What is it?
A P2P network that is being started at BorrowaDollar.com is allowing people to share cash with each other in an effort to allow people to pool cash and make interest.
How does it work?
A webpage is started such as iPhone.BorrowaDollar.com in which the P2P network is being used to get an iPhone. Other people will share their cash, and the shared cash is placed into the BorrowaDollar account to create interest. Once enough interest accumulates then the money will be returned to those that shared it. The leftover interest will belong to the user.
To see an example visit:
iPhone.BorrowaDollar.com
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1 comment:
My first impression is that sounds like a scam. It might not be, but it just sounds bad.
P2P networks have a bad reputation to start with.
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