PACIFIC: A New Revolution in Traditional Lending Transactions

 

The global economic and social development has come to the era of digitalization. Asset digitization, digital assetization, and value circulation have become important themes of the new generation of information technology revolution. As a result, creating digital value and trading digital assets have become a worldwide rigid demand. In the context of, the digital asset trading platform has become the infrastructure of the global digital society. At the same time, the digital asset trading platform has also brought new changes to the traditional lending and fund trading fields. In this context, PACIFIC keeps up with the trend of the times, contributes to the new transformation of traditional lending transactions, and brings users a better trading experience.

 

Traditional lending and fund transactions have fallen behind the times

In terms of lending, first of all, the traditional lending process is relatively complex, with high thresholds, many review conditions, and time-consuming; secondly, traditional car loan and house loan, the first thing for platform risk control is to verify the authenticity, and risk control is difficult; Finally, in the field of traditional lending, if a user defaults, there will be high enforcement costs, such as using real estate mortgages, and legal enforcement procedures are time-consuming and variable. Similarly for fund transactions, traditional funds can be purchased on brokerage apps or on third-party platforms, such as Alipay, banks, fund companies, etc. They are generally divided into two types of transactions: on-exchange and off-exchange: although on-exchange transactions are convenient. The handling fee is low, but the transaction volume is low and automatic investment cannot be made; OTC transactions are more expensive than on-site transaction fees, and the transaction time is limited. Generally speaking, traditional fund trading methods have different degrees of convenience and transaction volume. limit.

 

Decentralized lending and fund transactions can save costs and reduce risks

There are many differences between the decentralized lending of the Pacific Trading Platform and the traditional financial lending. The decentralized lending uses digital currency as collateral, and the lending agreement is represented by smart contracts, which does not require a specific central trust agency. Therefore, the advantages of decentralized lending are that it can save costs, reduce risks, and use smart contracts to make the whole process open and transparent. When the loan cannot be repaid, the platform can directly sell digital assets, making the whole process more convenient and faster, bringing users trust, speeding up the loan speed, and better meeting the user's loan needs. The same is true for fund transactions. When everyone agrees with the value of digital assets, using digital assets for transactions greatly speeds up the transaction speed, improves the convenience of transactions, and reduces transaction risks.

 

Today, with the rapid development of digital asset trading, PACIFIC has made breakthroughs and innovations, standing at the forefront of the times, actively embracing the needs of the times, helping the new transformation of traditional lending transactions, and striving to create a trading platform with coexistence of safety and convenience, promoting digital. The historical process of the asset era, discover and create revolutionary value of the era.