[ANN][MicroMoney] The New Global Crypto Economy - page 76.

Daisuke

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Quote from: bigcash2011 on November 15, 2017, 03:12:35 AM

I think after the ico they should expand their services and provide more and more new products like utility bills payment, currency exchange, funds transfer, remittance and many more to be called as banking solutions for the unbanked.

Good idea. Im sure they have plans on the future and will have lots of surprises that will be launched. As of now they have lots of partnership and I think they are just preparing for the future of the unbanked.

HyunBin

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Quote from: iamlds08 on November 15, 2017, 02:57:02 AM

Quote from: HyunBin on November 15, 2017, 02:45:36 AM

For those who are interested .This are some requirements and rules when you applying on MM based on their website.

MAIN rules:
-   Loan should be less 40% of salary.
-   1st loan – to bank account ONLY.
-   Second loan – Bank account or Payment system.
-   Minimum loan term to borrow bigger loan – 14 days of using money on current step.
-   Next loan can be taken after 5 days previous loan is repaid.
-   Each next loan or prolongation: +2more family contact person.

well this sounds real tho. i am not satisfied with the 15 seconds AI assesment. well here in the philippines it is hard to have an i.d. if you are applying for an id your must have an id first. sounds crazy right? but this is true. the government here is not synced. another MM problem

I feel you bro, it's very hard to get a valid I.D.. Just for example, passport, license and etc. Even secondary ID makes me sick.

-VOL-

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Quote from: HyunBin on November 15, 2017, 02:45:36 AM

For those who are interested .This are some requirements and rules when you applying on MM based on their website.

MAIN rules:
-   Loan should be less 40% of salary.
-   1st loan – to bank account ONLY.
-   Second loan – Bank account or Payment system.
-   Minimum loan term to borrow bigger loan – 14 days of using money on current step.
-   Next loan can be taken after 5 days previous loan is repaid.
-   Each next loan or prolongation: +2more family contact person.

Big thanks for this summary, i think it will help a lot of people to better understand how micromey works.

HyunBin

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Quote from: Daisuke on November 15, 2017, 02:58:43 AM

Quote from: basesaw on November 15, 2017, 02:55:38 AM

Quote from: iamlds08 on November 15, 2017, 02:37:14 AM

exactly. another thing is the crab mentality that the competitors here may bring to MM. i am into the ideology of MM in lending micro loan to poor but we cant tell what competitors bring. i just hope that the team will be able to conquer all those problem upon launching here. goodluck team MM!

I know this system already exist in the philippines. try searching tala philippines. they have a working platform and it is very easy to use. I dont know if they are into cryptocurrency but I know the system is already working.

I have heared that company early this year. Some of my friends are using their service and I think they are satisfied with tala's service.

I see once the Tala Service, but can you see how much achievement of MM in the previous year? I think , MM is more reliable than the Talal Just my own opinion.

rebrik7

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Quote from: HyunBin on November 15, 2017, 02:45:36 AM

For those who are interested .This are some requirements and rules when you applying on MM based on their website.

MAIN rules:
-   Loan should be less 40% of salary.
-   1st loan – to bank account ONLY.
-   Second loan – Bank account or Payment system.
-   Minimum loan term to borrow bigger loan – 14 days of using money on current step.
-   Next loan can be taken after 5 days previous loan is repaid.
-   Each next loan or prolongation: +2more family contact person.

Thank you very much for short summary about terms and conditions. But I can't to say that it is suitable for everyone.

bigcash2011

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Activity: 1442

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I think after the ico they should expand their services and provide more and more new products like utility bills payment, currency exchange, funds transfer, remittance and many more to be called as banking solutions for the unbanked.

Daisuke

full member

Activity: 281

Merit: 100

Quote from: mongkie on November 15, 2017, 03:02:50 AM

Quote from: rchstr on November 15, 2017, 02:53:24 AM

Quote from: HyunBin on November 15, 2017, 02:45:36 AM

For those who are interested .This are some requirements and rules when you applying on MM based on their website.

MAIN rules:
-   Loan should be less 40% of salary.
-   1st loan – to bank account ONLY.
-   Second loan – Bank account or Payment system.
-   Minimum loan term to borrow bigger loan – 14 days of using money on current step.
-   Next loan can be taken after 5 days previous loan is repaid.
-   Each next loan or prolongation: +2more family contact person.

So first timers who have no bank accounts cant lend to their company?

how can they serve the unbanked if the main credentials is bank account? sounds illogical

YES, Maybe they will take an action to this system as they dont know what kind of rules our government has. They can adjust their rules if thats the case.

mongkie

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Activity: 630

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Quote from: rchstr on November 15, 2017, 02:53:24 AM

Quote from: HyunBin on November 15, 2017, 02:45:36 AM

For those who are interested .This are some requirements and rules when you applying on MM based on their website.

MAIN rules:
-   Loan should be less 40% of salary.
-   1st loan – to bank account ONLY.
-   Second loan – Bank account or Payment system.
-   Minimum loan term to borrow bigger loan – 14 days of using money on current step.
-   Next loan can be taken after 5 days previous loan is repaid.
-   Each next loan or prolongation: +2more family contact person.

