LEND coin is a decentralized lending apparatus. It operates on the Ethereum network which offers private and secure peer-to-peer lending Smart Contracts. LEND coin seeks to disrupt traditional lend avenues, including banks and large financial institutions, by offering more democratic lending services. LEND coin does so by allowing borrowers and lenders to mutually decide the terms and conditions of the loan.
LEND coin thus allows both parties to determine the details of the loan without the need for a middleman. This means that two parties regardless of where they are located can create a loan contract on their own terms.