Sample of the base lending rates across key regions and some of the countries are below :
|
Key Region |
Sample Country |
Base Lending Rate |
|
Latin America |
Argentina |
67% |
| |
Brazil |
37% |
|
Africa |
Congo |
27% |
| |
Angola |
19% |
|
Eastern Europe |
Uzbekistan |
24% |
| |
Ukraine |
20% |
|
Asia |
Iran |
18% |
| |
Mongolia |
17% |
Source : World Bank
On the other end, growth of the decentralised finance products have been based primarily on virtual assets. Availability of real world assets like land, provided as a collateral against lending, provides a greater level of reassurance to the crypto investors operating on decentralised finance. This land collateral is in the form of NFT (Non Fungible Token) with oracles bringing in other physical world data points associated to the land title on-chain.
Thus bringing greater transparency and pace for transactions via blockchain. An…
