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03/10/2005 Archived Entry: "Zopa.com -- Internet lending exchange"

Zopa.com is the Net's first lending-and-borrowing exchange. The BBC says think of it as eBay for lenders and borrowers.

Not perfect for freedom lovers. Members' trust ratings begin with Equifax credit reports, which means with your SSN. But still ... if they can achieve a critical mass of users, they'll be shifting the banking paradigm, and in a rather interesting direction. Assuming the big bankers and their bought-off politicians don't stop them.

Another one from PT, with thanks.

Posted by Claire @ 02:17 PM CST
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