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Topic: [ANN] [ICO LIVE]◄ ♛ 🔥 Shift your car title into cash. 🔥 ♛ - page 49. (Read 8460 times)

sr. member
Activity: 420
Merit: 259
I have a question about Shift Cash working methods, if the borrower defaults who takes ownership of liquidating the collateral?
member
Activity: 98
Merit: 10


Exactly. People needs to read the whitepaper. It is all about getting a loan and the car is your collateral. It has nothing to do with controlling cars remotely. Smiley
most people think of cars and then they bring gigantic maps and navigations which is actually not what is all about is an app or platform for car loans and i think your right wp is neccesary to have an understanding
It's really confusing how many are talking about how the project will allow them to rent cars ... As far as i understood the project is by no mean about renting cars ,but infact about getting loans and as the posts stated above giving your car as collateral incase you couldn't repay the loan .
member
Activity: 294
Merit: 10
Last year, there were such projects as PayPie and Micromoney that assess risks, but for humans. All of them were successful, I think this project will also work out.
full member
Activity: 1470
Merit: 103
COMBO 2.0
Shift Cash is a platform where can i borrow a car? After authentication verification we will able to borrow a car??
Can we able to borrow by Shift Cash coin. If we able to borrow by Shift Cash coin then in how many country it will be available to borrow a car Huh

This project is developing a platform that will act like third-party app for local company in every country.
If you are going think in advance in the future where there will be smart cars, it will be easier for shift cash to lend money using a car as a collateral because they'll be able to control your car if you can't return what you borrowed.
But how that things worked, it sounds to me that it is impossible to control the cars unless they have a somewhat like a software. Your idea is precise, but I doubt it would be inconceivable in my opinion.
In what i have understand, they are able to control your car through the car title, through this maybe the person who have token can use your car or borrow it if you are in the same country by using their platform.
The problem here is your car is real or not? I mean that how to make sure this car is your property, not borrow from another finance fundamental or your friend Cheesy

ı mentioned this problem also before. It must be not your friends car, even its your car but you buy it with credit and you do not give this info to this platform when u register your car. Big troubles.
I guess they cannot found whether it is your car or not since they are using Artificial Intelligence to the lending process.
I am confuse with this platform on how the process will go through. What I only understand is that you can make money by just presenting the title of the car by filling up the provided information given by the platform and in a couple of hours the money will be released?
Maybe some misunderstanding on the post created on this about the idea of controlling remotely the car, as you can see on the whitepaper or in the website there's no statement that will you control remotely your car.

Exactly. People needs to read the whitepaper. It is all about getting a loan and the car is your collateral. It has nothing to do with controlling cars remotely. Smiley
most people think of cars and then they bring gigantic maps and navigations which is actually not what is all about is an app or platform for car loans and i think your right wp is neccesary to have an understanding
member
Activity: 126
Merit: 14
Shift Cash is a platform where can i borrow a car? After authentication verification we will able to borrow a car??
Can we able to borrow by Shift Cash coin. If we able to borrow by Shift Cash coin then in how many country it will be available to borrow a car Huh

This project is developing a platform that will act like third-party app for local company in every country.
If you are going think in advance in the future where there will be smart cars, it will be easier for shift cash to lend money using a car as a collateral because they'll be able to control your car if you can't return what you borrowed.
But how that things worked, it sounds to me that it is impossible to control the cars unless they have a somewhat like a software. Your idea is precise, but I doubt it would be inconceivable in my opinion.
In what i have understand, they are able to control your car through the car title, through this maybe the person who have token can use your car or borrow it if you are in the same country by using their platform.
The problem here is your car is real or not? I mean that how to make sure this car is your property, not borrow from another finance fundamental or your friend Cheesy

ı mentioned this problem also before. It must be not your friends car, even its your car but you buy it with credit and you do not give this info to this platform when u register your car. Big troubles.
I guess they cannot found whether it is your car or not since they are using Artificial Intelligence to the lending process.
I am confuse with this platform on how the process will go through. What I only understand is that you can make money by just presenting the title of the car by filling up the provided information given by the platform and in a couple of hours the money will be released?
Maybe some misunderstanding on the post created on this about the idea of controlling remotely the car, as you can see on the whitepaper or in the website there's no statement that will you control remotely your car.

