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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?

To take a crypto loan I think it is also like banking but it is very difficult because crypto does not have a stable price, and national banking will always run for the needs of the national community.

i have never considered about loan in crypto, seem like difficult and hard to process.

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?

The banking system will never disappear and the same goes for credit and debt. Even if crypto 'takes over' the banking sector would just adapt to use it (and the banks are already looking to implement blockchain tech and is only a matter of time before they do). Credit and loans aren't inherently bad either and people are always going to need loans and mortgages so they will just be issued on the blockchain but you will still need some central authority to do so.

I do not believe in loan though we have some blockchain based platform where some one can borrow example Debitum. Debitum just finish ICO not too long ago and the platform is operational. We also have loanbit. Do not worry about loan blockchain is loaded already.

Until now there is no agency or official institutions that specifically have these services. We are currently seeing more that these services are provided by individuals. The existing credit and loan features are not fully applicable. But with the passage of time then I am pretty sure that bitcoin will continue to grow and will have those features.

You can borrow some bitcoin or other coins to your friend but I think no company right now that allows you to loan some cryptos. Maybe there's ICO right now about this thing but I don't think its a good business since cryptoworld is a decentralized thing and even you ask for KYC there is still no assurance that you will get paid.

Thinking that in the future it will be very easy to take a loan in cryptocurrency. Credit can be taken much faster than in a Bank. As far as I know, there are already prototypes of such projects. Left to run work projects for lending in bitcoin.

I think that it is something that is possible but I think it will come further down the line.

Indeed, banking system is like integral part of the nation and through the international connections it does form the giant global network.

Do you really think that something big like that will disappear from the face of the earth at all? I mean what are the chances of that happening in reality, its next to zero.

They might get modified, they might be upgraded in the time to come but they wont disappear like that!  ;)

I am not sure why your question turned into crypto loans at the end of your post but I think you can visit the lending section in the economics. You will get better answer there only.

i don't know why people always think it is "live or die" situation when bitcoin is involved! there is a lot of middle ground here. bitcoin can become big while banks are still as big as they are. it doesn't have to replace anything and it doesn't have to die trying.
you say loans, that is just a service. if there is demand for loans in a world with bitcoin in it then banks or other institutes will start giving bitcoin loans!

With blockchain technology it is hard to imagine classical loans against property, but a couple of interesting crypto loan solutions have emerged in the mean time.

One is Salt (currently only available for US citizens), which offers fiat money loans (USD, EUR, and others) against bitcoin collateral.

The other is Ethlend, which offers ETH loans against other cryptocurrencies by utilizing smart contracts. Probably we are going to see more and more of these crypto loans in the near future.

Source: https://blockonomi.com/salt-vs-ethlend/

Salt and Ethlend are both far from the services Banks provide. I believe Banks are here to stay I know most people would not like to here this, crypto has a big role to play in the space in future but as long credits service is not crypo platform can meet this demands unless we want to be deceiving ourselves

Sure they're different because you still need collateral, even for loans that aren't even that big.
I wouldn't be surprised though if companies start offering loans without the need for collateral, maybe on a local level or something.

It's not like it hasn't been done before, but there's just too much fraud and defaults, when you're dealing with semi-anonymous people on the internet.

I think to take a loan or borrow in the form of crypto is difficult to do, because we know crypto has a value or price that is never stable for use in the value of the currency.

I don't think that banking system will just disappear because everyone will go on crypto. Banking system has evolved a lot and I'm sure that they can easily adjust as well. If you are talking about blockchain, banking system is the first recipient of this technology. They can replace their legacy system and used blockchain. But as far as taking a loan in crypto? I'm not aware of one already exist, but I will not take the risk of getting one because crypto is very volatile and you might end up losing more in the end.

that would happen only if the traditional banking system would be taken down leaving no traces. Which is not going to happen. I see blockchain as future of finance, but it will be rather a switching of data from traditional banking to blockchain

I doubt that banks will give someone their debts ...

Do not even dream that the current banking system will ever disappear. Crypto currency is not capable of causing significant harm to banks. Even if the crypto currency could destroy banks, the state will never stand aside from this process. Once the crypto currency would create a threat to the existence of banks, the state would severely suppress such an attempt, up to the complete prohibition of the crypto currency. Banks are an integral part of any state. A state without banks can not exist. Therefore, it is not necessary to conflict with banks.

It will be possible to take a loan in crypto if it is regulated like everything else is. When you will be personally liable with your property for the repayment of the credit. Until that is done nobody will want to lend their crypto if i have no means of collecting the debt

If you connect your ID, then you will no longer remain anonymous. So almost all top crypto currencies (that allows anonymous transactions) will be rendered useless. People will then have to use specific crypto currencies also. Again, since crypto currencies are decentralized, it will be hard for third parties to get involved on loan scams.

The banking system will not go away just blockchain technology is adopted for the banking system that has been used to be more efficient in the transaction so as not to interfere with services such as borrowing because although everyone will definitely need a loan when they really need it.

Well, blockchain based cryptocurrencies are still in the basic phase of development and I believe that these things are here to stay. On the other hand, banks are going to adopt blockchain technology to optimize their current infrastructure but still, I don't think that banks will support decentralized cryptocurrencies anytime in near future. When it comes to loans, salaries, I think we will see some smart contracts to facilitate those recurring tasks.

Crypto is till in the nascent stages and there are projects which are flirting with the idea of cryptoloans like bitbond etc. 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.

correct in the future cryptocurrency is seen as a form of fast payment without intermediation banking but I do not believe that the credits in btc

I think it's too early to say that the banking system will disappear. If this happens in the distant future. A crypto currency is only at the very beginning of its development path.

That's why i don't believe banks are not gong to go extinct with the emergence of cryptos, There is now way that the credit system would still be functional with cryptos if they are unable to track the credit score of the people since the whole system is decentralized and anonymous.

Maybe, but.. as you can see, everyone can create their own crypto, so what's stopping some bank creating their own crypto that will operate similar to fiat money and their terms? Honestly, that's the way I see most of the businesses going in the future.

I think that it is impossible to do this now. But technology is developing. Although I believe credit is a bad idea

That's actually why banks will never die - they are the main instrument of taking loans which are needed for businesses and ordinary people.
Personally I don't know any institution that would give you a loan in BTC. There is a separate thread on bitcointalk.org dedicated to lending BTC or getting loans of BTC but this doesn't seem to be very reliable.

What is the reason for someone to take a loan in BTC? The only thing I can imagine is trading, because if you want to take a loan for everyday spendings in fiat, and the price of the BTC doubles, you will end up in a real trouble...
The opposite can make sense, to take a loan in fiat and pay it back from BTC income, but that's way too risky for the average joe's, still.

if the usual banking system will disappear like that, then it will go and the credit system, lease payments and installments, Because there is no centralized authority that can issue and track the performance truth. To some extent, this is certainly good, but in reality people who can not immediately get a large sum of money and will remain at a lower level of life.

If mass adoption does happen, then we'll simply see banking services shift towards catering for bitcoin. Even p2p lending that is happening right now is a form of credit, and it's impossible to actually eradicate "credit" or "debt" itself.


Exactly.

Institutions will continue to exist, and it would be absurd to think that they will disappear solely because bitcoin and other cryptos are now a thing. Lending will still be a thing as well. It's just the currency that's different. Bitcoin can coexist with the traditional banking system, and serve as an major alternative for people to store their wealth and transact on.

I think this is a very hard-easy thing with kyc system, but i can't see further how the system work naybe it's not much different with bank in generally. I never thought how much that will be interested on this thing. For example, Debitum.


Debitum Network is an innovative hybrid ecosystem for small business financing - utilizing Ethereum blockchain based process together with principal and interest moved using fiat. This ecosystem based on decentralized and motivated communities brings together SME borrowers, local and regional risk assessors, debt collectors, insurers as well as global investors with interconnected trust-based smart contracts.

to take a loan from bitcoin it will not flexible like in the bank but maybe someday there are many services about loaning with bitcoin that will booming in this forum or crypto world beacuse as we cansee right now we can see that there are so many ICO project that will solve all problem in this world using blockchain system and maybe the loaning will be the one of the problem that will saved by ICO proejct

Well, banking system won't leave anyway.

Banking system might get changed but the need and crave for loan or credit will never be banished. They will remain as long as there is human in this earth. But loaning is not very simple in terms of crypto. Not only BTC, but most likely all the alt coins are unstable. So, loaning in a unstable currency is not something that you get often. Currently, Bitcoin is used as an investment, and I've never heard of investment being loaned.

It is very hard to loan crypto because of its volatile price. Anyway, fiat money always co-exist with banks so in order for what you had stated to happen, fiat must be extinct. To that end, crypto can never imitate the whole banking system in any ways possible.

It is the decentralization that brings us to any financial interaction with individuals. And here the main question arises, who will act as the controlling body in this chain. Of course the system is the blockchain in many respects it is easier, but nevertheless it does not have the legal underpinnings until now.

Of course, how to explain this to people who are generally far from crypto-currency and blockchain? In the third world, the average salary of 20-30 dollars and it is difficult to take a loan in the usual, hard currency. And here is a complex system involving at least minimal technical knowledge. This is impossible even at the level of thoughts.

Well, how do you imagine this is possible if the blockchain system implies a "history" of operations, which on the one hand proves that a person is responsible for his actions, but on the other hand if you did not have the opportunity to carry out any financial transactions before, but you need a loan? So far, this is not possible. Only small loans from friends.

So far, I have not seen cases of lending in cryptocurrency. I mean, official agencies. In General, this is a good idea for a startup or ICO, but it is not clear how to reproduce it technically, since a working scheme with a creditor and a guarantor based on the blockchain is needed. This is a good way to move the brain and bring the monetary system to a new level.

Crypto can be used in different types of payment it is less in service fee have friendly approach affordable  now is to say goodbye of credit.

  How do you imagine it is possible for a Bank to issue a loan in bitcoins? The Bank must either have its own personal tokens or it is not needed at all, since the largest resources in bitcoins are currently owned by private individuals. This is the beauty of bitcoin and the whole blockchain system.

However, you'll be better off dealing with an anonymous person whose financial history is available to any user thanks to blockchain than with identified users showing you a purchased income statement. Agree, this makes sense.

  To ban cryptocurrency is the same as to ban the Internet. While there will be the attention of people, the crypt will only grow stronger and develop, and the ban will bring it only more attention, and therefore new minds will be engaged in more and more careful improvement of the system. This is a vicious circle in essence.

Fully support! It remains only to settle the moment with the guarantor when lending. It is very important that the security was at a high level, because in the case of fraud, the state will not be able to help. And in General, no one here will not be able to help)

Still, I can't understand how a centralized body - a Bank can take a decentralized blockchain system as a basis. Unless, of course, the banking system itself will not be revised in its essence and will be a system of private loans, but the basis of the total monetary pool of users of this Bank. But this is just very doubtful.

How exactly is the logistics of the lending process built? Someone has to act as the borrower and someone guaranteeing safety body.

Now there are a lot of projects on the market that offer users to take or give a loan cryptocurrencies at a certain percentage and for different times you can take out a loan in cryptocurrencies from these projects having fulfilled the terms of their contract. Also i think in the near future there will be banks that will provide credit conditions for users in cryptocurrencies.

What projects? Are there any examples? I occasionally see in the Western and American press, thematic resources a hint of like ICO, but nothing specific at this point in the EOY area is not met. If you have any other information, I would be happy to share it.

Until now,there is no such company which provides bitcoin loans.Its high volatile price might be another reason for any authorities not providing such services.

yep, this is why banks always hate crypto and always issue bad news about crypto
because crypto has the potential to displace all services in the banking
when that happens, then the conventional bank will not have any more customers

It's really true that the price of bitcoin is very volatile in short periods, not to mention long-term loans. The problem can be avoided if you tie the loan amount to any official strong currency and pay in accordance with the loan equivalent.

I think that the system of banks will remain, but it will belong to individuals, and possibly to one particular person who owns a full set of knowledge of the whole Bank.

What kind of banks? there are links to sources?

Cryptocurrency with savings and loan I do not think there is and can not be done because in my country bitcoin not become the official currency can be used as a system of sale and purchase transactions and savings and loans, even credit

It is not that difficult to process. You will need to provide a collateral to be able to access the loan just like what is done in the banking sector. There is a section of this forum called Lending, https://bitcointalk.org/index.php?board=65.0, that is into that. But the problem is that if you default in repayment on time your account will be painted red.

Well there are ICO projects already aiming to have a loan for a crypto and i do not know how it works. I was just actually having some interest with the project since i myself had also gone to banks to get a salary loan. I have my first salary loan in the bank when i bought a subdivision lot near to my work and now i am still paying that lot which is being deducted to my monthly salary for the its montly ammortization.

The introduction of cryptocurrency will not have much effect on banking system like credit , loan and other essential services offered by banks. Crypto can exist while banking activities will still operate , but not to make it disappear.

As the crypto is the currency of new era as people prefer that they don't have to carry anything except there cell phone to buy anything by paying through digital currency through the wallet in there phone.This phenomena has started in some parts of the world

Banking system will never disappear exactly for the reasons you've listed - credit system and leasing.
Too many people are tied up by conventional crediting rules. Of course there are services where you can a bitcoin loan, but they are not as widespread as traditional banks.

I think it is good idea but take note of the volatility of cryptocurrency. It would not be good to both sides if the price falls or rise in large amounts and the interest of loan will also get affected.

sometimes i still prefer credits, but it's gon be yesterday soon for crypto users.

And you are faced with the companies, where at the moment, perhaps lending to the cryptocurrency? It would be interesting to know more information in this stream. Unfortunately, I have not seen such people yet.

This is the case-any cryptocurrency must be tied to a hard currency, and if there is a hard currency, then there are banks and the entire classical financial system. Actually a vicious circle, but this is the question - how to get out of this circle and find a way to lend to a cryptocurrency based on blockchain

Loans are a necessary measure for people who want to live now but do not have the opportunity to earn the necessary amount of money in a short period of time. Such a layer of people will always be there and if the crypto-currency market solves this problem in its field, it will be a leap to a new level of crypto - economy.

If I'm not wrong have offer for the credit's herein crypto currency take a look at the lending section of this forum bitcointalk have some crypto's investor offering installment system as lending company and learn it how to be qualified LENDER.and of course if the cryptos replace the traditional money the credit card offering by the bank are end.

i dont know about the loan in bank system but for the bitcoin system i found many website that offers the loan or you can be the investor for loan and you will get the profit if you loan your bitcoin to another people, i think the best sytem to give a loan is do KYC so if the loan is not paid the institution can find that people

it never disappear, maybe about 20 or 30 years)) it is a huge kind of business. But i think banks in future studied to be competitors to bitcoin

I see a lot of things putting the future of crypto currency under doubt. But I think that it will develop and improve on the contrary. I see good growth dynamics, so it's too early to say crypto currency good-bye ;)

You can obtain some bitcoin or different coins to your companion however I think no organization right now that enables you to advance some cryptos.

I don't think bitcoin loan or credits is possible, it is different from any banking institution. And the value of bitcoin and cryptocurrency is volatile in nature. It is hard to put standards in bitcoin as decentralized blockchain technology.

I hope it will be the fact that the presence of this bitcoin, which I feel today is far from appealing to credit.

because our credit is in debt, because our credit has big interest, we make the effort to get the money just to pay the credit bill, while the need of money is very much.

yes I hope with the presence of this bitcoin can benefit the crowds.

 banking system will be always alive because they are many people is that don't believe Bitcoin and go to the bank

 I will be very happy if in the near future it can be real because it is not always comfortable to have many credit cards

banking will surely remain while crypto currency dominating every sector of a country although in some point loan from decentralised is possible and can offer better service banks would not allow to lost people from their side so another way of excellent service will be offer.

Until now,there is no such a company which provides loans in crypto currency.But in future,when banks adapt cryptos they might start giving loans in crypto currencies.

I do not think the traditional banking system will disappear, but it certainly can adapt to this new trend that cryptocurrencies are bringing

Crypto loans will be a trend very soon and some crypto banks projects are already working with this new scenario.
For instance, I joined Baanx and Bankera ICOs.

Yes, it is not possible that banks will adapt cryptocurrency platforms and allow this business as their diverter source of income instead of having offer traditional banking system scheme only. But traditional banking system will not be vanished but rather they will find ways and means to adapt cryptocurrency technology to get people attracted in banking system with cryptocurrency acceptance. So people minimize to go for loans or credit but rather invest their crypto's owned through banking system might be offered.

Indeed, banks in the future may adopt the cryptocurrency and crypto loans will appear but I just can't imagine how does this work but may we a more advance technology in the future they can implement it. But for know as what I have read in some article there are banks that adapt blockchains and sooner or later they may also adapt the cryptos. But I just don't think that traditional banking will disappear as well as the fiat.

That is very difficult to implement because the Crypto market is still not widely accepted. In particular, it carries many negative things such as fraud, security system is very easy to penetrate and unsafe transactions.
There are many things that need to be corrected before putting into everyday life. I think we should not put too much trust in Cryptocurrency. It is in the stage of consideration for existence.

Banks will still continue to exist even if we fully adopt the cryptocurrency as our own bank it is still the foundation of our governments funds and they are all connected as one. Being decentralized is surely have an ease on thinking because no one will know all of your transactions.

The blockchain-based platform, crypto currency is at their developing stage it is very early to predict things but someday maybe crypto loans will be offered.

I think we shouldn't worry this because in time this will happen seeing on how technology evolve from time to time. And as early as now I'm seeing crypto loans by peer to peer though I'm not sure if it's really safe to join and trust crypto people though somehow it's being escrowed. And now some icos had launched their lending platform yet it isn't that hit, maybe after it completed their roadmap it will make cryptos boom again.

that's very true once, now crypto lg is growing in various countries, maybe when it's been developed, crypto lending will happen, and credit will slowly disappear

This is a very promising direction and although loans in cryptocurrency today seem fantastic, but someday they will become a reality.

Don't quite understand what you mean mate, but if it is another then you obviously have the wrong address)

Thanks for the link - will read. And you have already worked on this scheme, or maybe someone from your friends or acquaintances? For some reason I think that this system is clearly not finalized and requires optimization and careful analysis by professionals.

It sounds good, but how will you look for a person somewhere in Central Asia while in Europe and most importantly WHO will do it? As you know, KYC can be forged by taking the documents of another person. Ie in fact you will have nowhere to go if you decide to cheat and throw money.

Well, given the fact that the main competing banks within a single country are not so many and if you look at how many competing coins in the field of the crypt now - at the initial stage of its development, you can confidently say that the banks are very much behind with their Fiat currency and this trend will continue. I think it depends on the age of generations)

Well, in fact, no one is saying goodbye to cryptocurrency - even on the contrary - we only welcome it. Banks are losing ground and this is quite expected. Analyses show that by about 2025 the banking system of Fiat money will weaken completely and the cryptocurrency will reach new unprecedented levels. Well, we can only hope so)

Adopting of cryptocurrencies is a good choice it can earned a nice living by investing and trusting credit disappeared  we're on big profits here a good creation  to enter new generations ways of making money faster to grows. Banks still remain thier good legacy to hold individuals account strong and safe also I have sa salute to them also.

I don't think the banking system will go away the next many years, but there business model, where they print debt money, out of the thin air, they can lend out will be  challenge.

I think this trend is not for long, given the speed of development of the crypto market and the speed of change of crypto currency with Fiat money. Let's look at the analysis of investors in the second half of the year and then the picture will become more clear.

Here the question is how to develop a credit system that it meets all the security requirements and at the same time had a large percentage of the Commission and ease of transfer. If the last point already has some clarity, the first two are still under big question. What do you think about it?

The fact is that there may come a time when the Fiat currency will simply become unprofitable. And then the credit system will clearly move to the crypt, but in what form it is not yet clear.

If bitcoin did not have such a run in the price in a short period of time and would be more stable in the market, it would be possible to find ways of lending, but while it is tied to the Fiat currency, we will take loans in the usual banks.

Do you believe that with the advent of bitcoin to absolute power in the stock and money markets, the need for loans will disappear as such?

The times are changing. Early man also could not believe that he wait a couple of years and instead of a pizza he would be able to buy a huge mansion and a few cars) Life is unpredictable and that's fine.

