The Rise of Smart Lending: What It Means for Borrowers and Lenders
How Smart Contracts Can Change the Lending Sphere
Smart contracts have been popping up across finance — but lending is where they might make the biggest impact. Imagine getting a loan without paperwork, without a bank, and without waiting days for approval. Everything is automated. The terms are written in code, and once both sides agree, the deal runs itself. That’s the promise of smart contracts in lending: faster, cheaper, and more transparent. But as with any tech shift, there’s a catch. Alongside the potential benefits come serious risks — from buggy code to legal confusion. Let’s take a closer look at how smart contracts could reshape lending, and what still needs to be figured out.
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Michael Turner is a finance expert passionate about simplifying credit, loans, and debt management. He helps readers make smart, confident financial decisions every day.