File sharing is the ability to transmit files from one computer to another over a network or the internet. P2P file sharing, meaning peer to peer. It is the distribution and sharing of digital media using peer to peer networking technology. It allows people to access media files such as books, music, movies and games. Another example of P2P file sharing is using it to lend out loans. According to the article Peers Find Less Pressure Borrowing From Each Other banks refuse loans and that results in peer to peer lending. The article states “investors make a nice profit, but consumers still get lower rates than they would with a conventional lender because peer-to-peer lending operates like a marketplace.”


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