I think this situation ha s long process to be discussed with. The fact is there may cone a time when the fuat currency will simply become unprofitable. And then the credit system will move to crypto, so this is not clear for the credits. I think this was also a big question for now.

It seems to me that the currency will be universal, tied to a certain price and you can pay for a product or service.

Interesting opinion. It seems to me that there may come a time when the cryptocurrency will serve banks, and banks will serve the crypt and adapt to the powerful dynamics of the crypto market. Here and there will be a natural selection in the field of financial Affairs.

Moreover, the Fiat currency has already suffered a certain collapse in the market over the past few years. The final decline of the current financial system is only a matter of time and this time is rapidly approaching every day faster and faster and the financial market and investors feel global changes. It's obvious.

Do you have any idea how you can give credit to cryptocurrency and how to find a person if he just does not get in touch? Here only until fantastic history and assumptions - not more.

Have you ever seen ICO projects that focus on lending in the cryptocurrency sector? It would be interesting to look at current developments and where the minds of the world are looking at developing new credit conditions based on blockchain.

The government will blockchain tech anywhere except banking......they don't deny tech .... the thing is they can' t believe a tech like this for their monetary system

For me I guess credits will still be there and maybe in the future credits will join crytos, I am not sure but everything is possible in the internet. Let's just see how this will work soon.

Rigth now, many banks platform in cryptomarket, like banca, bankera and others. But recently i am reading on some article, bank will accepting cryptocurrency deposit. I hope its become reality because banks have good insfrastructure on economic like lending and saving

This may happen in developed counties like US but developing countries are not ready for this. Most of the people there prefer to use banks only.

Crypto currencies can make you financially stable so why take a loan. Debts is bad for everyone it can make your life stressed. Yes there is a money in crypto but we have to consider also on how to be a good spender. we need to save for our future and we should be responsible in dealing with our money in order to avoid loans. But it is also good to know loans on cryptocurrency for big business opening that needs large capital with low interest.

I completely disagree with the bolded statement. Crypto will be not looked as somewhat as a stable job for you because the market is very unpredictable. Of course there are people who made a lot of money here, but I'm sure that they didn't get there in short amount of time.

So I wouldn't advise for any loans to be taken just for crypto, chances are you will have a difficult time paying those loans. Don't gamble on that, so wouldn't be disappointed when the price goes down and paying them makes its harder.

It's not only the developing countries that prefer banks, believe me. People all over the world are not ready to give up on taking bank loans, though it was proved hundreds time that they are evil itself.
And the second party - banks - are even more unlikely to give up on such a profitable thing. They really do earn a lot from these loans. That's why they spend so many on marketing, and finding new slaves debtors.

To tell you ,I have experienced credit cards and I find it tempting , everytime you go out their shopping ,dining, groceries I  used to have credit cards , its hard you are always chasing your debts, this the life of credits, if you can not control it you will be like in jail, but with this joining cryptos , credits will go bye, especially if you are hardworker in cryptos you can gain much in cryptos especially bitcoin, so if you could make a lot crypto saving in your wallet ,so you can use this instead of credits to your purchases.

yes you are right you should leave credits because with cryptocurrency you can be more secure and can get profit very many transaction by using cryptocurrency also more comfortable and safe than using credits.

I think in the near future there will be banks that will provide credit conditions for users in cryptocurrency because now there are many projects on the market that offer the user to take or give a loan of cryptocurrency at a certain percentage and for different time you can take loan in cryptocurrency of the projects. this project after fulfilling the terms of their contract

Credits will be history in coming years. More and more people are shifting to crypto because of the convenience it offers.

I also never thought about it. But a few months ago I met a project that offered such services. (credit in the crypto currency). They even collected soft cap and is on the stock exchange. In general, the project is poluetsya success. But I personally never take loans. I earn myself

That’s actually not something possible if not regulated by the government. Cryptocurrency has a tendency or one of its proporty is its unstable natire due to its decentralization. But if properly regulated and if the government or the financial institutions have made a rule or policies concerning what to do with the price. Otherwise it would not be feasible and the credit system would still be there and has to live alongside with the other currencies in the world

Lets say hello to cryptos!!cryptocurrencies is a emerging currency today.It was decentralized currencies which also means that the government has no control about the ups and downs of it.Same as credits,cryptocurrencies is a cashless payment which enable a person to transact anytime,anywhere with just a touch of a finger into their co mputers or even on smart phones.No need to have a bank account instead a account called wallet.

Loans are extremely important for economic growth. While Bitcoin has a fixed supply (and thus doesn't support credit), the crypto economy itself has already figured out a credit mechanism: Creating tokens.

We're going to see loan services coming soon.

I do not think it's possible to do that, credit to banks is easy to lend, but with crypto it's going to be the widest, most manageable source of funds.

I think that crypto loans will be on the principle of a chain of transfers. I you, you me, I told him, etc. counterparts this scheme is already there now. Even I saw on the forum such ICO companies that develop a similar scheme, but not on bitcoin but on Ethereum. But this idea is very promising.

So you want to get a loan in a crypto I think it's just the same as our banking but it's very hard because a crypt does not have the price we can expect because there is no stable price in a cryptocurrency and a national banking has always been running for the needs of a national community.That is why the crypto is provided with a premium income and can be easily compared to such credits that it is easy to obtain but difficult to pay as long as the debts are discussed.

I don't think it's impossible with our technology today it is possible just like computer who would have thought that it would be that useful not just computer also our phones but before they become popular a lot of people is giving negative thoughts about them. So just like bitcoin it maybe not that be accepted by people today I know in the near future it will be as well as the crypto loan. It may be difficult to think how it may work but who knows it may be easier and has a faster transaction unlike the traditional bank. Change is constant so as the banking system may change.

In General, this is a good idea for a startup or ICO, but it is not clear how to reproduce it technically, since a working scheme with a creditor and a guarantor based on the blockchain is needed. This is a good way to move the brain and bring the monetary system to a new level.

I think the world of cryptocurrency knows no capital loans. The influence of prices and price levels that tend to change over time makes us not dare to lend capital to someone. Afraid of losing or so on

I'm very much confused whether there has any system like this or not.

Why do you think that bank system will disappear? Yes, it could be changed for criptocurrency. For ex., to take taxes from cripto deals and etc. However, any change in current system is rather long process

To take a loan in cryptocurrency is necessary first of all, that the cryptocurrency has been legalized in a number of countries. Not everyone will want to take such a loan, because you do not know how much you will have to pay.

I think the same. Even if we want to borrow money in cryptocurrency system, then the banking system is worth a try and applied. New results will appear. If good, it is quite possible that the way in banking is applied to cryptocurrency.

There are so many people who are taking crypto loan even on this forum all they need do is to get a strong collateral and with good escrow and the loan will be given with the interest that is accrued to it. But crypto loan is most time difficult due to the volatility of the Price of crypto since it did not have  a stable Price is always hard to cope with the payment.

It will be so, but it would be interesting to hear some assumptions and ideas on how to transfer the current credit system of Fiat money to the crypto-currency market, while maintaining its advantages and reducing its shortcomings as much as possible.

The main problem is that cryptocurrencies tend to change very dynamically in the price range in a short period of time. Technically, it is not difficult to make a Deposit, but how to ensure the stability of the exchange rate throughout the year, for example?

Frankly speaking, I am not sure that the US will be the first in the world to introduce a loan or a tax in cryptocurrency in real time on the traditional financial market. Rather, Japan and the European community are closer in this direction.

no people will desire a financial system that works, so they can use their money to travel around, crypto creates a ton of distrust, and imprisions those that work for money, while has those that create and define money rob everyone

It is not the loan itself, but that a person can buy a service or a necessary thing now, and will pay later or in parts in different periods of time. Of course credits is on the one hand slavery and debt, but on the other hand we live now not all turns out sarabeth desired amount very fast and the time passes quickly.)

It seems to me that the market with the gradual displacement of Fiat currencies and the replacement of their cryptocurrencies will become more or less stable (at least with respect to one or two major coins, as for now it happens with dollars and euros in the usual financial system)

The credit itself is not terrible (at least because it is voluntary) and if you have a head on your shoulders and at least a minimum financial education, the credit will not become a burden for you, but rather will help to open new prospects. It all depends on the person - the credit is absolutely neutral.

Basically the credit will not be lost and the bank has moved the world of crypto in order to provide loan funds through crypto currency at a certain percentage for different times of these projects after fulfilling the terms of their contract. 8)

But it's not about cryptocurrency) You can use your savings in the usual Fiat currency, but of course if you have them) I am sure that if a person has become a work in the usual financial system, it expects him in the field of cryptocurrency. Of course, as soon as possible)

If the Bank, all transactions are transparent, then of course it can easily move to a system of the blockchain and start to introduce the payment of bitcoin and tokens, but we know that not all banks are net game and have a lot going on that we don't know yet, but we will as soon as all the main processes will take place in the field of blockchain technology.

This can not happen. If we loan the crypto and when the crypto price increases we will have to pay a lot of money. I think nobody will agree with this

Be sure to provide as soon as possible to decide with the dynamics of the prices of cryptocurrencies and the volatility of the cryptocurrency market. For example, the recent collapse of bitcoin would have caused harm to all borrowers of loans in the crypt.

I absolutely agree with you. It is a pity, of course, that the government is not in a hurry to make friends in cryptocurrency and blockchain, but soon they will have to do it, because the new world is coming on the heels and the game will change in the near future.

Well there are ICO projects already aiming to have a loan for a crypto and i do not know how it works. I was just actually having some interest with the project since i myself had also gone to banks to get a salary loan. I have my first salary loan in the bank when i bought a subdivision lot near to my work and now i am still paying that lot which is being deducted to my monthly salary for the its montly ammortization.

What a dystopian nightmare all you guys are dreaming up. There is no need for state/third party actors, or Legal process in any of this;  you can do biological ID with no LEGAL identifiers... there are many working on this and this is crucial...

with Legal jurisdiction implied you are a slave, bound by antiquated laws drawn up by bankers to keep the peasants in their place and keep a constant funnel of fiat/national (LEGAL TENDER) flowing up to the elite. Crypto is outside of this jurisdiction until you try to re-enter the system via fiat/name. TENDER FOR LAW - Debt in transit - LEGAL TENDER... this the fiat military slave money.

