Topic: Sharia Compliant Lending Platform: World Coin Network (Read 226 times)

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https://www.benzinga.com/pressreleases/18/05/p11746828/middle-east-currency-crisis-is-driving-people-into-buying-bitcoin-at-r


Dubai, UAE (PRWEB) May 21, 2018

In the past few months Crypto currency exchanges are seeing record traffic coming from countries in the Middle East. As much 30% of exchange traffic now comes from the Middle East. This is vastly different than a year ago were almost no traffic came from the region.

The Blockchain Revolution is real and taking over all over the Middle East from UAE to Turkey. These customers are moving vast sums of into Crypto even as governments continue to ban them, but they are not moving into Crypto for investment reasons like China or the U.S. but because of fear of holding onto devaluing local currencies.

Many countries in the Middle East have unstable currencies and people are frantically trying to prevent loss of local fiat currency values. The Syrian Pound is down over 90% in the last few years, and even in stable Countries like Egypt has lost 62% in the last 5 years. Lately the mad dash has come from Turkey were the Lira has lost 13% in the past month and over 60% in the past few years. Troubling numbers if you have any wealth or want to save money for retirement.

Firms and wealthy people are running to Crypto in record numbers. The Middle East is in a currency crisis and creating pressure on businesses and individuals to find a safe haven other then local fiat currencies. Many people are saying if Crypto falls they will still be better off then dropping 13% like the Turkish Lira did this past month.

World Coin Network the future of Middle East Crypto Currency, announced today it has successfully launched on several exchanges. They plan to become the leading Crypto Currency of the Middle East and help millions of people through this crisis. They have teams working with local exchanges in several countries to help people safe guard their wealth.

WCN Coins are listed on the following exchanges:

1) Iquant Exchange - Based in Hong Kong
2) Karsha.biz - Based in Dubai
3) TradeDex - Coming Soon

World Coin Network initiative lending programs and payment gateways will allow WCN to be trading as easily as sending a text. More people in the Middle East need access to credit and access to Crypto Currency to help facilitate trade, stability, and create jobs. WCN is in the forefront of the Crypto Revolution in the Middle East. They saw this before anyone else and in great position to becoming the Bitcoin of the Middle East.

In coming months WCN will be announcing new partnerships with ecommerce websites expanding the adoption of WCN in the Middle East.

https://worldcoin.cash/

https://www.5iquant.org/
https://www.tradedex.net/


For the original version on PRWeb visit: http://www.prweb.com/releases/2018/04/prweb15447140.htm

Thank you!

Yes, we are currently working a the mobile app, this will easily enable World Coin Network (WCN) holders to transfer payments to each other with out any fees or Interest. Also we are actively working with several P2P lending platforms all with in Sharia laws.

We know this is an ambitious project, but we are very confident that we can make a difference in peoples lives, and create a prosperous active Middle East


Follow us on Facebook for up to date information and progress:

https://www.facebook.com/worldcoin.cash/

Looking forward to the the development of the project, can see a good potential in the idea of this project.

Unlike other lending platforms we do NOT charge interest. So our micro loans are more like investments in people who want to start businesses. Our goal has always been about helping people. Read our whitepaper and then let me know how we can do better.

https://worldcoin.cash/assets/V8-%20WCN-%20White%20Paper%20+%20Lending.pdf

we are not spamming of self promoting, actually we really want to help people. Announcing that we have a lending platform to allows for 0% loan partnerships, on a lending bitcoin talk forum is just perfect.

World Coin Network does NOT charge interest on any LOAN it gives.


Our goals is to provide partnership micro loans to people who have a desire to start a business.  We believe that people want to help themselves, and with our a partnership investing in their business shows our dedication to a prosperous middle east


Our terms upon launch will be published, and we are looking for any suggestions that will help this project move forward

Just google bitcoin haram.  Lots of clerical opinions that bitcoin itself is haram, let alone money lending.
Anyway lending is haram per se, it's charging interest on loans that is a no-no.

Lending out is definitely committing haram. Why do you think why he wrote out in his opening post about the number that are not able to have credit cards and take out loans. I would just love to see how they are approved as sharia compliant.
But now adays certain types within their religion just do not care. As they are just thinking they are smarter than the rest of those in their mosques and if they get away with doing it then they will do it regardless.

Just love to hear those british Liverpool fans chanting this:
https://youtu.be/3GsQ1XzTGFI
 

I guess it depends on which imam you ask but I read that Bitcoin is considered haram.  I assume that by extension all cryptocurrencies are haram as well.

Start a ICO and put it in the alt coin section just like anybody else here who is offering a coin.
This structure does sound a lot like the other lending platforms that seemed to erupt after the bitconnect scam that had happened earlier last month.
Those people's promoters just got served to appear in court.
So nobody is going to be throwing bitcoin or money into a project that remotely sounds like it anytime soon since the wounds are still fresh from that one.

That is indeed the nature and the purpose of lending section here at this forum.
If you want to promote-advertise something do it as all the other members here,without any trick-fishing posts all over the forum except the correct section.
This kind of "strategy" doesn't look good and for sure affect and your "product". A good project doesn't need this kind of promotion.

This section is for lending between individual users. Not for advertising your Lending Platform ICO. There's a difference between on forum lending section and the advertising of a lending platform. The former is a marketplace like concept for the convenience of the users of the forum and the latter is to be honest just a spam advertisement of your service since the aim of this thread is to just gather investments not to provide or request a loan as an individual.

Erm... I can maybe help provide some clarity cos seems like you might be a bit confused.

How much are you able to loan? What collateral do you want?  How much interest are you going to charge? How long is the loan period?

Can you provide answers to most of these questions? ....If not, then your post is in the wrong section.

We appreciate your suggestion

Although how is it any different than any other lending platform post?

You know that here is the Lending section of the Forum, right? Please, don't tell me that because it is related with "lending" you post iyour ANN here.
Move it to the proper section and good luck.

Project description*:



Link to Whitepaper*:

   https://worldcoin.cash/assets/V8-%20WCN-%20White%20Paper%20+%20Lending.pdf










ICO Listing Sites:
https://icolink.com/finance-ico-list/ad/world-coin-network,576.html
https://lastcrypto.com/icos/worldcoinnetwork.php
https://www.coinmarketplus.com/token/world-coin-network/
https://foundico.com/ico/world-coin-network.html
https://sangus.org/ico/1198
http://www.bitcoinx.com/ico/world-coin-network/
https://www.coinhills.com/ico/view/world-coin-network/
https://icoexpert.biz/icos/world-coin-network/
https://cryptocoin.news/ico/world-coin-network-wcn-ico/
https://icobuffer.com/projects/world-coin-network/
https://en.insider.pro/calendars/ICO/world-coin-network/
https://icosource.io/ico/world-coin-network-pre-ico/ & https://icosource.io/ico/world-coin-network/