New: Ledgermark Ltd is launching Meridian – digital collateral that can be used to secure Bitcoin loans of higher value.
September 16, 2017 London, United Kingdom – There are a lot more people in the world that can collectively lend micro loans on a regular basis than there are corporations that can regularly distribute loans above the value of a thousand dollars.
With this being true, it becomes more apparent that things are changing.
“A network of independent lenders committed to distributing micro loans could potentially rival long established financial organisations in terms of the combined value of peer to peer loans serviced to borrowers on a world wide scale” says Richard Ochieze, Managing Director at Ledgermark, LTD.
With the above being said it is important to note that, in the future, a variety of networks will be created to serve and fulfil specific tasks.
These networks will be populated by individuals based all over the globe who are operating on a peer to peer basis, contributing value to each other and their network as a whole.
The invention of the Blockchain has only added several barrels of fuel to this fire that was ignited back in 1999 when Napster, the first peer to peer file sharing system, was established.
“Looking ahead into the future, current trends are indicating that an ecosystem of inter-related digital assets are in the earliest stages of formation. This ecosystem will eventually play both a necessary and vital role in the global economy as peer to peer networks gradually begin to move into the forefront”
The case for Digital Collateral
The internet makes non repayment of loans a marvellously simple task for borrowers and as such; organisations like the Funding Circle, a peer to peer lending firm, are left wide open to have the profits of their retail investors depleted due to this lingering risk.
The loans that are distributed on platforms like the one mentioned above are unsecured, meaning defaults that occur in such an environment are allowed to force lenders to endure guaranteed losses.
“Through the introduction of Meridian, we want to tackle this problem directly – we hope to be able to remove a sufficiently large portion of risk from the equation.”
Traditional financial institutions have been able to maintain a fortress of checks and balances such as strict collateral requirements for both business and personal loans in order to provide themselves with a means of recourse should a borrower fail to repay his debt.
In this digital age in which peer to peer transactions are becoming the norm, this same form of protection must be made available to the average individual who wishes to loan his money out to borrowers in return for profit.
However, the question must be asked: how can a borrower pledge his house or farm as collateral via an online loans application?
Furthermore; a better question: what form of collateral can a borrower pledge – and a creditor accept – as collateral to secure a loan valued below a thousand dollars?
The answer is an asset that is easily liquidable, easily transferable and easily convertible via the internet.
Prior to the invention of the Blockchain such an asset did not exist and now that it does, the door has been opened to allow individuals based anywhere in the world to distribute and/or become the recipient of a secured micro-loan.
To learn more about how Meridian tokens can be used to secure a Bitcoin loan, you are invited to watch the animated explainer video below:
Meridian & Bitcoin Loans.
Bad debt is a prominent part of the reality of a lender who operates on peer to peer platforms such as the Funding Circle. 
“We hope to use the capabilities of the Blockchain to provide online lenders with an increased sense of security when delivering loans.”
Using a digital asset as collateral to secure a micro loan has several unique implications. The main thing is digital assets have the unique behavioural trait of intense price volatility.
This is significant because it puts lenders in an uncommon position whereby in the event of a default, bad debt has the ability to warp to adopt the form of a successful short sell; provided overall market conditions are favourable.
In this scenario mutual benefits are derived by both a lender and borrower – since the borrower receives his loan and the lender is protected in the event of a default.
This is a dynamic that doesn’t currently exist in the peer to peer loans industry.
Meridian tokens can be purchased during the ICO on 12 October 2017 and will then become tradable on all alternative currency exchanges.
To learn more about how Meridian differs from the alternatives, you are invited to watch the three-minute introductory video at http://myMDN.io
Learn more about Meridian at – http://myMDN.io
Contact Name: Meridian PR Team
Contact Email: firstname.lastname@example.org
Location: London, United Kingdom
Ledgermark, LTD is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.