[ANN][MicroMoney] The New Global Crypto Economy - page 96.

mongkie

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Activity: 630

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Quote from: ?? on ??

I has try to lend at micromoney use playstore application
that not instant after fill form waiting 24 hours business day and staff will contact you
after that if all clear your money will transfer to bank account
but at first loan give a little money like credit card give little limit

thanks for the review! btw in what country are you?

rdny

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Activity: 322

Merit: 100

Quote from: mongkie on November 14, 2017, 02:26:13 AM

Quote from: rdny on November 14, 2017, 02:21:30 AM

Quote from: among on November 08, 2017, 06:48:47 PM

Quote from: AndyGon on November 08, 2017, 09:43:06 AM

Quote from: bigcash2011 on November 08, 2017, 09:34:58 AM

Yes, i also noticed that, i would like to see how they plan to run their business and apps on blockchain.

Quote from: saimoooon on November 08, 2017, 08:13:58 AM

very little technical details on the projects, do you plan to expand the WP?

Why are you asking to put a lot of information to WP. Big WP is not good to. If it have 10-20 pages may be someone will read it. But if it will be 50+ it's to hard to read.

i think we have to take into consideration some signs that make an ICO unique and has a working product, if it Has a good Team with large professional experience, not only a whitepaper,

Whitepaper is like an abstract to a certain thesis, they are just sharing with you the key concepts and ideas and the basics of their business model. These information are then used by possible investor, user, developer and can also be used by a competitor. That is why it is important to share just enough but not too much to prevent loss of information and leaking of their trade secrets.

if you are an investor, you are keen on details and problem that the project may encounter because you are risking your hard earned money on it. the pages of whitepaper doesnt determine the whole project but the content itself.

Please do remember that as an investor, you have to do your due diligence. The whitepaper is merely an introductory documents for you to consume and understand what you will be possibly investing into. Investing also entails that you need a minimum level of understanding before you risk your so called hard earned funds. Also, investing your hard earned money is like going into a gamble, you will never know if your investment will give you a positive return or not, what you can do is to believe in the project and hope for its best. Trusting the development team is also a good thing, since it means that you believe in what they are doing and their capabilities.

I believe that investing in micromoney is an excellent idea since i believe in their project viability and the team's experience and expertise on the field. In addition, they already have a working business model which greatly increases their credibility for any upcoming investors.

-VOL-

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Activity: 504

Merit: 102

Quote from: micromoney on November 13, 2017, 10:36:19 PM

True, we are going to be listed on many platforms.

Check out this picture, we were discussing on how to be listing on BitPoint (Japanese exchange)
Check out Twitter for more pictures/updates : https://twitter.com/micromoneyio

Omg you are doing so much job, and your team working hard , to get all platforms around the world.
Relly again great neews from you!

rdny

full member

Activity: 322

Merit: 100

Quote from: exortis on November 08, 2017, 10:08:56 AM

What are you going to do to the customers who can not pay the loan?

As from what I have understood, there will be franchises in different countries to be set up by micromoney. In effect, these franchises will act as a legal entity which will then be in charge for sending the proceeds and even collecting from their area of jurisdiction. I think these franchises will also be responsible for all legally related issues that they will encounter like non payment of the loan due from the borrowers.

iamlds08

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Activity: 490

Merit: 110

Quote from: rdny on November 14, 2017, 02:27:18 AM

Quote from: micromoney on November 06, 2017, 04:45:33 PM

Quote from: BatkaFromMinsk on November 06, 2017, 03:36:22 PM

Hey guys, pls tell, does this kind of project have competitors?

Hi BatkaFromMinsk,

This website has made a list of some competitors on different countries :
http://iconow.net/micromoney-ico/

Tell us if you find anyone that has exactly though, we have pretty specific goals that put us ahead of the game!

