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With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.

While this revolution is gaining wide acceptance, BtcCredit, an all-in-one decentralized wallet which gives you complete control of your Blockchain asset to Hold, Exchange, Lend, Borrow, Invest, and Stake has arrived.

"Cryptocurrency is a type of digital currency that uses cryptography for security and anti-counterfeiting measures. Public and private keys are often used to transfer cryptocurrency between individuals.

As a counter-culture movement that is often connected to cypherpunks, cryptocurrency is essentially a fiat currency. This means users must reach a consensus about cryptocurrency's value and use it as an exchange medium. However, because it is not tied to a particular country, its value is not controlled by a central bank. With bitcoin, the leading functioning example of cryptocurrency, value is determined by market supply and demand, meaning that it behaves much like precious metals, like silver and gold.

Cryptocurrency transactions are anonymous, untraceable and have created a niche for illegal transactions, like drug trafficking. Because the currency has no central repository, law enforcement and payment processors have no jurisdiction over bitcoin accounts. For cryptocurrency supporters, this anonymity is a primary strength of this technology, despite the potential for illegal abuse, as it enables a shift in power from institutions to individuals."

But before we go any further, please check out this video presentation to get even more acquainted

Now that I have your attention, let’s get right to it.

What exactly is BTCCREDIT?

As depicted above and as indicated on the official website of BtcCredit, BtcCredit is an all-in-one decentralized wallet which gives you complete control of your Blockchain asset to Hold, Exchange, Lend, Borrow, Invest, and Stake. This document outlines the design of a Decentralized Next-Gen Banking Ecosystem that is powered by decentralised multi-currency wallet, decentralised p2p lending, and decentralised p2p Exchange capabilities.

Blockchain is making history by shifting power from centralized entities into the hands of the consumers. It has empowered people to manage their own assets without the intervention of any banks, brokers, or institutional monitors. This is a welcome necessity since people risk too much today by allowing their crypto assets to be controlled by a central entity. They don’t realize that it is not them but Wallets, Exchanges, & Lending Platforms that are controlling their assets. Hence, they have given up control of their identity, privacy, and money because they believe that they don’t have a choice. But not anymore. We aim to be the access point that provides people with this choice.

Crypto P2P-Lending

There are some existing Crypto lending platforms which are following different business models. On one end they are a just like a traditional p2p lending platform with the ability to accept cryptocurrencies as collaterals. On the other end, they deploy the entire loan contract on the blockchain and execute events on the loan agreement through smart contracts. The blockchain technology, with its fully transparent and incorruptible transaction ledger, forms the ideal system for managing the loan with its parameters like tenure, interest rate, crypto collateral, etc.

Competitive Analysis

P2P Lending Platforms can be divided into three main categories:

Traditional P2P

Lending within the same country and in that country’s currency

2Cryptocurrency without Smart Contract

Lending globally with cryptocurrencies like Bitcoin

Cryptocurrency using Smart Contract

Lending using Blockchain Smart Contract as an intermediate

How It Works?

As a lender, a user enters the system and funds his system generated Wallet with USDTs. The system creates a lending profile where his acceptable loan parameters are recorded. The lender’s loan profile becomes a part of a “credit marketplace”. As a borrower, the user enters the system with his system generated Bitcoin wallet. The bitcoin funds in the wallet form the collateral against the potential loan. The borrowing requirement also becomes a part of the “credit marketplace”. A system internal logic automatically matches and suggests existing loans and borrowers.

A borrower or lender can also manually select from a set of loan offerings or borrower’s requirements. Once a loan is selected, and both sides agree to the parameters on the book, a “handshake” is said to have taken place, which will result in a deployment of a smart contract on the Ethereum network. The borrower’s wallet will be funded with the requested USDT and a schedule for repayment gets created.

Token Distribution

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Shrirang Muley: CEO

Kirankumar Kapure: CTO

Mayur Shrivastav: COO

Advisory Team



Be a part of this incredible project. Download the whitepaper for the full scoop.

Till next time…

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Q4 2018

P2P Crypto Loan System Launch

The journey begins with Borrow-Lending, a Peer-to-Peer Crypto Loans System Launch.

Smart Contract On Ethereum

Q1 2019

USDT Lending system Launch

Users Can Lend USDT which is backed by LDT Tokens and Smart Contract

Getting Apps Available on Mobiles

Getting the Lending Platform Compatible with Mobile Phones.

Acquiring Licenses

Acquiring Crypto Wallet and Lending Licences

Crypto Wallet Launch

Q2 2019

BTCC Token Listing on our Lending System.

Now users can Lend Using BTCC Tokens and can use BTCC as collateral.

P2P Exchange Launch

Peer-to-Peer Cryptocurrencies Exchange Platform Launch.

Q3 2019

Staking Plan Launch

Staking plan launch for investor, who will be benefited with interest on BTCC / BTC hold as staking

ALT Coins Lending and Colateral

Now users can Lend Using Alt Coins and can use Alt Coins as collateral.

Q4 2019

Crowd-Funding Platform

Peer-to-Peer Crowd-Funding platform

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Author: Cryptoholical

My Bitcointalk Profile:;u=2487106

Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.