The real open/decentralized cryptos will succeed in the end... with innovation that our minds cannot even remotely begin to fathom. This is the birth of crypto and we ain't seen nothing yet compared to what can be achieved through this.

Now there are several crypto-currency projects that are engaged in the creation of a decentralized bank. I think in the future these projects will translate into reality all the functions of the banking system among which there will be credit.

Thanks Raufjoze for the post! The crypto-enthusiast community really has great hope in the advances that can be achieved with these new ICO projects based on banking and finance. Some of the ideas that I have seen how to give credits to acquire Bitcoin, Open banking, Fintech and crypto-business needs. Only the time and the hard work the developers will take them to achieve these advances.

I agree with TheGodFather when says that it is necessary to achieve regulations between governments to introduce crypto to their countries linked to traditional banking. The community will still have to wait for the pertinent regulations to be established.

A lot out there but we should be able not to do credit in crypto as well, let us not make it as a practice as it is not good to have a debt under a name, for me as much as possible I won't go to debt as much as I can pay in cash.

I think that you should not place high hopes and expectations on the crypto currency! I think everyone knows that the most money is earned by early investors who bought bitcoin for less than $ 1. At the moment to earn on the crypto currency you need to understand all the subtleties!

Hi, follow this link (https://bitcointalk.org/index.php?topic=4467820.msg40087880#msg40087880) there is a recent discussion on how to join a bounty campaign. If you need to know more, continue to ask questions in the forum, the community will gladly help you.
The best of luck! :)

I completely agree with you! At the moment, at least inextricably hope that you can make a lot and quickly! The market is not growing at this pace, and the popularity of crypto currency is beginning to fade!

For me crypto should not made as credit.it is too hard to pay ur debt using crypto.this is just for me.i guess so.crypto is actual money moving here unlike credit so dont make crypto as credit.or dont say goodbye to credit.well i know possible too to have credit using crypto but it should be manipulate also by banking process to do payment as well.

if anyone knows about the world of crypto it will surely stay credit in the world and much better the first of the second it must take a long time .

If you have surplus money you do not like to send savings to get interest then you can come to the world cryptocurrency will always welcome you and cryprocurrency will give you more profits than that

There are actually ICOs around having a concept of letting people borrow or lend money through blockchain. One of them is MoneyToken (http://=https://bitcointalk.org/index.php?topic=3407082.0) ICO and it's giving borrowers the power to use their Bitcoin or Ethereum as collateral for their loans. If ICO like that will proliferate, i bet traditional loans will exists no more in the coming years.

Credits are always going to be in here, specially if we are talking about banks, credit cards, and all the other stuff that most people in here (including me) hate.

No, your view is not correct. Cryptocurrencies and government banks can coexist. Not that you die. This is meaningless. Credit is very important.

dont be so excited and ont assume too much because we are not very sure how long cryltowill be there in our side because we know that cryptoworld is unstable so..

The story is very familiar. Only I had a loan for a car with which I am still paying and this is a very, very nervous process. Therefore, the topic of loans on blockchain is especially interesting to me now.

No one rejects the notion that Fiat banks and the financial system built on hard currency in terms of lending is nothing but slavery in the 21st century. However, we are trying to find some way around it.

The fact is that if the loan taken in the ripta is used for projects that are built and involve the turnover of the crypto currency in their own business, then there is no problem because you will pay it at the current rate. but if converterwill in Fiat then it will come will bother ocens much.

Any innovative phenomenon in the world at its first steps of formation will always be unstable. But the fact that today we can pay for things and services with cryptocurrency gives great hope for its growth and development in the future.

  All right. The only variation of the adequate development of lending is blockchain and crypto-currencies, but the system itself is still in question and requires the intervention of good minds in the development of the technical process directly

What does the process of regulation of safety in the jumps of the course in cryptocurrency? It would be interesting to learn more about this. Do you have any experience with this project or maybe your friends or acquaintances?

Well, this is still unreliable, given that not everyone is familiar with the crypt at such a deep level. Here you need help and advice of specialists otherwise there is a possibility to lose all the accumulated capital.

Taking into account how quickly the technology and digital payment method are developing, there is not much to wait for. Maybe a couple of years - no more.

Since blockchain has the property of decentralization, the security issue is much higher than the usual banking system. No one and nothing at this point can surpass this technology and this is its main advantage.

No this thing is not possible in the early phase, Banking still plays important role and will figure to fix things if situations get worse.

The popularity of cryptocurrencies depends on the HYIP moments and it moves cyclically. after some time, the popularity of the crypt will grow up to the heavens again. According to my forecasts at the beginning of this autumn. So it makes sense now to purchase a crypt

At an early stage, of course not, but there should be prototypes and prerequisites for such services. in the future, they will be optimized and developed, but so far there should be at least some small sprouts.

it is possible to implement this by creating a stable cryptocurrency, or create a mechanism for its conversion. a loan is based on the ratings of the borrower.

Credits never die !  ;D

Fair enough, I'm just putting it to people here, that the "way around it" is by using cryptocurrencies correctly.

Those who don't know what Babylon/Legal/Fiat is, will continue to use it and give over jurasdiction (claiming to be slaves); those who are able to get literate in crypto-currencies , will be able to live freely without giving jurasdiction over to the criminal Private Law Society that claims the Earth for itself. Heaven and hell always exist as external manifestations of the internal metaphysical/angogical play of experience. The question is not whether you go to heaven or hell, but how much heaven/hell you are helping manifest with your intent/actions and words. <3

I get a little disheartened that so much of the crypto community is unaware of this aspect of bitcoin/truly decentralized+open and public crypto-currencies... but it is nice to see many do also :)

I have never made a loan through crypto currency. So far I have never heard anyone offer loans in the form of crypto currency. The real world of banking and crypto currency can not be separated. If we want to have crypto currency then the only way that can be taken if we do not have the capital that is by taking a loan in the bank and then to buy crypto currency or invest in crypto currency. Another safer way, better follow the bounty campaign patiently until you have enough income to invest in crypto currency.

No chance that the concept of credit will ever disappear really. Personal and business credit is like the oil that greases the economy. Risk and reward will always be there for lenders, and the demand will also always be there for people with cash flow or other issues.

we are talking about future, this is obvious one but are talking about near future or opposite? this is the real problem.

People with lower standards of living would have a serious problem because this type of system doesn't help anyone too much in contrast to the current one which care about the bad material situation of some people. Creating loans in cryptocurrencies would be difficult if at all possible. Bitcoin is so unstable that it could happen that someone take a loan for a certain amount of money and would have to return a multiple of it. For now, the situation in the world doesn't allow for the resignation of fiats.

My opinion is a bit difficult to make loans in crypto, because the price of coins is never the same or unstable. Maybe it could be given a crypto loan if you tie the loan amount into a strong official currency and pay accordingly on an equal loan. But it can happen, I'm the one happy with that, cause I'm tired with credit.

You're right, the choice is really subjective and purely individual, but here the point is that this choice must be in order to make it. If the crypt comes to the fore regarding the Fiat currency, then there is the option that the loans will disappear as a phenomenon. And this is very undesirable

At the moment, this is really the only adequate option for loans in cryptocurrency. However, it is not clear how the situation will develop if the Fiat currency will disappear as such and will be replaced by more progressive types of financial payments. Of course, I'm talking about bitcoin and blockchain technologies in trade and Finance.

It's not about whether the loan will disappear as such or not, but what would leave it at the same time adapting to new technologies such as blockchain. The main problem for lending now is decentralization and the lack of guaranteed control over payments.

To be precise, the future as such has already come: we pay for services without getting up from the sofas, pressing a button and it's fine. Then the world will develop in this direction.

That's right, but we're trying to look at alternative ways of lending. However, it is true that cryptocurrencies and other electronic financial transactions do not provide such an opportunity.

In the cryptocurrency the loan will be given only for the property, because now the crypto currency is needed only for bidding, and no one is insured against bankruptcy.
To that on these loans will be greater percentages + insurance. They can be given only at a successful coincidence of circumstances, after all already not 2017 when on Bitcoin have earned the capital. :-[

Taking a loan out denominated in crypto is like shorting the actual cryptocurrency. If the price goes down by the time you need to settle the loan you can make money. Of course that can work against you too.

There may be a problem with the adjustment of this process. The body that issues the loan does not matter what the client will spend money, it is important to the size of the percentage that will return after. In cryptocurrency this is a problem area, in the Fiat currency the situation is easier.

Smart contracts can help here. In fact, the process itself should be fully automated - meaning the adjustment of the exchange rate at issue and at the loan itself directly.

However, if a person took out a loan in the middle of last year, by December, his debt would have increased by 5 times ( when bitcoin made a large pump) and because of this, there could be big problems with the calculation of loan interest. This question of course remains open

I think this will be the time when cryptocurrency dominates the world financial markets because of the needs of investors as well as the prevailing crypto over current cash. Cryptocurrency is becoming more widely used and it promotes its growth.

in the crypto world, there are many startups growing in the lending field, such as FinTech which has existence from 2015 specifically for investment lending. connect all capital holders with capital seekers through peer to peer exchange.

to display any feature of cryptocurrency based investment, this company has a purpose to minimize the occurrence of friction in investment services and P2P lending.

Existing services include exchange, digital wallet, cryptocurrency investment services, decentralized loans, and also crypto credit cards.

of course it can not easily disappear, the credit payment system or lending funds from the bank is very useful, in fact there are many third parties,
who make credit cards from cryptocurrency, it means the credit system is still very much needed and much rerouted

The needs of investors are only in order to get the maximum profit with minimal costs. Therefore, they will invest where it is profitable. If one day cryptocurrencies become garbage, then we can forget about any investment in the crypt forever.

As far as I know, this company has now completed its activities due to the lack of dynamics in the crypto-currency market and high dynamic jumps in the exchange rate. In General, this situation was predicted. No wonder.

the existence of the credit system is very important, especially for regions with poorly developed infrastructure and the economic situation in the country. A person can get the necessary benefits and funds for business even with a minimum wage. And here is how he will dispose of them depends on him.

In fact, there is nothing wrong with lending or anything that should initiate the absence of this phenomenon in society. The only question is how humanity can move from the Fiat currency to cryptocurrencies while preserving the advantages of the second and the preservation of technologies.

