Crowd Lending, also known as Peer to Peer Lending, is available on tagcash to either request loans or to lend to others.
When creating a Loan, you set the amount of interest you want to offer. It is then up to the Lender to decide if the risk is worth it.
Loan requests can be unsecured or secured with collateral. Any amount up to 10 million Pesos per year per person or per company can be requested.
Collateral can be in the form of cryptocurrency (Bitcoin or Ethereum only at the moment), Share Tokens (untokenized companies can request to tokenize part of their company to make this possible) or Tokenized Real Estate, in which case we would tokenize the entire real estate item and allocate shares to be given to lenders should the loan not be paid back on time. In both the last cases, real company shares or property titles would be held in escrow by a registered transfer Agent or Trustee. In the case of sale of the company or property, any tokens outstanding would be paid out first, pro rata, before any remaining funds paid to the owner.
Tagcash uses Multichain.com open source software (a fork of Bitcoin Core). Anyone can connect to the chain, create wallets, store, send and receive tokens, which means you can also store your tokens externally to Tagcash and transfer as you want, in the same way as transferring and receiving Bitcoin. However, in the case of Share Tokens or Real Estate Tkens, whoever you transfer to must be KYC Verified or allowed to own them.
This service is regulated by the SEC in the Philippines, where the securities issued are exempted for 10m PHP raised per year, per company or individual.
Tagcash is a digital wallet developer and platform, building blockchain solutions on Distributed Ledger Technology. Tagcash is regulated by the central bank of the Philippines (BSP), and is authorised as an Electronic Money Issuer (EMI) - https://tagcash.com/emi.pdf