In Switzerland P2P Lending Service Cashare announced that it plans to be one of the web service pioneering the use of SuisseID a digital signature. Documents signed with this digital signature are as binding as a conventional signature on paper.
Opportunities for P2P Lending
Several European countries (e.g. Italy, Spain, Germany, Belgium) have enacted laws that equate digital signatures with conventional signatures.
P2P Lending can use digital signatures to
- validate the identity (and depending on the signature card the address) of users
- automate processes that otherwise would require a signature on paper and enable paperless process chains.