Money through credit card/ Bank account/ Savings converted to crypto and crypto converted back to crypto when it's needed and this method will continue to exist as long as the government won't make a law that converted all money to somewhat the same with crypto. Like we will be having a card for our money instead of fiat/crypto/credit card.

there are so many project out there in crypto that have targeted the loan industry within blockchain ecosystem, this issue would become a peer to peer transfer within users.

All these would only be able to be addressed once crypto is around a lot longer and more advanced, I still can't think of a way at present for us to have a secure "loan" system in place considering there's not party to regulate loans, a system based on trust just wouldn't work out really

I totally agree with you that crypto currency is better than banking system in transaction. But I also have the same question with you about loan. How can crypto can be used in loan? Maybe there will be a ICO project will do that

With cryptocurrency, i think peoples still have a debt and not instantly free from debt, thats why many token have platform based on credits. I think banks still needed because banks have good infrastructure and playing important role on economy

No, your view is not correct. Cryptocurrencies and government banks can coexist. Not that you die. This is meaningless. Credit is very important.

There are a lot of opportunities, but not all of us are contemplating now. Many of them are closed or hidden in the middle of the system. You only need to open the door and everything will become obvious.

You can borrow a loan in crypto currency with the help of smart contracts that will oblige you to pay the amount with interest. This problem is very simply solved and is not the main one.

there is a lot of icos has a lending platform and that was a reliable example of what you thinking. however i dont know much on lending platform but there is a lot of difference every ico or every project and that was good because they have originality and vision to their project. but if i were you who wants to make a debt to ico i will review the condition very hard to understand all of the consequence.

I think banking system still active and always exist. Banks have a good system and able to adaptation with any bussiness model. I am believe lending and saving still exist in cryptocurrency and thats why many platform about lending and credits on market

i want more crypto right now because it has your own account but you need to creat a account and verify by using your id's or everything but the problem is in the crypto delay transaction because of many people are using crypto right now. im not using credit card and atm account im scared because i saw in the news people are complaining why their money was lost or someone are widrawing it i think the system of the bank was so weak i think

The most convenient way would be to create one universal wallet for all types of currencies, both Fiat and cryptocurrency. It would be most convenient for conversion and credit operations including. I'm not sure that's possible at the moment.

I agree that there are indeed many projects in this area, but none of these promising projects have been detailed close to implementation. So far, everything is on the level of ideas and startups, but the result is still unknown to us.

The main problem at the moment in the loan agreement is the lack of control and a very large dynamics in the run-up of rates. It is not clear how to avoid this. However, many companies are moving in this direction, but as we know, to no avail.

The fact of the matter is that there are a lot of projects moving in this direction, but they are still at the level of startups and investors, which do not attract what is available in the development of this sphere. I hope in the future will be a little more active is all.

I think that it is not necessary to take risks as you can earn but can lose as well. I m not sure that this will happen if you are smart in your actions but don't invest all money in crypto, only the half of income because you may lose more than you expect to earn

Banks will undoubtedly have to stay in any case, but their policy of working with cryptographic currencies will have to reach a new level. It is inevitable, so the world moves forward with evolution.

Here we are not talking about investing in cryptocurrencies or anything else, but how the banking system can implement cryptocurrency loans.

Do you have any specific examples? What I came across on the Internet about this topic is a very unconvincing examples of what may eventually emerge in a more serious project

Ahhhhmmmm I hope they will still consider the existence of fiat even though credit card in crypto is becoming popular with the he help of block chains... Since many people still don't know about crypto yet..

Actually there are still a few problem with cryptos for sure, the biggest one is the fee transaction, it's not stable at all and if you're doing the micro transaction then your fee transaction even bigger then the amount you want to send.

However, most people do not know about the development of technology, and most of the world's population does not even have an electric kettle. This is all clear, but the development of the Fiat currency in the crypt is so far obvious in the near future.

I think this problem will be solved in the very near future, when in the field of cryptocurrencies and the movement of electronic capital in the world will be provided and implemented stronger power. It's only a matter of time.

Yes hello to the crypto but not bye bye to the credits. Both have a different platform. Crypto isn't accepted by everyone or every sector. But credits is very popular to buy trade in any e-commerce website. Sad but not false that Credits is much popular than bitcoin.

Sure, the traditional banking system will disappear, but it must adapt to new trends that cryptocurrencies are bringing.

Agreed . cryptos nowadays is still questionable for most countries and most of them arent still supporting the use of it . therfore credits or any other known payment method are still recomended to use as when compared to cryptocurrencies .


no they wont. no bank will dissapear just because of cryptos . even if cryptos will become legal worldwide , there are still banks that we can use because we can only exchange our cryptos with the help of banks and any other  fiat exchange whether it is offline or online .

Cryptocurrency loan is not easy as like banking system but blockchain want then this is possible they can open a crypto bank and provide loans for peoples for security they can mortgage property of loan taker and required documents but now peoples is hesitate because bitcoin price is volatile so they think we will be in loss if price goes down also they think if government ban this currency then we they don"t have any option to recover their money.

Probably the best feature of cryptocurency is that unlike the bank whose internal workings are shielded from us, the blockchain is transparent and publicly auditable,  Loans can be easily implemented using a smart contract on the blockchain. So having no banks in the future won't be a problem.

Loans and bitcoin are two completely different financial directions, solving absolutely different issues. First, I mean loans, it is a process that solves a certain issue, and bitcoin is rather a tool. Do not confuse them, let alone compare the more.

The traditional banking system is currently very difficult to adapt to the cryptocurrency market and blockchain technology, as there is no controlling authority. The second main point that causes difficulties in adapting the Fiat currency under the lending system is the decentralization of data in the blockchain system. Once these points are settled then we can talk about loans in cryptocurrency.

I think that the value of crypto is very underestimated only because people simply can not understand these technologies yet.

To take a loan from cryptocurrencies would either be impossible or difficult. Bitcoins and all other cryptocurrencies are not centralized, and also the original identity of bitcoin owners are hidden. What happen to someones takes a loan today and dissapears the next day. There will also be uncertainties in terms of  the interest rates since Bitcoin is volatile.

This's true once even a lot of developers, which develop 'loan features' on the platform which they have created.


You can see it on icovoz.com (https://icovoz.com/). There, there are so many platforms that offer loans, hope you find the idea there.

There could be companies that will set up like banks and give loans with some interest. With the manipulations of tether there is a chance that similar manipulations could be employed to keep most cryptos less volatile should society go fully crypto.

There is a high probability that the cryptocurrency will be used in the future only as a means of investment and investing money and other capital. As the main payment instrument, it is unlikely to come to the fore in the classical economic system that exists in the market at the moment.

In the credit system as such, there are a huge number of advantages that overlap the disadvantages of this system. The most important and impressive is that a person not being able to immediately make a certain object or service (home or car, for example) can take a loan to afford it. Of course, to some extent this is financial slavery, but there should be no problems with the rational use.

Taking a loan in cryptos it can become very risky as this changes of prices can value from a big target to a smaller one in a matter of hours/days. I don't think the banks will ever approach something like this unless bitcoin is forced to be a certain price and I don''t think this can happen.

A few months ago I had seen an ICO project in the field of the loan. As we know that cryptocurrency begins to be applied to various human needs today, such as the medical field, cargo, transportation, etc. If the project is realistic and the system is in demand, it seems that the cryptocurrency loan will be more desirable.

I dont think that if crypto will be a oficial banking system the price will still not stable...the price of a cyrrency used  as a ofucial banking system must not have a 24h chane more than 0.5 % or less but the bitcoin in the best case of stability have 1 or 2 %

You need courage to loan in cryptocurrency because the  volatility of cryptos but you must check the always the price in bitcoin price chart to know how to sell your bitcoin in a right time. But if you learn how the right way to loan you can earn a lot of money do your research watch bitcoin how to loan or invest in bitcoin do not worry because it is profitable.

When the thing you said happening, then it would be a company who is running a loan by using a cryptocurrency, maybe it will be a bank itself, or the new company. So, there is a big chance to do it.

It must be admitted that the number of cases of credit card theft increasingly vibrant, this is what makes crypto easily accepted by everyone so popular in a short time.

I think cryptocurrency isn't have loan because if you take loan at high price you must return it at high price too and how if you take loan at high price and you want to return it but price is low at time? will possible sometime ahead that price will raise? not necessarily, therefore i think cryptocurrency is not have loan because the price isn't stable. :)

there are already many fintech that use crypto currency, but the loan system still uses the assumption of fiat value. This is still confusing but the reality is like that, but unfortunately this business is still illegal and can not be accounted for, but the fluctuation factor should have been understood by both parties who agree.

I find that it very difficult to implement a loan system in crypto currency because the crypto currency system itself is decentralized. If the crypto currency system is centralized so it will be easier to apply the loan model in crypto currency. I am also more pleased if the crypto currency system is centralized because indirectly we get a guarantee of the crypto currency that we have. The price of the crypto currency will also become more stable and the credit system easier to implement.

It will be difficult to return the money if the cryptocurrency rate remains as dynamic. For example, you will take a loan in bitcoins, and the coin will grow 3 times. If under the terms of the contract you have to return the loan in the same crypt, then you will also win from this. And if the amount should be returned in Fiat, then there may be difficulties.

Decentralization of cryptocurrencies, and transparency of the blockchain is undoubtedly a huge plus. However, there are moments that smart contracts are not yet able to settle: it is the dynamics of the bitcoin and altcoins exchange rate, as well as the lack of a controlling body that can return the money in case of problems or loss of the borrower.

I would say the opposite: the value of cryptocurrency is that people can not understand it. When it becomes available to each user, the demand and value of the cryptocurrency market will decrease. This is a classic example of supply and demand. When there is a lot of goods on the market, it is only a matter of time.

All say everything correctly and it would be all interesting to watch the project, which would take on the solution of these problems in the cryptocurrency market. This would definitely bring the entire crypto market to a new level, as well as give the team an opportunity to earn a decent capital. Let's hope that in the near future we will see something like this.

Thank you very much for the link, but I have already studied this site. Companies that offer there credit in cryptocurrency are also not reliable, as the problems discussed by us above remain unsolved. You can take a cryptocurrency on bail, but why do you need a Deposit if you already have a decent amount in the crypt? This is at least strange and not logical.

