Topic: [ANN] [ICO LIVE]◄ ♛ 🔥 Shift your car title into cash. 🔥 ♛ - page 42. (Read 8460 times)
if you look at the success of pre sale on this project, it will be very easy to run ICO in the future, I see this project to be a very good project. where I can see the composition of your team's adviser and the sponsors who support this project
since a lots here are finding some difficulty in understanding the way shift works, I'm going to explain what I learnt.
- Shift cash will have local office in countries where the service provided, and you can go to their office and verify your account immediately and get a plastic card SHIFT.cash that allows to widthdraw money form any ATM
(this process can be done online but it will take time).
- loan will be no greater than 35% of its market value ( car ) which reduces the risk for the Investor.
for example : if a car worth $10,000, you can get only $3500 loan.
As Borrower, if you dodn't pay back, shift cash will sell the debt to the relevant collection agencies.
This business with banks and for banks works, if banks are interested in such a platform, this is very good for the team. Is the developer involved with the bank?- Shift cash will have local office in countries where the service provided, and you can go to their office and verify your account immediately and get a plastic card SHIFT.cash that allows to widthdraw money form any ATM
(this process can be done online but it will take time).
- loan will be no greater than 35% of its market value ( car ) which reduces the risk for the Investor.
for example : if a car worth $10,000, you can get only $3500 loan.
As Borrower, if you dodn't pay back, shift cash will sell the debt to the relevant collection agencies.
I'm sure if I got you question, but yes The borrower can receive the money directly to bank account or SHIFT.cash virtual or bank card. but yes shift cash will only use shift cash is actually alternative for banks, because getting loan from bank is very difficult and that why shift trying to provide a solution for those who can't get load from banks.
somewhere this was certainly earlier, when you could hang ads on the body of your car and receive money.
But here it is in the blockchain, this is a new, thought project will be successful
But here it is in the blockchain, this is a new, thought project will be successful
Shift cash is a project for car rent program... & Blockchain is need to make it more larger & easily launched to people..With the help of blockchain,they draw more investor in this project...
and he can apply at shift cash via you 
, and awesome if you can earn 5% of the loan.My concern is what happens when the person who put his car title for collateral either dies or has put some stolen car title, or after putting his car title for collateral lost it etc., what would happen in this scenario?
Is there a concrete system on the claims re whether the claimant dies or not capable to claim anymore their car for the reasons that they are not capable on paying the terms or so. thanks for the answer in advance
The loans will be covered by insurance. moreover, car owners must have a workable insurance before the will deem qualified for the loan.
so the car insurance company will cover for the car in case of an accident.
ohh I see, so their will be a collaboration between several insurance company on each country.. thank you for this.
Well, if you really love this project then it will be much appreciated if you already made your investment here. I am sure that this project is going to be popular and success in the near future.
This project has something in this card. What I mean is, it has something on its sleeve to compete with other project's here in the crypto currency community. Because through this project, all the payments can be made with the support of mobile services lile Apple Pay, Samsung Pay, and Android Pay, also we can attach a virtual or plastic card to the account SHIFT.cash. I will support this and will watch this project.
It's definitely a good idea. Honestly, I can not imagine this platfrom without such payment systems. This is definitely a good step, I am also waiting for the effects of this project.
somewhere this was certainly earlier, when you could hang ads on the body of your car and receive money.
But here it is in the blockchain, this is a new, thought project will be successful
But here it is in the blockchain, this is a new, thought project will be successful
Shift cash is a project for car rent program... & Blockchain is need to make it more larger & easily launched to people..With the help of blockchain,they draw more investor in this project...
and he can apply at shift cash via you , and awesome if you can earn 5% of the loan.SHIFT.cash has no geographical barriers. It connects Borrowers who have collateral with investors around the world due to the simplicity? So what is call "collateral" and how to evaluate them?
In my opinion and understanding, I think the collateral they are saying is the profile, papers of your car, that you are going to give them in case that you cannot pay the loan. In short, they will own your car if you didn't pay for the deal.
I'm very curious how it looks from the legal point of view. If this project is to be global, I think it can be very complicated if we have many legal systems in diffrent countries.
I would like to know where is your target market? And what wouldbe your terms in loaning you applicants?
I'm gonna guess target market is people with cars who want loans
Terms would be owning a cash which has a resale value and a decent credit history
Well that's my guess
But I think many people will choose ShiftC, because of their love to blockchain
My concern is what happens when the person who put his car title for collateral either dies or has put some stolen car title, or after putting his car title for collateral lost it etc., what would happen in this scenario?
Is there a concrete system on the claims re whether the claimant dies or not capable to claim anymore their car for the reasons that they are not capable on paying the terms or so. thanks for the answer in advance
The loans will be covered by insurance. moreover, car owners must have a workable insurance before the will deem qualified for the loan.
so the car insurance company will cover for the car in case of an accident.
ohh I see, so their will be a collaboration between several insurance company on each country.. thank you for this.
Well, if you really love this project then it will be much appreciated if you already made your investment here. I am sure that this project is going to be popular and success in the near future.
This project has something in this card. What I mean is, it has something on its sleeve to compete with other project's here in the crypto currency community. Because through this project, all the payments can be made with the support of mobile services lile Apple Pay, Samsung Pay, and Android Pay, also we can attach a virtual or plastic card to the account SHIFT.cash. I will support this and will watch this project.
