Indeed, blockchain based digital forms of money are still in the essential period of advancement and I trust that these things are digging in for the long haul. Then again, banks will embrace blockchain innovation to enhance their present framework yet at the same time, I don't surmise that banks will bolster decentralized digital currencies whenever in not so distant future. With regards to credits, pay rates, I figure we will see some keen contracts to encourage those repeating undertakings.
It is strange that the blockchain technology is already very extensive and widely used in the field of digital technologies, but banks still do not want to enjoy the privileges of these developments. 
Topic: Hello crypto! Bye bye credits? - page 7. (Read 3144 times)
Cryptocurrency lending platforms work by connecting borrowers to a network of lender registered on the platform and borrower pays the loan.
Are there real examples of the implementation of this system? All that was looking in the network on this topic until it has a really working system that can be used right now to take out a loan in cryptocurrency. I guess the blockchain connected to ID and notarial informations could make crypto loan more safer.
We can imagine that if you don't pay the loan you get automaticaly sued through the blockchain?
I think loan is not relation with blockchain. Blockchain is more suitable for system which normally close but now it can be more transparent. With blockchain, there is nothing big change about loan but its more benefit if we use for government to reduce corrupt.We can imagine that if you don't pay the loan you get automaticaly sued through the blockchain?
Take a loan in crypto is possible but it very risky because the prices of crypto unsettled.crypto is easier to use than credit cards.
How can you take a loan in cryptocurrency now? If you know any services iloi projects that can carry out this operation-I will be very grateful for the information.I guess the blockchain connected to ID and notarial informations could make crypto loan more safer.
We can imagine that if you don't pay the loan you get automaticaly sued through the blockchain?
I think loan is not relation with blockchain. Blockchain is more suitable for system which normally close but now it can be more transparent. With blockchain, there is nothing big change about loan but its more benefit if we use for government to reduce corrupt. We can imagine that if you don't pay the loan you get automaticaly sued through the blockchain?
That will be very soon in the future. But right now we have to face the truth that still not many stores, shops and restaurants are accepting crypto as a payment.
Crypto is better than credits as its faster to send money globally. But its less secured because one has to take care of his own money not the banks.
Cryptocurrency and lending is a very promising direction in the financial sector. The first banks that will be able to issue this and put into circulation will move to a new level and will be a few steps ahead of their competitors. Crypto is better than credits as its faster to send money globally. But its less secured because one has to take care of his own money not the banks.
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?
Crypto currency has started to be used in other transactions like in the payment systems. If we talk about loan in crypto currency, I think it is a bit difficult since almost all of us here are using pseudonym. There is no guarantee if credits will be paid.crypto seems to indeed begin to explore the world of payment systems
where credit card is currently more dominant in its use as a payment instrument
if only cryptocurrency offers the same thing, and with more complex and easy features, of course this will be considered by the majority of people to choose crypto rather than credit card
You must have misunderstood. We are not talking about credit cards, but about lending to the population by means of cryptocurrency. This can happen with credit cards, but it does not matter. Talk about something else. where credit card is currently more dominant in its use as a payment instrument
if only cryptocurrency offers the same thing, and with more complex and easy features, of course this will be considered by the majority of people to choose crypto rather than credit card
For my conclusion is somewhat hard to make credits in crypto, in light of the fact that the cost of coins is never the same or shaky. Perhaps it could be given a crypto credit in the event that you tie the advance sum into a solid authority cash and pay in like manner on an equivalent advance. In any case, it can happen, I'm the one content with that, cause I'm worn out with credit.
I think credit will always exist, look at this bear market for example. Now there are companies giving out crypto loans to crypto holders so they can put up their Bitcoin or ETHER as collateral and take out loans so they can survive without having to liquidate all their holdings. I am also in this situation whereby I might have to take out a loan to be able to survive the next few months in order not to liquidate the small holdings I have left that are now almost non existent. So crypto will now also have a lending system in place, just like normal banking instruments do.
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?
Yeah it is better than credit or even paypal i guess for it will just create a good and cheaper transaction fee. This is why that getting a good system like cryptocurrency will make other system look bad so this one is an example that having cryptocurrency system will take other people to turn away their heads on credits.
No matter how big cryptocurrency goes in the future time and tries replacing the bank sector, it won't be able to do it because the banking sector would always remain in the scene because people always require loans and various things for various things so what would happen is that the banking sector would adapt to the use of CryptoCurrency. That's what has to be done to survive, adapt. But giving loans through cryptocurrency would require some higher authorities to regulate it I suppose.
Indeed, blockchain based digital forms of money are still in the essential period of advancement and I trust that these things are digging in for the long haul. Then again, banks will embrace blockchain innovation to enhance their present framework yet at the same time, I don't surmise that banks will bolster decentralized digital currencies whenever in not so distant future. With regards to credits, pay rates, I figure we will see some keen contracts to encourage those repeating undertakings.
Take a loan in crypto is possible but it very risky because the prices of crypto unsettled.crypto is easier to use than credit cards.
Cryptocurrency lending platforms work by connecting borrowers to a network of lender registered on the platform and borrower pays the loan.
i think take a loan in crypto is possible but it can become very risky because the prices of crypto really unsettled.
That will be very soon in the future. But right now we have to face the truth that still not many stores, shops and restaurants are accepting crypto as a payment.
Crypto is better than credits as its faster to send money globally. But its less secured because one has to take care of his own money not the banks.
Crypto is better than credits as its faster to send money globally. But its less secured because one has to take care of his own money not the banks.
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?
Crypto currency has started to be used in other transactions like in the payment systems. If we talk about loan in crypto currency, I think it is a bit difficult since almost all of us here are using pseudonym. There is no guarantee if credits will be paid.
crypto seems to indeed begin to explore the world of payment systems
where credit card is currently more dominant in its use as a payment instrument
if only cryptocurrency offers the same thing, and with more complex and easy features, of course this will be considered by the majority of people to choose crypto rather than credit card
where credit card is currently more dominant in its use as a payment instrument
if only cryptocurrency offers the same thing, and with more complex and easy features, of course this will be considered by the majority of people to choose crypto rather than credit card
the bank system will never be lost and will still be there. and the credit and debt system is still valid. although crypto took over the banking sector sooner or later and this is only a matter of time because banks have been looking to implement blockchain technology
I hasten to assume that banks will introduce blockchain technology sooner or later in any case. The only question is how this blockchain system will work in the field of lending, because there are still a number of unresolved problems, such as privacy, volatility and the guarantee of return of funds. Jump to: