Parallel Finance is a peer-to-peer lending marketplace based on blockchain technology. In late 2016, the company raised a $22 million Series A round investing from a group of investors including Pantera Capital, Union Square Ventures, and Y Combinator.
It has been a long, hard road for $Dash, and we still have a long way to go. Dash’s present value is $0.56 and it has a market cap of $172M. However, despite these conditions, I’m here to say we still have a long way to go. $Dash is still young and we have a lot of ground to cover before we’re where we want to be.
$22 million invested in a blockchain company by Polychain Capital and other investors marks a significant milestone for the industry and a sign of the growing interest in the technology.
In a world where the use of cryptocurrency is becoming more and more widespread, a number of blockchain-based finance platforms have been developed. What makes these platforms special is that the user isn’t required to hold cryptocurrency in order to use them, which is one of the main advantages of this type of technology. However, the platforms themselves do demand that the users hold cryptocurrency in order to use them, which is where the blockchain comes in.. Read more about parsec coinmarketcap and let us know what you think.
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