So first timers who have no bank accounts cant lend to their company?

how can they serve the unbanked if the main credentials is bank account? sounds illogical

rchstr

sr. member

Activity: 546

Merit: 256

Quote from: Daisuke on November 15, 2017, 02:58:43 AM

Quote from: basesaw on November 15, 2017, 02:55:38 AM

Quote from: iamlds08 on November 15, 2017, 02:37:14 AM

exactly. another thing is the crab mentality that the competitors here may bring to MM. i am into the ideology of MM in lending micro loan to poor but we cant tell what competitors bring. i just hope that the team will be able to conquer all those problem upon launching here. goodluck team MM!

I know this system already exist in the philippines. try searching tala philippines. they have a working platform and it is very easy to use. I dont know if they are into cryptocurrency but I know the system is already working.

I have heared that company early this year. Some of my friends are using their service and I think they are satisfied with tala's service.

I know tala is present for a while in the philippines but they are not that well known here. Maybe if micromoney will have a good marketing in our country they can lure many users.

iamlds08

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Activity: 490

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Quote from: Rhona Ponse De Leon on November 15, 2017, 02:42:02 AM

Quote from: iamlds08 on November 15, 2017, 02:37:14 AM

Quote from: jets567 on November 15, 2017, 02:25:44 AM

Quote from: iamlds08 on November 15, 2017, 02:20:03 AM

Quote from: Rhona Ponse De Leon on November 15, 2017, 02:13:38 AM

Quote from: chillcott on November 15, 2017, 12:34:51 AM

Quote from: contradiction on November 15, 2017, 12:25:17 AM

Quote from: iamlds08 on November 15, 2017, 12:17:05 AM

Quote from: Rhona Ponse De Leon on November 15, 2017, 12:09:46 AM

Quote from: jets567 on November 14, 2017, 11:40:00 PM

Quote from: chillcott on November 14, 2017, 11:29:03 PM

Quote from: contradiction on November 14, 2017, 11:23:51 PM

Quote from: globalcitizen on November 14, 2017, 08:52:52 PM

Quote from: dev.samal84 on November 14, 2017, 03:44:12 PM

Quote from: contradiction on November 14, 2017, 01:03:16 PM

How would you apply to loan when you don't have a bank account? Can anyone think of this?

They need you to provide bank account details for the loan disbursment in Fiat currency.

Not exactly. Bank account is not a must for you to secure a loan from Micromoney. But if you do have one good. The loan scheme is targeted at the population without bank accounts who will be connected to MicroMoney services through MicroMoney money partners and via the Mobile App.

I try to download their application, but it says it not supported philippines. When did micromoney want to support my country which is philippines.

i think because the micromoney office here in phillipines is not open yet thats why the phillipines is not included on the apps, but the whitepaper said the micromoney office here on phillipines is ready to open anytime soon.

from what i've read they are targetting unbanked sectors of the society so logically speaking it will be a confusion to set a requirements requiring bank documents right?

Accurate Sire, Therefore they may use other sources of information from the borrowers just like getting our information from smartphone or online accounts. I think they have official standards to find our Original identity. I didn't know if I'm correct, please let me know the whole pictures that I did not see on Whitepaper. Thanks

.

based on my research,

Micromoney create an app that gathers 10,000 parameters. analyze big data using AI neural network scoring and this is enough to obtain approval decision is just 15 seconds.

that is the edge of MM to other competitors plus the credit history of the borrower is ready because it is digital.

Do you say it is easy to loan when you pass their interview? Is it convenient and fast for approval? If im right then i'm happy to use this Apps soon.

yes its easy to apply loan from micromoney you dont have to wait for days to get approved, they using this high tech algorithms and you can get approved in 15 seconds its really convenient for the borrowers.

Yes, Very Easy and Fast unlike the loan approval We have right now in any place here in Phillipines. No more hassle for gathering all documents they need. And the interest is very low and affordable.

aside from being slow in transactions, philippines also means FEElipFines transactions here are redtaped and full of fines and fees. it is good to have a fast and realiable lending company here like micromoney to revolutionize the money market here.

yeah i feel you too, i mean it's reall prone on our country. The "palakasan" system that's how we call it here. Where the one with connections are allowed to have the privelege and be hassle free on doing transaction like these.

exactly. another thing is the crab mentality that the competitors here may bring to MM. i am into the ideology of MM in lending micro loan to poor but we cant tell what competitors bring. i just hope that the team will be able to conquer all those problem upon launching here. goodluck team MM!

That is why this project "MicroMoney" is a blessings for the Philippines when it arrives here, this Symtem may give to us equality based on our needs. Yes and will stop others for using their connections or power to be first on line while others is patiently waiting to call their names for loan approvals.

i wish that the team will not be demoralized upon registration and initial launch. doing business here is as hard as algorithms!