Basically, everyone in the financial and lending sector is a competitor of micromoney. These may include but are not limited to banks, lending companies, cooperatives, loan sharks, government, non government organization inclined to the same purpose, micro lending facilities and such.

the direct competitor of this micro lending that targeting the unbanked are the loan sharks and peer to peer lending others have high qualifications before lending money. i am curios about the percentage of interest and mode of payment that AMM follow. can you provide charts or links?

mongkie

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Activity: 630

Merit: 102

Quote from: chillcott on November 14, 2017, 02:25:16 AM

Quote from: mongkie on November 14, 2017, 02:22:24 AM

Quote from: chillcott on November 14, 2017, 02:16:41 AM

Quote from: mongkie on November 14, 2017, 02:11:39 AM

Quote from: chillcott on November 14, 2017, 02:07:53 AM

i just read the whitepaper that micromoney can approved your application for the loan in 15 seconds and can give the fund in 1 hour. that was fast unlike any other lending company.

how do they screen their customers in 15 seconds? im just curious.

according to the whitepaper the client can get their money by filling the application form on their mobile app, the screening takes only 15 second by using the machine learning algorithms,

oh they are using AI to assess the credit score of each applicant. that sounds high tech to me! where can i see the form for me to try it? does this application is hack proof?

i think it is were talking about money and their using this high tech algorithms so maybe they using a great security system too.

it seems that i have to read more about their product and dig deeper on their process of lending. but overall the idea is good and it is a revolutionary move to target the unbanked sector of the economy. thanks for the answer mate! cheers!

rdny

full member

Activity: 322

Merit: 100

Quote from: micromoney on November 06, 2017, 04:45:33 PM

Quote from: BatkaFromMinsk on November 06, 2017, 03:36:22 PM

Hey guys, pls tell, does this kind of project have competitors?

Hi BatkaFromMinsk,

This website has made a list of some competitors on different countries :
http://iconow.net/micromoney-ico/

Tell us if you find anyone that has exactly though, we have pretty specific goals that put us ahead of the game!

Basically, everyone in the financial and lending sector is a competitor of micromoney. These may include but are not limited to banks, lending companies, cooperatives, loan sharks, government, non government organization inclined to the same purpose, micro lending facilities and such.

mongkie

full member

Activity: 630

Merit: 102

Quote from: rdny on November 14, 2017, 02:21:30 AM

Quote from: among on November 08, 2017, 06:48:47 PM

Quote from: AndyGon on November 08, 2017, 09:43:06 AM

Quote from: bigcash2011 on November 08, 2017, 09:34:58 AM

Yes, i also noticed that, i would like to see how they plan to run their business and apps on blockchain.

Quote from: saimoooon on November 08, 2017, 08:13:58 AM

very little technical details on the projects, do you plan to expand the WP?

Why are you asking to put a lot of information to WP. Big WP is not good to. If it have 10-20 pages may be someone will read it. But if it will be 50+ it's to hard to read.

i think we have to take into consideration some signs that make an ICO unique and has a working product, if it Has a good Team with large professional experience, not only a whitepaper,

Whitepaper is like an abstract to a certain thesis, they are just sharing with you the key concepts and ideas and the basics of their business model. These information are then used by possible investor, user, developer and can also be used by a competitor. That is why it is important to share just enough but not too much to prevent loss of information and leaking of their trade secrets.

if you are an investor, you are keen on details and problem that the project may encounter because you are risking your hard earned money on it. the pages of whitepaper doesnt determine the whole project but the content itself.

chillcott

full member

Activity: 308

Merit: 100

Quote from: mongkie on November 14, 2017, 02:22:24 AM

Quote from: chillcott on November 14, 2017, 02:16:41 AM

Quote from: mongkie on November 14, 2017, 02:11:39 AM

Quote from: chillcott on November 14, 2017, 02:07:53 AM

i just read the whitepaper that micromoney can approved your application for the loan in 15 seconds and can give the fund in 1 hour. that was fast unlike any other lending company.

how do they screen their customers in 15 seconds? im just curious.

according to the whitepaper the client can get their money by filling the application form on their mobile app, the screening takes only 15 second by using the machine learning algorithms,

oh they are using AI to assess the credit score of each applicant. that sounds high tech to me! where can i see the form for me to try it? does this application is hack proof?