I think that it may happen that bitcoin will become a more stable currency in relation to the exchange rates of other currencies. Then it will solve the issue of loans by banks in cryptocurrency. However, while bitcoin is completely dependent on Fiat currencies, we cannot say anything reliable in this regard. There is a possibility that the situation will change towards the end of the year, these are only forecasts that tend not to come true.

It will be hard to restore the cash if the digital money rate stays as unique. For instance, you will take a credit in bitcoins, and the coin will grow 3 times. In the event that under the terms of the agreement you need to restore the advance in a similar tomb, at that point you will likewise win from this. What's more, if the sum ought to be returned in Fiat, at that point there might be challenges.

Credit in cryptocurrency would be very desirable) it Would be interesting if you shared a link to this project on lending to people in cryptocurrency, because I have at the moment this issue is as acute as possible and I am looking for any information on this issue in this area. I would be grateful for your help and any information provided.

I think it's only a matter of time. Once no one believed that bitcoin can grow into such huge amounts, and now we see it applied in practice. Technology and the human brain are running very fast forward and loans in cryptocurrency and a stable bitcoin exchange rate are not such a fantastic story. Everything could be in the near future.

I have been investing in bitcoin and altcoins for a long time and I am always happy with the developing progress in this area. The question is not how to take a loan in the crypto currency, quickly sell it and return the money, getting a percentage from this, but that when the crypto-currencies replace completely Fiat money and the usual banking system, how credit operations will work on the blockchain technology. Interested in the technical part of the question.

although bitcoin is completely dependent on the Fiat currency, we can not say anything reliable in this respect. It is possible that the situation will change towards the end of the year, this is merely a forecast that tends not to materialize.

If there will be a Bank that owns the vast majority of cryptocurrencies, it will no longer be a decentralized system, but an ordinary digital payment system like the ones we know now. The advantage of bitcoin is that it is decentralized unlike the usual Fiat currencies. Even if in digital form-it does not matter much. The essence does not change.

That's right, the case of credit card theft is really very large according to the latest statistical research and this area, however, in the field of cryptocurrency fraud and deception are also very large. You may recall nedavnego the story of cryptobiosis who stole about 100 thousand dollarov in cryptocurrency. It's really worth taking care of. Security is paramount in the digital world.

If you make the binding of the loan in cryptocurrency to the Fiat currency, then the principle issue can be solved. For example, you take$ 8000 which is currently equivalent to 1BTC. And you have to return the same will be $ 8000, regardless of how much it will cost bitcion at the time of return. It can grow and fall, but the amount of the loan should not affect. You know?

Trading in cryptocurrency is a very pleasant innovation over the past few years, however, there is still no great progress in the field of lending. A lot of projects and people are channeling their energy and resources into this area, but apart from a few outstanding projects, we have nothing to discuss yet. However, in the future, I personally very much hope for progress in the field of lending in cryptocurrency.

Stable price on the cryptocurrency market so far seems only a fantastic fairy tale. According to the latest data from the international financial organization cryptocurrencies are waiting for more strong aftershocks in the area of the course, therefore, hopes for calm in the cryptocurrency is still very early.

The terms of the contract should be clearly and clearly spelled out the rules of lending in cryptocurrency. If you take the coin and have to return it to the coin, the terms will be the same. But if you take the equivalent of FIAT money in cryptocurrency coins, the conditions will be quite different. This is the main point, which is worth paying attention to when it comes to lending in the crypt.

bitcoin depends not only on Fiat currencies, but also on altcoins. As you know, when large amounts are poured into the altcoins, the bitcoin rate falls very rapidly down, and when the cash flows are sent to bitcoin, the fit currencies fail. It's like a swing, which must be very carefully monitored, that would earn good money.

if banks may own a series of cryptos in their bank accounts,it wouldnt consider as decentralized because the banks has the access or controlled about the flow of cryptocurrencies that may result to the lending of some people who acts as bank clients.Thus,making cryptocurrencies as a major resources for businesses that may result to a financial growth of each economy.

The question mark behind your subject says it all.How is it possible that Crypto can kill the banks?Banks are here to stay.Still in many second and third world countries banking has not reached to every nook and corner.The banking might adopt Crypto's but crypto eliminating bank seems a vague possibility

You said hello crypto and bye bye credit right?  But then you were asking about loan with cryptocurrency?  So logically it is not good bye credit totally.  I don't think there would be such crypto banks from where we could get loans or such as well, and if there is, we could as well get our selves drowned from loan or credit, the way we do with regular currencies.

I do not think that banks will support decentralized cryptocurrency anytime in the near future. When it comes to loans, salary, I think we will see some smart contracts to facilitate repetitive tasks. Blockchain based cryptocurrency is still in the basic stages of development and I believe that these things are here to stay. On the other hand, banks will adopt blockchain technology to optimize their current infrastructure but still.

The flow of crypto conversions from the Bank will not greatly affect the situation on the market as a whole, since in the crypto currency it does not matter who has a controlling stake and all that thanks to decentralization. Even if you have 90% of the coins of this or that company, without a quick transfer of transactions it will be a dead useless cargo.

Why do you think that? History knows many precedents when new, more advanced and promising technologies drove out of the way old, outdated technologies. It is so obvious that even examples should not be given. Yes, of course, the Bank is a fundamental body, but credit is just a tool that sooner or later will be improved and updated. And, in my opinion, the cryptocurrency will play an important role here.

Money through credit card/ Bank account/ Savings converted to crypto and crypto converted back to crypto when it's needed and this method will continue to exist as long as the government won't make a law that converted all money to somewhat the same with crypto.but if i were you who wants to make a debt to ico i will review the condition very hard to understand all of the consequence.

Banks will remain afloat in any case, in whatever direction the development goes. The only thing is that the Bank will be more profitable - to use the crypto-currency market for its commercial purposes and interests or to go against innovations and development to maintain its position in the financial world market. We will see this in the future, but the Bank is only acting in the direction of benefits. A fact.

If banks still start the official use of cryptocurrencies for their commercial purposes ( including lending), then there will certainly be another alternative. After all, by and large, cryptocurrency is an alternative to Fiat currency with huge advantages in video anonymity of use, absence of taxes and decentralization.

The consequences are such that without certain legislation or at least a well-established system (completely transparent and logical in each step and action), no one will issue a loan without a guarantee of its return. Even if the percentage is very high, that the cryptocurrency market at this stage can afford.

I think this idea is not appropriate. Loaning on a cryptocurrency  maybe way difficult than loaning on banks. Also if this will happen, Bitcoin or cryptocurriencies should have more security for the safety of its loaners.

Of course, the security and guarantee on the part of the borrower should be at the level of official Bank documents, but at the moment the crypto-currency market can not provide even close to something like that, if we take into account such facts as theft of crypto-currency from wallets or simply a banal loss of password. This moment must be settled.

You're right it's not difficult for them to do this kind of thing.
Like blockchain technology because blockchain technology can be implemented into their own banking system.
Not that they do not believe, but they are not able to exploit and explore the benefits of bitcoin.

Yes crypto is unbeleivable! But it is true many now are facing the fact that what are the usual problems before is been cracked by this bitcoin,i heared some of my friends who got involved here that they are much better in their financial freedom now,all their debts has been paid they are no worries like how they got it before,.they are so blessed and achieve their fullfillment and dreams in life.,so thats why im here now,i wanna be like them hope so.

you can borrow to your friends or relatives or to your neighbors who have cryptocurrency

Some sites have already started this mostly in bitcoin (you can google them out) and is a bit flexible to operate and process. But there are some certain conduct you will need to meet.
Cryptocurrencies system is very wide and am certain it can also offer the services rendered in the banking industries if well support and accepted.

The banking system is still in operation and crypto is a different avenue all together. If the banking system is to be replaced by crypto, then what will be the bases for determining the value prices of crypto in fiat. This is because if banking systems die off, fiat dies to since all banks deals in fiat. It will be awesome to have a crypto ban tho. But currently, most countries are banning the use of cryptocurrencies.

I think loans are for banks alone. It is for fiat money alone. In crypto currency you cannot loan unless somebody will let you so. But it is so hard because its price is volatile.

What makes you sure the banking system will disappear? It is already obvious that cryptocurrency cannot compete with traditional currencies. Therefore, we can not talk about the death of banks.

You say a loan, it's just a service. if there is a loan request in the world with bitcoin in it then a bank or other institution will start giving a bitcoin loan!

All these and many more are reasons banks and governments are against crypto. I don't see such happening any time soon, however, we can't rule out any possibility of such.

What makes you think that? Your approval only has weight for old bankers who hold on to outdated financial management practices. The younger generation and young entrepreneurs are already coming and coming on the heels and they will be innovating in the banking system. Just time.

This is true. Many who managed to join the flow of investments in the wave of bitcoin HYIP are now reaping the fruits and feel very comfortable and well in financial well-being. However, it requires knowledge of Analytics and statistics in Finance. Many lost prakticheski all, investing in a crypt with no skills in its use.

This is not always possible, since many if they own such large sums, not the fact that they want to give it to someone without proper confidence in its full return. Not to mention the interest rate, which is documented in banks at the level of jurisprudence.

Yes, I googled this question, but further developments in the ICO did not go. Perhaps in the near future, this issue will be more relevant in the field of development, but so far we can not see visible and concrete results.

Most countries prohibit the use of cryptocurrencies only because they do not understand its advantages and are afraid of the threat of the traditional Fiat currency-monetary system. In progressive countries, people are happy to use cryptocurrencies and blockchain, and this greatly improves the quality of their life.

Everything is possible if the issue of price volatility is resolved. In any case, the value of the cryptocurrency will be tied to something else, be it Fiat or for example precious metals. And if we take as a basis the calculation of interest is the subject of binding, it can completely solve the problem of cryptocurrency volatility right now.

of course there must be someone who lends crypto currency. if there is an effort like that, it might be better. but with the refund conditions must be crypto. I think that will destroy one of the banking systems. but until now there has been nothing about crypto fund loans.

That sounds like a commercial, man. Perhaps your coin will become a new bitcoin someday (which I personally doubt very much), but we are here discussing the possibility of crediting in cryptocurrency.

Everything is possible. Now the technology is developing with great speed. More recently, we could not even know what cryptocurrency is and whether it can exist at all. The same thing with the banking system. You should understand that everything should progress and cryptocurrencies are the main vector of development today.