Exactly. People needs to read the whitepaper. It is all about getting a loan and the car is your collateral. It has nothing to do with controlling cars remotely. Smiley
But even the concept of getting loan as car as a collateral is good but also i guess that we can get a desired car here. Perhaps i don't know that but yes i will willingly support this project as i can see this project go much successfull and helpfull in future.
member
Activity: 380
Merit: 10
Shift Cash is a platform where can i borrow a car? After authentication verification we will able to borrow a car??
Can we able to borrow by Shift Cash coin. If we able to borrow by Shift Cash coin then in how many country it will be available to borrow a car Huh

This project is developing a platform that will act like third-party app for local company in every country.
If you are going think in advance in the future where there will be smart cars, it will be easier for shift cash to lend money using a car as a collateral because they'll be able to control your car if you can't return what you borrowed.
But how that things worked, it sounds to me that it is impossible to control the cars unless they have a somewhat like a software. Your idea is precise, but I doubt it would be inconceivable in my opinion.
In what i have understand, they are able to control your car through the car title, through this maybe the person who have token can use your car or borrow it if you are in the same country by using their platform.
The problem here is your car is real or not? I mean that how to make sure this car is your property, not borrow from another finance fundamental or your friend Cheesy

ı mentioned this problem also before. It must be not your friends car, even its your car but you buy it with credit and you do not give this info to this platform when u register your car. Big troubles.
I guess they cannot found whether it is your car or not since they are using Artificial Intelligence to the lending process.
I am confuse with this platform on how the process will go through. What I only understand is that you can make money by just presenting the title of the car by filling up the provided information given by the platform and in a couple of hours the money will be released?
Maybe some misunderstanding on the post created on this about the idea of controlling remotely the car, as you can see on the whitepaper or in the website there's no statement that will you control remotely your car.

Exactly. People needs to read the whitepaper. It is all about getting a loan and the car is your collateral. It has nothing to do with controlling cars remotely. Smiley
Hahahaha.you are perfectly right mate.some people didn't read anythinh about the project and post anything and made it spam.so it's better to read the whitepaper and roadmap carefully for understanding of SHIFT CASH and any other projects.
newbie
Activity: 55
Merit: 0
i joined it. i like the site.
jr. member
Activity: 392
Merit: 2
Shift Cash is a platform where can i borrow a car? After authentication verification we will able to borrow a car??
Can we able to borrow by Shift Cash coin. If we able to borrow by Shift Cash coin then in how many country it will be available to borrow a car Huh

This project is developing a platform that will act like third-party app for local company in every country.
If you are going think in advance in the future where there will be smart cars, it will be easier for shift cash to lend money using a car as a collateral because they'll be able to control your car if you can't return what you borrowed.
But how that things worked, it sounds to me that it is impossible to control the cars unless they have a somewhat like a software. Your idea is precise, but I doubt it would be inconceivable in my opinion.
In what i have understand, they are able to control your car through the car title, through this maybe the person who have token can use your car or borrow it if you are in the same country by using their platform.
The problem here is your car is real or not? I mean that how to make sure this car is your property, not borrow from another finance fundamental or your friend Cheesy

ı mentioned this problem also before. It must be not your friends car, even its your car but you buy it with credit and you do not give this info to this platform when u register your car. Big troubles.
I guess they cannot found whether it is your car or not since they are using Artificial Intelligence to the lending process.
I am confuse with this platform on how the process will go through. What I only understand is that you can make money by just presenting the title of the car by filling up the provided information given by the platform and in a couple of hours the money will be released?
Maybe some misunderstanding on the post created on this about the idea of controlling remotely the car, as you can see on the whitepaper or in the website there's no statement that will you control remotely your car.

Exactly. People needs to read the whitepaper. It is all about getting a loan and the car is your collateral. It has nothing to do with controlling cars remotely. Smiley
newbie
Activity: 9
Merit: 0
it really looks like a good project, good luck.
sr. member
Activity: 1288
Merit: 415
This project sounds very ambitious. Especially regarding different legal terms all over the world. I highly doubt this will be managable at all. Especially when it comes to fraud. What if, e.g. somebody wants to get a credit and uses a car that is not fully owned by himself but the bank? Or even just leased? What if there are already some liqidity-issues about him in his country, how can you assure the creditor to be paid of? What if a car-owner uses his beautiful Ferrari with severe engine damage, broken brakes just for the nice picture? And even if that will be somehow traceable, yet again there is the question how it can be assured that the creditor will be paid?
There are many companies and bank in the world which offer car loans and they are doing their job clearly and successfully and also running at a high profit. This project can also do the same thing as the other companies and on the plus point they are based on a very secure blockchain technology and the funds which are invested by the investors will increase very rapidly as the project is in use.
full member
Activity: 252
Merit: 100
I like the idea of your project, and good and professional team! very promising project!
in which countries will this work?
full member
Activity: 1179
Merit: 131
Maybe its because I am American but this makes absolutely no sense to me.  The banks here will physically hold your car title until your loan is paid off.  I don't see how that is possible on the blockchain, or even why a blockchain is needed for this.  How will these lenders establish creditworthiness?

Also another suggestion, change your signature.  Whenever you see the term "1st Ever XXX on the Blockchain" it always makes it sound like some goofy idea that is pointlessly added to the blockchain.  It doesn't matter if its the first or 10th, people will use what is best Smiley 
member
Activity: 182
Merit: 12
Shift Cash is a platform where can i borrow a car? After authentication verification we will able to borrow a car??
Can we able to borrow by Shift Cash coin. If we able to borrow by Shift Cash coin then in how many country it will be available to borrow a car Huh

This project is developing a platform that will act like third-party app for local company in every country.
If you are going think in advance in the future where there will be smart cars, it will be easier for shift cash to lend money using a car as a collateral because they'll be able to control your car if you can't return what you borrowed.
But how that things worked, it sounds to me that it is impossible to control the cars unless they have a somewhat like a software. Your idea is precise, but I doubt it would be inconceivable in my opinion.
In what i have understand, they are able to control your car through the car title, through this maybe the person who have token can use your car or borrow it if you are in the same country by using their platform.
The problem here is your car is real or not? I mean that how to make sure this car is your property, not borrow from another finance fundamental or your friend Cheesy

ı mentioned this problem also before. It must be not your friends car, even its your car but you buy it with credit and you do not give this info to this platform when u register your car. Big troubles.
I guess they cannot found whether it is your car or not since they are using Artificial Intelligence to the lending process.
I am confuse with this platform on how the process will go through. What I only understand is that you can make money by just presenting the title of the car by filling up the provided information given by the platform and in a couple of hours the money will be released?

It's not just making money rather you can easily get quick loan by offering the title of your car as collateral irrespective of your geographical location.

 
member
Activity: 182
Merit: 12
Is the shift of this platform with car titles are fiat currencies or it will be token? I am wondering what if the price of token goes down. I want to have more clearer explanations.



it will be in tokens and the loan amount will be pegged to the current market price of SCASH token.
so if the loan amount is $2000 the borrower will get $2000 worth of SCASH tokens.
jr. member
Activity: 532
Merit: 1
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.
You have in view of something resembling to pawnshop? I dare to assume that both branches in this platform will be realised, it is permissibly for project. And team can easy perform that.

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.
Yes, if Shift Cash can handle how to evaluate and the way to keep all loan request ( real information of borrowers ), their business will be a profitable.
I think the team can handle all the documents, the question is how they will keep the car? This project must have a partner for keeping the car of the lender.
member
Activity: 182
Merit: 12
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.
You have in view of something resembling to pawnshop? I dare to assume that both branches in this platform will be realised, it is permissibly for project. And team can easy perform that.

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.

Handling will be important though that being said I'm more curious how they're manually do the paper work? Like will they hire a couple of people to do it?

Initial paperwork will be processed through our online verification system and the valuation of the vehicle will be done by our local branch office through physical examination buy our experts in the field.
member
Activity: 504
Merit: 20
SHIFTCash is a secure loan platform that provides quick loans with the title of the title, with the help of ticketing.

How can you say that it a secured loan? my own understanding is they will get your car and your information about you and the car. Then give you shift tokens for the meantime and bad part is not fiat money.

agree with this... you see how the crypto world crashed today ... how much will be the token that you get as loan is worth then if u exchange your tokens to fiat ? 

It's probably a better idea to just hold if you trust the coin enough or short it asap in the current markets. From the looks of it though the markets are recovering pretty quick
member
Activity: 182
Merit: 12
SHIFTCash is a secure loan platform that provides quick loans with the title of the title, with the help of ticketing.

How can you say that it a secured loan? my own understanding is they will get your car and your information about you and the car. Then give you shift tokens for the meantime and bad part is not fiat money.

agree with this... you see how the crypto world crashed today ... how much will be the token that you get as loan is worth then if u exchange your tokens to fiat ? 


Our token has been pegged to Ethereum (1SCASH = 0.0022ETH) so the current bitcoin value will not have effect the price of the token.



member
Activity: 182
Merit: 12
SHIFTCash is a secure loan platform that provides quick loans with the title of the title, with the help of ticketing.

How can you say that it a secured loan? my own understanding is they will get your car and your information about you and the car. Then give you shift tokens for the meantime and bad part is not fiat money.

agree with this... you see how the crypto world crashed today ... how much will be the token that you get as loan is worth then if u exchange your tokens to fiat ? 
I do not think that the crypto world will suffer greatly, big players from China simply leave, the Chinese New Year begins. Can only the developer extend his ICO?

ICO will start as planned on 5th Feb. Changing the date will bring inconveniences. we believe that all our investors will be able to contribute within this two months period.


 
member
Activity: 182
Merit: 12
Can I found you on the other forums? For example, Bitcoingarden or Cryptocurrencytalk?

We only have Indonesian translation on bitcoingarden.

and we are not on cryptocurrencytalk.

 
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