[ANN][MicroMoney] The New Global Crypto Economy - page 77.

mongkie

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Quote from: dev.samal84 on November 15, 2017, 01:56:16 AM

Till the point it is launched for Philipines, you can watch the below video on how MicroMoney mobile app works. Cheesy

https://www.youtube.com/watch?v=wKT-b523W1Y

thanks for the app review. i have noticed that it requires passport or id upon registration and the borrowing amount must be less than or equal to 40% of your salary.

my question is if the market is blue collar jobs that dont have salary slips would it be a problem?

plus the AI that screens in 15 seconds is after you have already registered.

and lastly you must input co worker or guarantor for you to loan.

the review is educational.please answer my questions in mind thankyou!

Rhona Ponse De Leon

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The soft cap is getting closer. Yes, micro money has solid team where it can drive the market towards micro money. Now they are making many partnership with other companies when they entered into crypto market and exploding their business to nation's.

Right Sire, the movements and performance of this project inside the market is great and We will see that it's getting closer to the peak. Very excited to have this project in my country, It will help a lot of people here in Philippines.

this will be happening for sure since it's partners are big ones and the devs are very active in order to fulfill their cause. I've supported the previous project of this team so no doubt they be nailing it for sure.

thanks for encouraging thoughts! a hero member like you gives me assurance that this project will turn out good! i invested money on it.

invest in your own risk! dont lean on person for you not to regret. by the way they have credible advisors and partners isnt that good for you?

i know that there are lots of legit partners that micromoney has i am pertaining to the experience of btc users and the credibility of the team to execute this huge project. A opinion from an expert btc user is what i am looking for.

@iamlds08 Yes Sire, comment from trusted colleagues here is addition to the trust we can share in this project but We know and it's our cargo if any changes or problems arise. And for me I can say 100% this project is not risky and it can even deliver great help to the people who reach this project.

in every business there is a risk and we must not blame anyone in our decision it is just good to hear that aside from me there are also believers in the project micromoney's tokenization and decentralization. and i see a low risk upon investing on it.

Thats true business is like a gambling you dont know if you will win or lose. But i believe that inveating in this project is worthy because there is a low risk in this project.

You have a point about it, if you are a investor. You will never go to a project that is not sure of profit. Maybe some take a risk but not too much at all. You need also assurance for your money as well.

that is what i like good projects with minimal risks like this micromoney project. aside from there is already a stable business, the plans for expansion is feasible.

you all have point when it comes to correlating risk and business, if you are seeing a less risk coz you base on the value that this project has raise i believe your assesment might not be that reliable. The ICO stage is really important we all know that, but the real struggle starts after it is launched. Which may depend on the devs and the team to handle it, from it you can evaluate the odds, and know what risk you are now taking.

what i am pointing of risk management is investing in a product that is already running for years versus product that is in the start up stage.
unlike other ico's, MM is running since 2015 and it is less risky because they already launched their pilot product in cambodia and myanmar which has the same scenario of philippines.
because of their expertise in emerging markets like CM and MYM their expansion might be good because they are prepared.

I agree with you old friends, on all projects made by businessman there are always administrators on things that can be a problem. And you're right that the company has a foundation since 2015 is have encounter many things maybe a good and bad things that's why I know that they are ready to face any changes and they know what action they need to do.

jets567

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

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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

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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.

iamlds08

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