Since there will be a real asset that will be used as a collateral that means this project is going to have its own physical company to store the sequestered cars. where would it be? Is it going to be Global?
This question now interests many. Because if such opportunity emerges only in local site of founders of this platform, then huge audience of wanting will be lost. 
I think you have a misconception about how this system works, the job of Shift is not to store car until the borrower pay you back your money. The job of Shit is build a system that
- momentarily analyzes all the information in a particular region
- allow borrower to pass a procedure of personal verification and the verification of vehicle registration
==> These thing will happen according to laws of the country where the services provided.
So, Shift similar to Uber, They have a high quality system that regulates the borrowing process and works globally, but in order to provide their service in certain country, they will have to get licence from government and open agency there or have partner and work according to the law of that country.
notice: when you borrower a money through Shift platform, you will still able use your car, but will put a paper that explains that this car is used as collateral.
The introduction of the blockchain will make shift.cash become a great project.Life will be much easier for drivers
I would like to know where is your target market? And what wouldbe your terms in loaning you applicants?
I'm gonna guess target market is people with cars who want loans
Terms would be owning a cash which has a resale value and a decent credit history
Well that's my guess
Great program, helping people get their dream cars. I shall just join the telegram bounty program 1st and see how this goes on
I think it is more likely like a car rental isn't it? The way to get the money by shifting your car in this platform it looks almost the same as a car rental.
Are you sure? Or is it just like a bank that will store your cars in exchange of money? Anyway, I am really curious how shift cash will shift our cash title into cash.
Well, it still depends on how they can handle it and how they can execute proper process for this project. I just hope that all their plans will be fulfill in the near future.
True, it is necessary before plunging directly into this project, all must read from scratch so that no regrets later. be careful.
since a lots here are finding some difficulty in understanding the way shift works, I'm going to explain what I learnt.
- Shift cash will have local office in countries where the service provided, and you can go to their office and verify your account immediately and get a plastic card SHIFT.cash that allows to widthdraw money form any ATM
(this process can be done online but it will take time).
- loan will be no greater than 35% of its market value ( car ) which reduces the risk for the Investor.
for example : if a car worth $10,000, you can get only $3500 loan.
As Borrower, if you dodn't pay back, shift cash will sell the debt to the relevant collection agencies.
Thank you for explanation, is all as I really thought previously. It is an ordinary pawnshop. All owners of pawnshops give all by 50-80% of the money less, than your property stands which you leave to guarantee. - Shift cash will have local office in countries where the service provided, and you can go to their office and verify your account immediately and get a plastic card SHIFT.cash that allows to widthdraw money form any ATM
(this process can be done online but it will take time).
- loan will be no greater than 35% of its market value ( car ) which reduces the risk for the Investor.
for example : if a car worth $10,000, you can get only $3500 loan.
As Borrower, if you dodn't pay back, shift cash will sell the debt to the relevant collection agencies.
somewhere this was certainly earlier, when you could hang ads on the body of your car and receive money.
But here it is in the blockchain, this is a new, thought project will be successful
But here it is in the blockchain, this is a new, thought project will be successful
Shift cash is a project for car rent program... & Blockchain is need to make it more larger & easily launched to people..With the help of blockchain,they draw more investor in this project...
and he can apply at shift cash via you , and awesome if you can earn 5% of the loan.
People are getting more and more excited regarding this project. Yes. ShiftCash is an interesting project wherein this is a great opportunity for the investors. And also, I was hoping for kore people, users, and investors to come here in ShiftCash and make investments. I will stay looking forward for this project.
somewhere this was certainly earlier, when you could hang ads on the body of your car and receive money.
But here it is in the blockchain, this is a new, thought project will be successful
But here it is in the blockchain, this is a new, thought project will be successful
Shift cash is a project for car rent program... & Blockchain is need to make it more larger & easily launched to people..With the help of blockchain,they draw more investor in this project...
and he can apply at shift cash via you , and awesome if you can earn 5% of the loan. since a lots here are finding some difficulty in understanding the way shift works, I'm going to explain what I learnt.
- Shift cash will have local office in countries where the service provided, and you can go to their office and verify your account immediately and get a plastic card SHIFT.cash that allows to widthdraw money form any ATM
(this process can be done online but it will take time).
- loan will be no greater than 35% of its market value ( car ) which reduces the risk for the Investor.
for example : if a car worth $10,000, you can get only $3500 loan.
As Borrower, if you dodn't pay back, shift cash will sell the debt to the relevant collection agencies.
- Shift cash will have local office in countries where the service provided, and you can go to their office and verify your account immediately and get a plastic card SHIFT.cash that allows to widthdraw money form any ATM
(this process can be done online but it will take time).
- loan will be no greater than 35% of its market value ( car ) which reduces the risk for the Investor.
for example : if a car worth $10,000, you can get only $3500 loan.
As Borrower, if you dodn't pay back, shift cash will sell the debt to the relevant collection agencies.
Thanks to the fact that you wrote it, it certainly helped me to understand this and many people probably too. It is a pity that it did not appear in the past but it's good that it will certainly help investors.
Precisely. I have been correcting people here about their misunderstanding about this platform. Most of the people mistakenly identifies this platform not as getting a loan in exchange for the car title. It's crazy. Hopefully one of the admins will finally make a brief statement here in this thread.
For investors this platform will provide a unique opportunity to access a huge and growing credit market with in a turn over of more than dollar thirty billions which is never expected.
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