Topic: [ANN] [ICO LIVE]◄ ♛ 🔥 Shift your car title into cash. 🔥 ♛ - page 56. (Read 8443 times)
The Shift your car title into cash project has prospects and vision, offering loans to car owners is pretty unique, i was also intrigued by the user interface of the website.Good idea, so it's online banking , that will work through smartphones? But i don't get the idea of car title loans, what does it mean, can you explain it a little bit more? I give my car to someone and get tokens or what?
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?
these are some points that I am also looking for answers from the Shiftcash team. If they concentrate in first steps european countries, this would be easier for them bcs european union has more transparency with terms and conditions and laws.
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.
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.
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?
It's great to see that the pre sale went successful and it was a suprise for me, because I underestimated this project.
I am just excited for the ICO.
never ever underestimate any ico or anything in life is better to watch with keen interest than to think is bullshit this kind of things depends on the team and once they take up the seriousness then it grows and teams succeeded with their hardwork..to me is a hardworking team and they are doing great so keep if up guys I am just excited for the ICO.
A good idea for the developer, but now there are already many similar projects. How does this project differ from others?
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.
With the help of the shift .cash platform and the technology of block chain, investors are given the opportunity to invest precisely the amount for which there is real collateral and automatically adjust it to a greater or lesser extent.
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 that this project needs to make some improvements - such as creating a website. And so the project is quite interesting, good luck to the team
I like the idea of your project. I see that the development team consists of excellent specialists. I will follow your project, I'm interested in its development.
Glad to hear that they have good and professional team to take care of this project. But are they planning to partner with the big names in car companies?
Yea i think they are planning to partner with the big name companis beacause this project specially related to the car loan nd therfore the platform should include all the big company cars.
A promising idea and good partners, and with partners there are preliminary agreements on the use of the platform after launch?
Who will decide the value of the car? there are any common standards for all people to follow?
collateral and we send information about the pledge to the official registers. In the event of a non-repayment of the loan, we
sell the debt to the relevant collection agencies. The collateral can only secure loans that are no greater than 35% of its
market value which is convenient for the Investor.
In the case of non-repayment of the loan, what if the deadline is this day and that day too the user have emergency to attend, will you consider this kind of event that maybe will help the user to continue the loan that already been in the user? or no chance of bringing back to the user the loan if he/she didn't repay it on time?Quote from: ah.. I do not see the advisor. Do we have any advisor for the nice project like this?
We do have expect advisors their information will be updated to the website soon.
We use all the tools of the usual online services - this is convenient for the Borrower. But we reduce the risk by havingcollateral and we send information about the pledge to the official registers. In the event of a non-repayment of the loan, we
sell the debt to the relevant collection agencies. The collateral can only secure loans that are no greater than 35% of its
market value which is convenient for the Investor.
Shift features sets a trend in the technology where the volume of loans secured by a car is greater than in micro credit companies, and the speed of obtaining loans is higher than in a bank.
I actually think they have a risky at loan industry. But i still appreciate Shift Cash, more risky is meaning more profit.If there is no risk then there will be no gain. So it is still okay to gamble or take some risk if the return will be huge profit. I hope that shift cash will be successful in the near future.
An interesting project and an experienced team, in which country are you located? Does your project have a legal registration?
Shift features sets a trend in the technology where the volume of loans secured by a car is greater than in micro credit companies, and the speed of obtaining loans is higher than in a bank.
I actually think they have a risky at loan industry. But i still appreciate Shift Cash, more risky is meaning more profit.Yeah, the higher the risk the higher the profit they will get. I am sure that shift cash will study how they can avoid those problems that will arise in the near future so they can lessen the risks.
Shift cash is a part of global technology market...It is mainly developed by blockchain..the best feature of shuft cash is that it is the most secure platform & give loan..
I like the idea of your project. I see that the development team consists of excellent specialists. I will follow your project, I'm interested in its development.
Glad to hear that they have good and professional team to take care of this project. But are they planning to partner with the big names in car companies?
I like the idea of your project. I see that the development team consists of excellent specialists. I will follow your project, I'm interested in its development.
Glad to hear that they have good and professional team to take care of this project. But are they planning to partner with the big names in car companies?
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