Author

Topic: Will bitcoin service be able to provide the loan (Read 552 times)

legendary
Activity: 1470
Merit: 1001
Its possible that one company want to start loaning bitcoins, but they need to be sure how they can recover the money in case that the user don't return it. Also there are companies that developed a market for bitcoin loans between users.
legendary
Activity: 1148
Merit: 1048
If your personal details are recorded in a way that makes you liable for the loan, yes, people and or services will loan you bitcoin. If you don't pay it back however, expect the same penalities that would apply had you defaulted on a fiat loan. Value is value.I'm sure your credit record will come into play, as it should in this scenario.
legendary
Activity: 1316
Merit: 1004
If we are comparing bitcoin transaction with banking transaction what about  providing loan

Yes.  People and/or businesses with bitcoins can loan them to you if they want to.

Absolutely... and if you think about it, it's kind of easy to see this connection and that bitcoin could easily be loaned out to people, from people; rather than people going to the bank. 

Bitcoin is meant to be a Peer to Peer cash system.  To do business, whether accepting payments, paying your employees, or whatever; bitcoin enables and kind of nudges you to do that sort of business with other peers that would like to provide that certain service.  Now, if bitcoin becomes more popular... then loaning services might become more centralized... but that's another story, I guess.
legendary
Activity: 1288
Merit: 1087
i don't see how it's ever gonna work while volatility remains, which will always remain. i'm talking proper loans, not the pathetic scamming that takes place on here and places like btcjam. pure and simply it's not suitable for a setup like that.
hero member
Activity: 518
Merit: 500
If we are comparing bitcoin transaction with banking transaction what about  providing loan



i think its possible,as long we dont see bitcoin from the price,let be bitcoin loan as bitcoin,not converted into Dollar or other currency,so i think its will usefull for many people,and i wish its relized soon.
legendary
Activity: 3472
Merit: 4794
If we are comparing bitcoin transaction with banking transaction what about  providing loan

Yes.  People and/or businesses with bitcoins can loan them to you if they want to.
legendary
Activity: 1512
Merit: 1012
Casinos aren't supposed to provide you loans... Cheesy
newbie
Activity: 84
Merit: 0
If we are comparing bitcoin transaction with banking transaction what about  providing loan


Jump to: