Topic: Hello crypto! Bye bye credits? - page 5. (Read 3155 times)
Actually I have seen some crypto projects recently that aims for crypto loans utility. Dapp platform such as ethereum and Neo has enable to create this smart contract tokens to function specific tasks and utility. I still think these two systems can still coexist but cryptocurrency in the future will surely dominate.
I believe that the banking system will never disappear, even though in the future bitcoin or crypto can be used as loans. Because in a loan will be determined the cost and interest that must be paid which in the end is determined how many installments to be paid each month from the loan.
Right now they simply take out the money from the fees which is colected in BTC and a long shot view of $50000 waters their mouth. Moreover, Banks are not gonna disapper anytime soon. Soon their is gonna be a parallel cryptoeconomy which will give a solid as rock competition to current world economy. Credit is part of finance which will never die. Only the capital available becomes cheap.
I do like the subject you are mentioning, but you have to keep in mind that loans and credits are a very fundamental aspect of the capitalism! Without any loans or credits, the economy would be weakened a lot.
To be all honest I do not know a solution for that right now, but I would say that in that case, p2p loans would become very essential
To be all honest I do not know a solution for that right now, but I would say that in that case, p2p loans would become very essential
Current electronic funds are mainly used as asset for investment, not yet used as much as a means of payment! The volatility of the currency is unlikely to happen in the near future.
Well crypto already has such application even now though. Even with volatility, demand for crypto is still quite high so probably in the future it can change the way people use credits.
Current electronic funds are mainly used as asset for investment, not yet used as much as a means of payment! The volatility of the currency is unlikely to happen in the near future.
Well crypto already has such application even now though. Even with volatility, demand for crypto is still quite high so probably in the future it can change the way people use credits.
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?
If you take a loan it all now depends on the arrangement or policy they made. Wether you pay it with interest no matter how volatile the market is or depends on the $ value (if fiat is still existing).
Avoid a loan is good way. Is better we join in crypto!
Because I'm sure crypto can help us and give us more profit. Crypto can give us some opportunity to earn more money because the future of crypto is very good. So this time we should say goodbye to credits and wellcome to crypto.
Because I'm sure crypto can help us and give us more profit. Crypto can give us some opportunity to earn more money because the future of crypto is very good. So this time we should say goodbye to credits and wellcome to crypto.
Current electronic funds are mainly used as asset for investment, not yet used as much as a means of payment! The volatility of the currency is unlikely to happen in the near future.
Electronic money lending will only be encouraged if it's price stability but I do not see it happening in the next 5 years. That ability is still far before it becomes a reality because of many complications. If crypto is used as a loan document, I think it will be difficult because there is no controller, no guarantees can be calculated, and even if Cripto is popular, I think it will be difficult to Get out of debt or credit, because it has become an inherent and difficult-to-change culture
despite the fall in the rate of the first crypto currency, its dominance in the market has grown to 43%. The last time this indicator was as high as April 12. The price of bitcoin is less volatile than that of the altcoyins.
Crypto loans will be a trend very soon and some crypto banks projects are already working with this new scenario.
The entire system will remain. It will simply be a personality rating, as in China. Instead of a credit history!
I think that there will be no credit and similar things at all if there is a crypto currency
there is already a cryptocurrency and infacted we are already using it but why there are still credit? people are still using a credit card aside from using a crypto and that means they still have a debts to pay .
even without crypto , back in the days where credit cards and banking system have not yet invented , people do already know how to borrow a money and other valueble things form their friends or any lending corporation because they cant produce a good amount of cash from working alone .
that scenario is also happening on the present time even if crypto and other payment system are alreaady invented .
yes you're right you better trade on cryptocurrency and avoid credit that makes you become debt-ridden and will make your life miserable.
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.
This is yes for cryptography for me. Knowing in crypto currency is one of the most amazing things I've learned in years that have passed since my first introduction accidentally. He earns my life and becomes even bigger every day. This is a system of redistribution of wealth into the general masses, and not corporate fraud, which we have in banks, where only the elite becomes super rich at the expense of others.
I think that there will be no credit and similar things at all if there is a crypto currency
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?
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
It's gonna go up. Mark my words. Check your wallet in December.
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