at a steady rate. This will all occur on a platform that has no central authority, where rates and loans are governed by the automated smart contract.
