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This is a nice concept ! It seems like the "natural" thing to do IMO, just lend from people to people. I'm wondering though: Is such a system legal everywhere?
by conradk 12y ago
This is a nice concept ! It seems like the "natural" thing to do IMO, just lend from people to people. I'm wondering though: Is such a system legal everywhere?
- mayefsky 12y agoHey Conrad--it's legal for US residents. (Our payment processor requires a US address anyway, so we are currently US-limited regardless of laws in specific other places.) We've done ample research with experienced counsel and are configured a bit differently than some other peer-to-peer platforms, so we're confident it's legal everywhere in the US.
- conradk 12y agoThanks for the clear answer and good to hear! Any plans to expand this type of concept to Europe (or other regions) someday? :-)
- mayefsky 12y agoWe're still very much in the early stages here in the States but definitely would love to be able to support Europe and elsewhere eventually!