Already now there is a request for loans in bitcoins (I'm not just interested in this topic and discuss it here for the first day), but there are a number of problems that still prevent lending in the crypto currency. The main ones are the lack of a guarantee of return and high volatility of the cryptocurrency in the market.

It will happen either way, whether we want it or not. Cryptocurrencies will only evolve, progress and improve in the light of the fact that technology and the human mind is only going forward. So get ready for a new era of cryptography.

All right, but there are projects that are developing in this area. According to statistics, which is available for General review over the past year, there were about 20 projects aimed at lending in the crypto currency, but not one of them was not implemented because this sphere is poorly developed. However all ahead.

Banking system will not end because it is accepted in the whole world. While cryptocurrency not accepted. Other people use credits to buy their needs and wants and banking system has a lot of support and I don't think it is easy to gone.

I think banks will not die, because there are still some people that believing to fiat money and believing to banks so I believe that it will not happen, I am still happy that cryptocurrency like bitcoin came into my life.

the crypto currency era has changed a whole lot of thing including the conventional banking system and the schemes introduced by the bank with undertones that are greedy and comes with some hidden agenda.

I have no idea on how to take loan in cryptocurrency.  I don't like the idea of taking loan because i have no idea about how it is being process.  Maybe it will requires a lot before you get some loan.

it would be a process but it would work in a similar way that banks do

Indeed, the banking system is now grazdo more accessible than cryptocurrencies, but this is only because people are still very poorly aware of what blockchain and cryptocurrencies are. The situation will change dramatically in the near future.

The fact that people believe in Fiat currencies and the classic currency market, which is familiar to all of us, does not mean that people are satisfied with the situation in these areas. Cryptocurrencies can make significant changes to the game.

Nevertheless, the usual banking system still prevails to a large extent on the planet earth, and hence the situation, if it changes, so far in small percentages.

The technical side of this process is completely repeats itself in the classical lending scheme, but there is a moment of transparency of monetary operations and variations of various cryptocurrencies

Not really. In banks, the client does not see the internal operations of how the money processes work. In loans based on blockchain technology, you can fully observe the whole process. And not only you, but also any user of the network.

Well possible that could change the system into blockchain industry. As to more consideration may take place so it is not easy to replace the banking system. Since people still use this system and hard to predict the future since in crypto it is volatile.

Wow, this topic is very interesting if there is a loan in the form of crypto currency. Actually this can be made because crypto currency loans are very potential for success. Many people want to have crypto currencies and want to play crypto currencies at high risk but they don't have capital. If there is a loan for crypto currency, it will potentially get a lot of interest. I hope that there are parties who provide crypto currency loans by applying certain interest and certain repayment periods. It will be very interesting especially if there is an insurance company that can guarantee crypto currency ownership.

I am agree to you. Even though cryptocurrency is popular nowadays,still it needs an improvement and it has also a lack of service, crypto has a limitation because not all of transaction will made by it. Still we need the approval of the Government before we can used it everywhere and about the Credit card? Well, I think as of now, it is impossible to do because of lacking stable price and many more, but I think it could not be a Credit Card but it could be a Debt Card.

In the vast majority of cases, the behavior of the cryptocurrency is quite predictable, if you have at least a basic knowledge of the classical financial market Analytics. However, if you are a noob, it will always be unpredictable.

The latter is what creates the main problem in the development in this direction ( in my opinion, it has great prospects ). A person who has the skills to work with the crypt, if possible, take out a loan for a certain amount of crypto currency, can make a large profit in a short time for himself or for the person who gave him this credit.

crypto is easier to use than credit cards.

Wouldn't say. Cryptocurrencies require much more in-depth and thorough research for correct and productive use than a simple credit card purchase at a nearby Bank.

You can't compare crypto currency to national currency like that. How can you track your money when today it's 1 thousand, but tomorrow its value is just $700? Because the crypto currency is unstable, just like stock market, then you can't do it in that way :)

The fact of the matter is that the comparison is appropriate only when one currency is independent of another. In our case, the cryptocurrency is only a small sprout, which depends entirely on the value of the Fiat currency in the financial market.

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.

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

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.

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.

i think take a loan in crypto is possible but it can become very risky because the prices of crypto really unsettled.

Cryptocurrency lending platforms work by connecting borrowers to a network of lender registered on the platform and borrower pays the loan.

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.

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.

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.

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.

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.

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.

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.

This is the main difficulty. However, if we have a blockchain system that makes all transactions transparent and we can see a person's credit history. Smart contracts can also help.

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.

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.

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.

However, the blockchain can act as a guarantor of a person's credit history. This is one of the main problems that exist at the moment in the sphere of lending to the population with cryptocurrency. There is also a strong volatility.

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.

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.

Of course, banks are the main institution of any financial system (except cryptocurrency of course) and the only way to survive in the world of developing technologies is full and timely adaptation. No other options.

In General, it would be good to invent a system similar to paypal only with a focus on cryptocurrencies. Or what would paypal itself introduced the use of cryptocurrency bitcoin in its system.

The system of identification of the person is necessary, but here the anonymity of users is already erased, which is rather a plus in the system of crypto-currencies and blockchain. We are still thinking about how to resolve this issue.

It is not clear how this system will regulate the moment of cryptocurrency volatility on exchanges and markets. You can take a loan and tomorrow the price of the coin will fall several times and then there will be many questions and problems with the loan repayment.

That's right. It is best that any cryptomonet blya is tied to any Fiat resource - for example, to the dollar or, for example, a gold bullion. You can also use such as oil or securities. They are more confident to stay in the market.

When developments look very fast a while ago then we dare say goodbye to credit cards, but when the market continues to drop like now then we have to wait even longer to declare the credit card disappear.

Big Banks and governments are now aware about threat from Bitcoin and blockchain. They are still preparing to adopt change. Today, banks like JPMorgan and Goldman Sachs are experimenting with blockchain technology and cryptoassets. The core problem of these large-scale attempts to reproduce the power of the distributed ledger is that it might be too little, too late. The model of a new world of banking and credit is already revealing itself.

You know for sure that the market of Fiat currencies from time to time there are defaults and currency depreciates. Any economic model has periods of decline and this is normal. The cryptocurrency is the same.

its really hard to determine how much value you will pay in future. Crypto is not really good and not fit for loan. But many project are trying to make a loan in cryptocurrency real. Maybe in future it would be possible.

The risks and benefits are comparable, with this uncertain price is very potential with a very high risk especially if someone doesn't have enough knowledge. The solution from me is to play with your own capital even if just a bit.

Saying that fiat banking system will vanish, truly is a thing that would not occur this isn't on the grounds that fiat managing an account framework is utilized to dominant part nor is it in light of the fact that bitcoin can not really surpass the bank. Indeed bitcoin doesn't really need to supplant the bank to proof it's matchless quality.

Loan in cryptocurrency would only be advisable if it stablizes in price but I don't see it happening for the next 5 years. We still would do loan with banks and credits too. That possibility is still very far before it becomes reality because of many complications.

There are not so many complications. If we briefly analyze, there are two main problems: ananimity of the owner of the cryptocurrency, as well as strong volatility. It's worth it to explore that

The benchmark may be when borrowing Cryptocurrency at the current price.
All of them must have an initial agreement between the money giver and the debt requester.

Hopefully in the future there will be even better things for this matter.

If all the assets like land title and properties are already under blockchain technology, crypto loan is already easy and more convenient. All they have to do is to verify all your assets in blockchain and you will have your loan instantly.

I think that these two systems will merge into one because it is unlikely that we will move away from loans etc.

if crypto is used as a material for loans, I think it will be difficult because there is no controller, there is no guarantee that can be accounted for, and even if Cripto is popular I think it will be difficult to get rid of debt or credit, because it has become a culture that is inherent and difficult to change

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.

i think crypto should not made as credit.it is too hard to pay ur debt using crypto.this is just for me.i guess so.crypto is actual money moving here unlike credit so dont make crypto as credit.or dont say goodbye to credit.well i know possible too to have credit using crypto.

Lending in bitcoin is not a myth, or just another dystopia from greedy investors and financiers. Cryptocurrencies are the future of the entire financial system, which has already come and our task is to implement it in all spheres of human life.

It's gonna go up. Mark my words. Check your wallet in December.

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

I think that there will be no credit and similar things at all if there is a crypto currency

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 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.

yes you're right you better trade on cryptocurrency and avoid credit that makes you become debt-ridden and will make your life miserable.

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 .

The entire system will remain. It will simply be a personality rating, as in China. Instead of a credit history!

Crypto loans will be a trend very soon and some crypto banks projects are already working with this new scenario.

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.

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

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.

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.

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).

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.

Crypto can indeed be said to be an electronic fund and indeed many of the articles I have found if crypto is a place or place to invest, but with the continued development of technology, I feel volatility will be the main factor that makes crypto still not feasible as a payment instrument. But if there are many who will be willing to adopt crypto in this case adopting en masse, I am sure that in the future crypto will also be suitable as a tool for payment in the future.

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

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 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.

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.

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.

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 

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

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.

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!

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

If you want to take loan in cryptocurrency, then just learn more about this project: https://bitcointalk.org/index.php?topic=4484862. Number of such crypto banks is increasing, so you don't have to worry about this.

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

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.

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"

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

   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.

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.

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.

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

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.

In my opinion, crypto is impossible to replace for banks, it mean that loan and debt still exist . Therefore , never say goodbye to debt

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

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.

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.

I also cannot imagine the activities of the modern world without banks. And it is unlikely that cryptocurrency can become an alternative to mortgages, loans and other similar operations. But I'm not against banks. I am for them to start using the cryptocurrency.

It will be great if banks are bolder and start using at least bitcoin in their activities. I think it can significantly improve and secure the entire banking system in any country.

I have never liked the current world financial order. The system is so complicated to the extent that sending and receiving money across the globe has always been difficult. I believe bitcoin together with the world of cryptocurrency can surely solve most of the challenges controlling the financial sector.

It is not right to say this now. Because there are still many people who use cash or credit card. They have become habituated to this system. Lots of people are sure to get rid of this habit in the future. And that too started using Bitcoin as a currency.

Loan in cryptocurrencies shall happen if you allowed yourself to do it. No other people that will do it for you but you alone. Maybe it is good project to start specially if you have a wonderful ideas to attract the investors. Good luck to you mate.