i think it is were talking about money and their using this high tech algorithms so maybe they using a great security system too.

mongkie

full member

Activity: 630

Merit: 102

Quote from: chillcott on November 14, 2017, 02:16:41 AM

Quote from: mongkie on November 14, 2017, 02:11:39 AM

Quote from: chillcott on November 14, 2017, 02:07:53 AM

i just read the whitepaper that micromoney can approved your application for the loan in 15 seconds and can give the fund in 1 hour. that was fast unlike any other lending company.

how do they screen their customers in 15 seconds? im just curious.

according to the whitepaper the client can get their money by filling the application form on their mobile app, the screening takes only 15 second by using the machine learning algorithms,

oh they are using AI to assess the credit score of each applicant. that sounds high tech to me! where can i see the form for me to try it? does this application is hack proof?

rdny

full member

Activity: 322

Merit: 100

Quote from: among on November 08, 2017, 06:48:47 PM

Quote from: AndyGon on November 08, 2017, 09:43:06 AM

Quote from: bigcash2011 on November 08, 2017, 09:34:58 AM

Yes, i also noticed that, i would like to see how they plan to run their business and apps on blockchain.

Quote from: saimoooon on November 08, 2017, 08:13:58 AM

very little technical details on the projects, do you plan to expand the WP?

Why are you asking to put a lot of information to WP. Big WP is not good to. If it have 10-20 pages may be someone will read it. But if it will be 50+ it's to hard to read.

i think we have to take into consideration some signs that make an ICO unique and has a working product, if it Has a good Team with large professional experience, not only a whitepaper,

Whitepaper is like an abstract to a certain thesis, they are just sharing with you the key concepts and ideas and the basics of their business model. These information are then used by possible investor, user, developer and can also be used by a competitor. That is why it is important to share just enough but not too much to prevent loss of information and leaking of their trade secrets.

zemelax

full member

Activity: 490

Merit: 115

Quote from: mongkie on November 14, 2017, 02:11:39 AM

Quote from: chillcott on November 14, 2017, 02:07:53 AM

i just read the whitepaper that micromoney can approved your application for the loan in 15 seconds and can give the fund in 1 hour. that was fast unlike any other lending company.

how do they screen their customers in 15 seconds? im just curious.

If I'm not mistaken, you agree to access the phone, and do not scan all of your data and on the demo of this issue a decision, approve \ not approve, in my opinion so.

iamlds08

full member

Activity: 490

Merit: 110

Quote from: rdny on November 14, 2017, 02:15:20 AM

Quote from: globalcitizen on November 10, 2017, 05:43:49 PM

Quote from: amit2007gunjan on November 10, 2017, 04:22:50 PM

I read in the whitepaper that the project will be developing in Asia, Africa and South America. Why not in Europe or North America? Even in the most developed countries, there are many people without access to basic financial services.

You are right. There are still s level of demands for such services in some developed economies. But I believe that MicroMoney is concentrating on where the need is very high and that should be most developing countries. I think is a great way to start. Africa and Asia are great markets.

I cannot agree more on this. In fact, here in the Philippines, even when you have complied with their documentary requirements, there are some instances that they reject your application for opening a bank account. The bank officer told me that I should be a resident within their bank branch area of jurisdiction which was not included in their list of requirements for account opening. Although I have accounts with other banks, this is really bad since I was trying to open an account to try out if their services are better than the others.

that is why Micromoney is in need in your country. better read their business plan for the philippines https://github.com/micro-money/prime/blob/master/Countries%20Roadmap%20FULLY/!Philippines/Business%20Plan/Philippines%20Business%20Plan%202017.pdf

chillcott

full member

Activity: 308

Merit: 100

Quote from: mongkie on November 14, 2017, 02:11:39 AM

Quote from: chillcott on November 14, 2017, 02:07:53 AM

i just read the whitepaper that micromoney can approved your application for the loan in 15 seconds and can give the fund in 1 hour. that was fast unlike any other lending company.

how do they screen their customers in 15 seconds? im just curious.

according to the whitepaper the client can get their money by filling the application form on their mobile app, the screening takes only 15 second by using the machine learning algorithms,

rdny

full member

Activity: 322

Merit: 100

Quote from: globalcitizen on November 10, 2017, 05:43:49 PM

Quote from: amit2007gunjan on November 10, 2017, 04:22:50 PM

I read in the whitepaper that the project will be developing in Asia, Africa and South America. Why not in Europe or North America? Even in the most developed countries, there are many people without access to basic financial services.

