For all your money need, you have to go through the bank. Right? Well I wish the answer was Wrong, but for most parts it is very true. When you have money, banks are your friends; when you don’t they could care less. If you want it for a business the interest rate are criminal.
In comes Zopa a startup from the UK for a change! A simple concept, towards which the Internet lends itself, very well in fact.
Connect “consumer” with “producer” in the most efficient and economical way.
We have seen this with eBay to say the very least. Now Zopa is doing it with money! the best there is. Let people give to other people, while it can manage the risk and manage the platform. Neat.
Innovations in computer science and the ability of entrepreneurs to make business sense to connect the dots will really change the world. Imagine life without computers and worse yet with out network connectivity!