Aside from the unstable price from volatility,another thing is the assurance of payments because cryptocurrency involvements is anonymous,what i am trying to say is about the collateral when we in need of loans.specially when it become higher how can someone send you a loan when you don’t even know each others

There is still need more time for credits and bank, and most of people use crypto.

It must be admitted that the number of cases of credit card theft increasingly vibrant, this is what makes crypto easily accepted by everyone so popular in a short time.

some people must be a lot to do the credit they want, such as cars, motorbikes or anything else that will never be unexpected and it will be very difficult to pay in installments every month.

In the next five years, the cryptocurrency will not be able to compete with the current banking system, because it is very slow, unregulated and unstable.

Crypto currencies can destroy banking community so that the government didn't allow to legalize the crypto in the country. Many investors from the government are involve in investing in banking business. Many of them will not allow to make any space for crypto because they will not and they cannot control the flow of money and exchanges of money in crypto world. It is impossible for banking companies to let go or go to the competition with the crypto business.

In my opinion, the government does not allow the central bank to disappear, because the central bank is the backbone of the government, and they can not let their spine be taken away.

Yes it is true, in my opinion crypto is a digital asset whose existence is on the internet, while bank loans are owned by the government in the real world, so crypto and banks will always be there side by side. But the government in the world will be good to legalize Bitcoin, because bitcoin will not interfere with your FIAT currency.

I think everything is possible and people can loan money in cryptocurrency each other

The bank will not be able to cool because it is protected by the government, so credit will still exist, which is a major source of revenue for the central bank as well as the government.

Your hope is the loss of the current banking model to be replaced with cryptocurrency, right? if indeed that is what you want, then actually what is the difference between the purpose of the bank and cryptocurrency. these two components exist in order to improve the community's economic system and to facilitate transactions,
honestly, I'm not ready to leave the FIAT currency and the bank from the government

I think banking systems will never disappear as long as we have the gap between the rich and poor. The rich will stick to keeping their money afloat and increasing through cryptocurrency investments while the poor may choose the previous option but they would most probably start from scratch through the banking system.

Well, banking system won't leave anyway. But technology is developing. I believe credit is a bad idea.

I think crypto and bank need each other because the money generated from the internet can be taken through credit cards or bank. yes, I agree as you say the bank is a place of loan owned by the government in the real world and crypto it is assets that exist only in the internet world, so they always side by side.

I do not think is time yet to say bye bye to the credits issued by conventional banks. The cryptocurrencies are still in the infant state with less than 10% usage. The two currencies that is crypto and the fiat currencies can compliment one another.

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It would be cool to make credits or deposits in bitcoin officially in future. But for today, nobody can give you a garanty for future price of crypocurrency.

I don't think the banks will ever disappear. They can be reduced in number, but people will always need loans and other operations that can be carried out only by the Bank. Therefore, you can not say goodbye to this system.

I wouldn't be so sure! I think that we need to invest in crypto now because later the price will increase and we won't be able to earn on price difference like we can now because the price is good for buying now

It is unlikely that this system can disappear, as it is beneficial to the state, the owners of banks and the people themselves. In many countries, loans are very strongly developed ,and I do not know whether the cryptocurrency can somehow fully replace this system. Therefore, it is very likely that the banks will not go anywhere. Maybe they'll just take on a new shape.

Cryptocurrency will not take a dominant position overnight. It must take a very long time. In addition, I can not yet imagine how it will cope with many tasks that the Bank is now performing, including mortgages, insurance and other similar operations. Probably, they will remain to exist.

I think that in the future it will be possible to issue the same loans only to cryptocurrency and that will be very profitable.

Mainstream crypto-credits may become real in future, but not now. Of course, there are some credit available on, for example, Bitfinex, but that's nothing.

I think it is too early that it comes true. Because the value of bitcoin and altcoins isn't stable and their marketcap is lower than fiat. If they happen in the future, we can say "Hello crypto! Bye bye credits!"

First of all, people are interested in loans when the market is predicted and the currency is stable. For now, we can't say that the crypto market is stable.

But thanks to SSI (self-sovereign identity (https://perfectial.com/blog/self-sovereign-identity-platforms/)) platforms which help business (who can give a loan) and clients (who need a loan) assert their IDs > in this case, clients will no longer remain anonymous and almost all cryptocurrencies won't allow anonymous transactions. It will make the market more open and clear for both sides. But in this case, we do not take into consideration decentralized crypto exchanges.
Also, thank the Smart Contracts, the process of lending crypto will be much simpler and faster.

I do not think the banks will disappear. They may be reduced in number, but people will always need loans and other activities that can be done only by the Bank.

crypto loan will be help to some individual to set there present situation of live, the problem remain who will agree to give it bitcoin out as loan because one price is not stable it can change within a second then automatically one side most run lost either the loaner or the loanee, and secondly before this that happen a body need to be set up to take in charge of refunding if not many will run away with loan.
this will be a every difficult task to setup.   

Soon, the only solution for the banking system will  be the adoption of a blockchain and the introduction of smart-contracts.

instead of banks, people will help each other, and this will make the bitcoin blockchain, issue assistance in bitcoin.

Probably completely banking system will never disappear.Rather, it will be strongly transformed to the changed needs of customers.At least there will be state-owned banks.It's absolutely necessary.After all,in addition to ordinary people, loans are also often needed by businesses and companies.About any crypto credit here and there can be no question.I would not be surprised if on the basis of the blockchain there will be credit systems,but it should be for individuals rather than legal entities.

I am sure that it will be impossible to take loans in cryptocurrency because it contradicts the original idea of the creator

It is actually possible for anyone to take loans in the form of crypto-currencies as long as they are able to provide a valid collateral to secure their loan, but due to the huge price volatility in crypto-currencies, I think it is very risky to take loans in the form of crypto-currencies, as the amount to return might be higher than your initial loan amount when you are converting fiat into crypto-currencies.

you know, many ico based on credit like what you thought take job here. but they are still credit, so you need more money to pay off what you borrow.
low class never know about crypto if no one want to explain it. and its difficult to life without something that existed before. so, how to create thing like previous without remove it, and it can walk a side together

i think the banks aren't going anywhere. they have too much control and the general and older public will always side with them

I think that it is possible but time is needed. This will not happen tomorrow already. In my opinion, you shouldn't say bye to credits now because crypto isn't accepted by everyone at the moment

I think that the ways of taking a loan in a crypto currency will be the same as now.
For example, now there are exchangers, where everyone can exchange Fiat for cryptocurrency and vice versa. This exchanger has a certain number of different crypto currencies and Fiat. So what prevents someone in the future to occupy such a niche and issue a crypto currency on credit to everyone on the same conditions as now? Nobody. Everything will be the same as now, but instead of Fiat is  crypto currencies will be issued.

Bank will never dissapear, country need bank to gather fund from the citizens, that fund will be used by industries to produce more product then improve country economy. But the there will be a big changes in term of bank profit, more people will use cryptocurrency and make it's price rise because of the demand that they made and bank profit will be decrease because credit card will not be used anymore.

I don't think the banking system will disappear even though crypto has become a legal currency I think the bank will still be there. crypto and banks can walk together without having to eliminate one of them. it will be difficult to borrow money with crypto because the value is very volatile, for example today I borrow 1 eth and it costs $ 200 but after a month the eth price becomes $ 300, of course we will find it difficult to pay because the value increases. banks will still be needed as financial institutions that collect and channel funds to the public.

Taking loan in cryptocurrency is a hard thing to do. It is not like the banks that have a stable value so that is why I think banks will never disappear. It will not be replace by cryptocurrency because there are things that only the banks can do and not the cryptocurrency such as loans. Having loans in cryptocurrency is I think requires a lot of process.

Crypto block chain is very strong system and one of the company or bank will also connected to the loan to the crypto and easy way to take loan. Now Sector is coming in the crypto and some body will be find the solution for loan in the crypto world because solution of every thing is here.

Lol Loans in cryptocurrency is happening for how many years now,you can check that in loan section of the forum,the only problem is this is uncontrollable because most of the loan provider takes too much collateral not unless you are a trusted person here in bitcointalk so they can release you without any assurances.maybe what we need here is a set of trusted people that has big capital to do this for the cryptonians

Banks are very well organized institutions which can be adopted to new conditions. Banks will be evolved in someway, they will stay as a part of financial system and they never disappear. Crypto loan will be helpful to some people but it can't be a competitor of bank loans. Because it is very risky to take loans in the form of crypto-currencies which fluctuate so highly.

Well taking loan in cryptocurrency also comes with it own interest just like taking loan from the centralized financial institution around the world, so I guest even if the bank and the centralized financial transactions go into extinction the blockchain as the digital bank will still have it own feature for credit control no free Launce any where.

I thinks there is an  small similarity between creating a loan in cryptocurrency and the traditional loan that we doing in the credit card,its only a digital figures,the difference only are that in credit card is limited only, you use only a card to swipe in order to creating a loan while in crypto  you can use a machine or computer to creating a loan transaction.

I think that btc will be widespread with time and we will be able to enjoy its great benefits for everyone. To my mind, it is better to use crypto currency for the long-term investment

Although bitcoin has evolved, it still can not completely replace paper money, it seems to be part of human life, so they give up a habit that is not easy.

I do not think paper money can disappear, swim because that money is strong enough to replace it, many people think that bitcoin, but bitcoin has many obstacles that it can not do it.

I still do not understand how it will be possible to take a loan in cryptocurrency and it seems to me that this will never happen

Imagine if paper money disappears someday, how do you feel when no money is enough to be able to replace it as if it could be wrong? In remote areas where there is no internet system or computer, what do people have to deal with since paper money will always exist in any era?

why you prefer to use bitcoin than the credit card? I think credit card gives us many benefits than bitcoin, the biggest benefit is they give us the points, and it can be used for exchange with another prize from the bank

that is a weakness of cryptocurrency, because it does not have a savings and loan system, because actually bitcoin is only a digital currency, which is originally the same as the common currency so the savings and loan system is only a business entity that usually serves saving customers, but there is no bitcoin the banking system that started using bitcoin in their savings and loans because it was still very risky, different from the currency of a country there must be deposit guarantees which are usually carried out by the government, one example is LPS or loan guarantee institutions, things like this that are not owned by bitcoin.