Upcoming Shariah-compliant P2P financing platform aims to be the first to introduce unsecured crypto loan products. One important feature seems to be missing in the ever-expanding crypto credit market, there are still no unsecured crypto loan products. This is primarily due to the issue of enforcement in the event of loan default. Whereas secured loans collateralized by cryptocurrencies can be documented and enforced solely through smart contracts, it is a totally different proposition when it comes to unsecured loans. “Since smart contracts are not recognised as a valid legal agreement in many countries, in order to provide unsecured loan products,
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