Daisuke

full member

Activity: 281

Merit: 100

Quote from: basesaw on November 15, 2017, 02:55:38 AM

Quote from: iamlds08 on November 15, 2017, 02:37:14 AM

exactly. another thing is the crab mentality that the competitors here may bring to MM. i am into the ideology of MM in lending micro loan to poor but we cant tell what competitors bring. i just hope that the team will be able to conquer all those problem upon launching here. goodluck team MM!

I know this system already exist in the philippines. try searching tala philippines. they have a working platform and it is very easy to use. I dont know if they are into cryptocurrency but I know the system is already working.

I have heared that company early this year. Some of my friends are using their service and I think they are satisfied with tala's service.

iamlds08

full member

Activity: 490

Merit: 110

Quote from: HyunBin on November 15, 2017, 02:45:36 AM

For those who are interested .This are some requirements and rules when you applying on MM based on their website.

MAIN rules:
-   Loan should be less 40% of salary.
-   1st loan – to bank account ONLY.
-   Second loan – Bank account or Payment system.
-   Minimum loan term to borrow bigger loan – 14 days of using money on current step.
-   Next loan can be taken after 5 days previous loan is repaid.
-   Each next loan or prolongation: +2more family contact person.

well this sounds real tho. i am not satisfied with the 15 seconds AI assesment. well here in the philippines it is hard to have an i.d. if you are applying for an id your must have an id first. sounds crazy right? but this is true. the government here is not synced. another MM problem

basesaw

sr. member

Activity: 406

Merit: 250

Quote from: iamlds08 on November 15, 2017, 02:37:14 AM

exactly. another thing is the crab mentality that the competitors here may bring to MM. i am into the ideology of MM in lending micro loan to poor but we cant tell what competitors bring. i just hope that the team will be able to conquer all those problem upon launching here. goodluck team MM!

I know this system already exist in the philippines. try searching tala philippines. they have a working platform and it is very easy to use. I dont know if they are into cryptocurrency but I know the system is already working.

rchstr

sr. member

Activity: 546

Merit: 256

Quote from: HyunBin on November 15, 2017, 02:45:36 AM

For those who are interested .This are some requirements and rules when you applying on MM based on their website.

MAIN rules:
-   Loan should be less 40% of salary.
-   1st loan – to bank account ONLY.
-   Second loan – Bank account or Payment system.
-   Minimum loan term to borrow bigger loan – 14 days of using money on current step.
-   Next loan can be taken after 5 days previous loan is repaid.
-   Each next loan or prolongation: +2more family contact person.

So first timers who have no bank accounts cant lend to their company?

rchstr

sr. member

Activity: 546

Merit: 256

Quote from: iamlds08 on November 15, 2017, 02:20:03 AM

aside from being slow in transactions, philippines also means FEElipFines transactions here are redtaped and full of fines and fees. it is good to have a fast and realiable lending company here like micromoney to revolutionize the money market here.

This project aims to give people their first credit history. As we all know philippines is not that advanced to have such technology using the blockchain. Maybe in this project they will try how blockchain works.

Daisuke

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Activity: 281

Merit: 100

Quote from: globalcitizen on November 14, 2017, 02:29:08 PM

Quote from: contradiction on November 14, 2017, 02:00:09 PM

Quote from: RareFortune on November 14, 2017, 01:50:48 PM

Quote from: jomel on November 14, 2017, 01:38:37 PM

Quote from: contradiction on November 14, 2017, 01:30:26 PM

Quote from: RareFortune on November 14, 2017, 01:28:30 PM

Just some clarification that $1 million is their soft cap, the $10 million showing on the website is one of their milestone to achieve. the devs already confirmed this on their telegram channel

I see. Thank you for clarification now i know.

Know its crystal clear thank you for clarifying by the way mr.rarefortune how to join to their telegram channel? to be more updated.thanks in advance.

You are all welcome! I'm glad I could help people on this thread. you can ask directly the devs on their telegram channel as they respond quickly even though they had a large community.

Here's the link of their telegram: https://t.me/micromoneyico

Thank for this one @Rarefortune i will be glad if i join their telegram group.

The Telegram channel is open to everybody. You don't need anybody's permission to join. Infact, MicroMoney will be glad to have you join. So don't hesitate to join. Also, do remember that the ICO is just 3 days, 3 hours and few minutes to the end. November 18th is the final day. Go grab as much as you can @ https://micromoney.io

The channel of micromoney cant be accessed to some users. maybe telegram gave restrictions to some country. I suggest to use VPN if they cant access the telegram group.

HyunBin

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Activity: 742

Merit: 250

SURVIVE | P2E

For those who are interested .This are some requirements and rules when you applying on MM based on their website.

MAIN rules:
-   Loan should be less 40% of salary.
-   1st loan – to bank account ONLY.
-   Second loan – Bank account or Payment system.
-   Minimum loan term to borrow bigger loan – 14 days of using money on current step.
-   Next loan can be taken after 5 days previous loan is repaid.
-   Each next loan or prolongation: +2more family contact person.

Rhona Ponse De Leon

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Activity: 308