You are right. There are still s level of demands for such services in some developed economies. But I believe that MicroMoney is concentrating on where the need is very high and that should be most developing countries. I think is a great way to start. Africa and Asia are great markets.

I cannot agree more on this. In fact, here in the Philippines, even when you have complied with their documentary requirements, there are some instances that they reject your application for opening a bank account. The bank officer told me that I should be a resident within their bank branch area of jurisdiction which was not included in their list of requirements for account opening. Although I have accounts with other banks, this is really bad since I was trying to open an account to try out if their services are better than the others.

mongkie

full member

Activity: 630

Merit: 102

Quote from: chillcott on November 14, 2017, 02:07:53 AM

i just read the whitepaper that micromoney can approved your application for the loan in 15 seconds and can give the fund in 1 hour. that was fast unlike any other lending company.

how do they screen their customers in 15 seconds? im just curious.

chillcott

full member

Activity: 308

Merit: 100

i just read the whitepaper that micromoney can approved your application for the loan in 15 seconds and can give the fund in 1 hour. that was fast unlike any other lending company.

mongkie

full member

Activity: 630

Merit: 102

regardless of the Token Distribution results, micromoney will scale its business to Indonesia, Sri Lanka, Philippines, Vietnam, Malaysia, Singapore, China, Hong Kong and Nigeria.
Nonetheless, a successful Token Distribution campaign will allow AMM to speed up the planned expansion, capture additional markets, and develop our products and services more quickly.

that is the promise of AMM with regards with the result of their ICO. that assures me as an investor to put my money in.

rdny

full member

Activity: 322

Merit: 100

Quote from: -VOL- on November 13, 2017, 03:39:11 AM

Quote from: jets567 on November 12, 2017, 11:26:20 PM

Quote from: dev.samal84 on November 12, 2017, 10:45:14 PM

Quote from: -VOL- on November 12, 2017, 07:09:55 PM

Quote from: Scambusterz on November 12, 2017, 06:38:39 PM

I really hoped that the team would raise the maximum capitalization, but what we see now is also a good result!

I hope so too, because more money project will collect now, more will be benefit in the future.

I also expected it to get sold out as it is a promising project. Anyways lesser coin is good for investors.

i believe it would be happening, given there are so many ICO's engage in financial sector but i find this one very different from others. it's fundamentals and principles are really astonishing which makes me believe thay they can.

I agree with you , the that this service already working for more then two years, make it far ahead of the rest.
And we invest our resources in already working product, not in ideas from WP.

Working from the financial sector myself, I cannot agree more on this. Their whitepaper is more of an expansion and globalization of their already proven business model that is already profitable in the countries they have been operating these past few years.

rdny

full member

Activity: 322

Merit: 100

Quote from: chillcott on November 14, 2017, 01:58:21 AM

Quote from: nelson4lov on November 14, 2017, 01:27:50 AM

Quote from: chillcott on November 14, 2017, 01:21:23 AM

hi devs and all the members of this thread! i have a newbie question since im new here, what is the credentials or requirements of micromoney if someone wants to borrow money? thank you

AFAIK, There are no requirements/collateral fir borrowing loans from MicroMoney. The team is building a micro-financing Platform without limitations. But be aware that the loans will not be much. But the loan amount will be increased with each successful loan repayment.

i see, so is there any scheduled date of payment if someone approve by micromoney?

According to their whitepaper, approval is more or less 15 seconds upon application and proceeds of loans can be received with in more or less one hour after approval at the specified medium like through bank accounts and money remittance services.

Topic: [ANN][MicroMoney] The New Global Crypto Economy - page 96. (Read 55013 times)