You are right, so I see the perfect combination of cryptocurrency functioning and the existence of banks. The main thing is that they can find a compromise and be able to interact so that for us, ordinary consumers, to benefit.
Topic: Hello crypto! Bye bye credits? - page 4. (Read 3155 times)
Cryptocurrency lending platforms work by connecting borrowers to a network of lender registered on the platform and borrower pays the loan.
Cryptocurrency leading and borrowing is readily available in many formats, some exchanges such as poloniex allows lending and borrowing services on the platform. I believe we need more of such platforms to allow more users to access funds on various platforms. I believe loan in cryptocurrency is highly possible with the right implementations.
I think that in the future this problem will somehow be solved and it will seem to many of us that the banks will continue to exist simply that they will use cryptocurrency instead of fiat
In my opinion, crypto is impossible to replace for banks, it mean that loan and debt still exist . Therefore , never say goodbye to debt
For loan money on cryptocurrency is not yet possible, because bitcoin is not yet 100% accepted as a legitimate payment instrument. One day there will definitely be a loan program in Crypto.
If you want to take loan in cryptocurrency, then just learn more about this project: https://bitcointalksearch.org/topic/ann-ico-mycryptobankio-cryptobank-for-cryptocommunity-preico-16072018-4484862. Number of such crypto banks is increasing, so you don't have to worry about this.
When bitcoin becomes a loan, it may be necessary to say goodbye to bank credit. But the problem is not that simple, because not all countries accept bitcoin, the ownership of bitcoin is not on behalf of someone but based on code. It will be a problem when credit is submitted, but the ownership of bitcoin anonymously while the borrower must include an identity for administration
It is for this reason that the banking system will remain relevant. Yes, part of the operation can take over bitcoin, but it will not completely replace banks.
Therefore, I do not think that banks will disappear completely, as they perform many functions that are beyond the power of cryptocurrency: mortgage, loans, etc.
I did not really considered credits in crypto because it is difficult. But i know there is one crypto lending company i encountered,they offer crypto loan like a bank. They just collect your information to become qualify. It is difficult to loan crypto because it is not stable like a fiat money.
Who manage and where to file credit loan in crypto? I think it's impossible for crypto
Unlike banking system have process documents about credit arrangements how much and when to start and end of payment
Unlike banking system have process documents about credit arrangements how much and when to start and end of payment
I wonder this: if the usual banking system will disappear as such, then she will leave and credit system, leasing and installment payment, debt, etc. As there is no centralized authority that can issue and track correctness of performance. To some extent, this is certainly good, but in fact people who can not immediately earn a large amount of money and will remain in the lower levels of life, which gives the modern banking system (though not ideal). What do you think about this? How to Take a loan in cryptocurrency?
in my opinion, if the use of crypto can be used like credit cards and banking, it will not leave the old one, people may still be using credit cards as anticipation if there is something unwanted. as well as "why do newspapers still exist even though electronic media has been spread evenly"
the banking system can't fade away, neither will it give way for blockchain technology. And the credit and debit system will remain functional, and there will be need to have a financial institution that governs the sub bodies, which is the banking system. So the banking system isn't going nowhere, rather, it will integrate the block chain technology into its system and have the financial ecosystem remodeled.
yes you're right you better trade on cryptocurrency and avoid credit that makes you become debt-ridden and will make your life miserable.
It is better not to deal with the credits - the cryptocurrencies are much better. However, I understand that some guys cannot live without any credits at all. It is their choice but not mine.
we as normal human beings, I think it will be difficult to get out of credit. even 7 out of 10 people who have great wealth. they are inseparable from credit. this is natural. because sometimes we prefer credit because it's more practical. even though we all know that on the beam, credit has a high interest rate that can drain our wealth. well, because crypto is one of the solutions for those who are stuck in debt from their bad credit. because crypto income is quite large, it might help alleviate those who have been trapped in credit
If you want to take loan in cryptocurrency, then just learn more about this project: https://bitcointalksearch.org/topic/ann-ico-mycryptobankio-cryptobank-for-cryptocommunity-preico-16072018-4484862. Number of such crypto banks is increasing, so you don't have to worry about this.
i think is good to taking into crypto world and not taken any credits system in the bank anymore, we know that crypto can make fast transaction and also low cost too, that was good in advance technology i think and for economic global
People nowadays still using crypto as a trading thing, for getting shot profit instead of using crypto as a payment system.
So, we still need fiat money or credits for trading, because not many people use crypto as a payment!
So, we still need fiat money or credits for trading, because not many people use crypto as a payment!
yes you're right you better trade on cryptocurrency and avoid credit that makes you become debt-ridden and will make your life miserable.
It is better not to deal with the credits - the cryptocurrencies are much better. However, I understand that some guys cannot live without any credits at all. It is their choice but not mine.
I think majority of crypto users are have no big debt.
So if you could tell to another person who are suffering financial problems to engage their selves to our industry.
There is a possible changes in their life to commit a good opportunity.
So if you could tell to another person who are suffering financial problems to engage their selves to our industry.
There is a possible changes in their life to commit a good opportunity.
Without a doubt crypto market is a great place for some one to develop financially but to get there knowledge and patience is significant without that it will be suicidal due to the high volatility in many digital currencies which is unlike other investing options like share market and property but with above qualities any one can improve there financial statues with even a low initial investment with time
High volatility is a major issue when someone seek crypto related help over current banking system because many digital assets doesn't have a stable price due to many reasons and for them to get stable might take some time that we anticipated because there path is to progress by facing criticism from media and many other centralized organizations in the world but they are doing a tremendous job when considering the demand some currencies like bitcoin and Ethereum has gained over the years so we must be patient to say bye bye to credits
The banking system are not going anywhere anytime soon. Credit cards are an easy and simple way to shop, credit card full of crypto already exist, so they don't need to be loaded with fiat, I already see people pays with apps on there phones, but they are slow compared to a credit card.
In a few years from now we would probably be able to pay with our body, as it will get scanned by cameras when we shop.
In a few years from now we would probably be able to pay with our body, as it will get scanned by cameras when we shop.
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