Topic: Hello crypto! Bye bye credits? - page 2. (Read 3155 times)
I think that it is possible but time is needed. This will not happen tomorrow already. In my opinion, you shouldn't say bye to credits now because crypto isn't accepted by everyone at the moment
i think the banks aren't going anywhere. they have too much control and the general and older public will always side with them
you know, many ico based on credit like what you thought take job here. but they are still credit, so you need more money to pay off what you borrow.
low class never know about crypto if no one want to explain it. and its difficult to life without something that existed before. so, how to create thing like previous without remove it, and it can walk a side together
low class never know about crypto if no one want to explain it. and its difficult to life without something that existed before. so, how to create thing like previous without remove it, and it can walk a side together
I am sure that it will be impossible to take loans in cryptocurrency because it contradicts the original idea of the creator
It is actually possible for anyone to take loans in the form of crypto-currencies as long as they are able to provide a valid collateral to secure their loan, but due to the huge price volatility in crypto-currencies, I think it is very risky to take loans in the form of crypto-currencies, as the amount to return might be higher than your initial loan amount when you are converting fiat into crypto-currencies.
I am sure that it will be impossible to take loans in cryptocurrency because it contradicts the original idea of the creator
Probably completely banking system will never disappear.Rather, it will be strongly transformed to the changed needs of customers.At least there will be state-owned banks.It's absolutely necessary.After all,in addition to ordinary people, loans are also often needed by businesses and companies.About any crypto credit here and there can be no question.I would not be surprised if on the basis of the blockchain there will be credit systems,but it should be for individuals rather than legal entities.
I don't think the banks will ever disappear. They can be reduced in number, but people will always need loans and other operations that can be carried out only by the Bank. Therefore, you can not say goodbye to this system.
instead of banks, people will help each other, and this will make the bitcoin blockchain, issue assistance in bitcoin. I do not think the banks will disappear. They may be reduced in number, but people will always need loans and other activities that can be done only by the Bank.
Soon, the only solution for the banking system will be the adoption of a blockchain and the introduction of smart-contracts.
crypto loan will be help to some individual to set there present situation of live, the problem remain who will agree to give it bitcoin out as loan because one price is not stable it can change within a second then automatically one side most run lost either the loaner or the loanee, and secondly before this that happen a body need to be set up to take in charge of refunding if not many will run away with loan.
this will be a every difficult task to setup.
this will be a every difficult task to setup.
I do not think the banks will disappear. They may be reduced in number, but people will always need loans and other activities that can be done only by the Bank.
First of all, people are interested in loans when the market is predicted and the currency is stable. For now, we can't say that the crypto market is stable.
But thanks to SSI (self-sovereign identity) platforms which help business (who can give a loan) and clients (who need a loan) assert their IDs > in this case, clients will no longer remain anonymous and almost all cryptocurrencies won't allow anonymous transactions. It will make the market more open and clear for both sides. But in this case, we do not take into consideration decentralized crypto exchanges.
Also, thank the Smart Contracts, the process of lending crypto will be much simpler and faster.
But thanks to SSI (self-sovereign identity) platforms which help business (who can give a loan) and clients (who need a loan) assert their IDs > in this case, clients will no longer remain anonymous and almost all cryptocurrencies won't allow anonymous transactions. It will make the market more open and clear for both sides. But in this case, we do not take into consideration decentralized crypto exchanges.
Also, thank the Smart Contracts, the process of lending crypto will be much simpler and faster.
I think it is too early that it comes true. Because the value of bitcoin and altcoins isn't stable and their marketcap is lower than fiat. If they happen in the future, we can say "Hello crypto! Bye bye credits!"
Mainstream crypto-credits may become real in future, but not now. Of course, there are some credit available on, for example, Bitfinex, but that's nothing.
I think that in the future it will be possible to issue the same loans only to cryptocurrency and that will be very profitable.
Cryptocurrency will not take a dominant position overnight. It must take a very long time. In addition, I can not yet imagine how it will cope with many tasks that the Bank is now performing, including mortgages, insurance and other similar operations. Probably, they will remain to exist.
It is unlikely that this system can disappear, as it is beneficial to the state, the owners of banks and the people themselves. In many countries, loans are very strongly developed ,and I do not know whether the cryptocurrency can somehow fully replace this system. Therefore, it is very likely that the banks will not go anywhere. Maybe they'll just take on a new shape.
I wouldn't be so sure! I think that we need to invest in crypto now because later the price will increase and we won't be able to earn on price difference like we can now because the price is good for buying now
I don't think the banks will ever disappear. They can be reduced in number, but people will always need loans and other operations that can be carried out only by the Bank. Therefore, you can not say goodbye to this system.
It would be cool to make credits or deposits in bitcoin officially in future. But for today, nobody can give you a garanty for future price of crypocurrency.
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