ferrum83
Member
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Activity: 154
Merit: 10
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October 26, 2017, 08:24:09 AM |
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Good afternoon! If I want to take a loan from CoinLoan do I need to specify the information about the purpose of borrowing fiat funds?
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"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
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coinloan (OP)
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October 26, 2017, 08:55:49 AM |
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Good afternoon! If I want to take a loan from CoinLoan do I need to specify the information about the purpose of borrowing fiat funds?
Hi! No, you don't need to specify any info about borrowing purposes. |
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kobzar
Member
Offline
Activity: 98
Merit: 10
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October 26, 2017, 09:04:42 AM |
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What major problems were identified by your team in interaction between fiat and virtual currencies when studying them? How do you plan to solve these problems with help of CoinLoan?
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coinloan (OP)
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October 26, 2017, 09:11:20 AM |
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Hello. Will I be able to refuse to work with a borrower proposed by the system if he does not suit me for some reason and start looking for a new one?
No, it's not possible. As a lender, you even can't distinguish whom you are providing a loan. |
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rocketbit48
Member
Offline
Activity: 322
Merit: 10
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October 26, 2017, 09:20:59 AM |
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Aren’t you afraid to face the problem of lack of balance of supply and demand in the service? What will happen if the demand for loans is high and the supply is small?
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coinloan (OP)
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October 26, 2017, 09:28:30 AM |
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Aren’t you afraid to face the problem of lack of balance of supply and demand in the service? What will happen if the demand for loans is high and the supply is small?
Institutional investors can cover any demand. They will be very interested in such service because we guarantee full repayment of funds with accrued interest. |
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entropy0
Full Member
Offline
Activity: 412
Merit: 100
Que sera sera
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October 26, 2017, 09:29:23 AM |
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as in, trade fiat for crypto and hold crypto as collateral?
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coinloan (OP)
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October 26, 2017, 09:43:47 AM |
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as in, trade fiat for crypto and hold crypto as collateral?
Please, clarify your question. You can provide loans as a lender in fiat only. Crypto you can use as collateral for borrowing. |
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coinloan (OP)
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October 26, 2017, 09:55:28 AM |
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If I just want to exchange crypto-currencies for fiat funds and issue a loan for this and then do not return it, will my rating in the system be lowered? If so, how will this affect my further opportunities in the system?
There will be no rating system on our platform. You can don't repay a loan, it's not a problem, but your crypto-collateral will be sold. |
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energycrypt
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October 26, 2017, 11:19:26 AM |
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Why did you decide to choose ICO-investment rather than the usual venture option for raising funds for development of the project?
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hollybit
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October 26, 2017, 11:31:51 AM |
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How do you plan to struggle against competition when services similar to yours begin to appear? Have you got a marketing strategy to attract new customers in this case?
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superwallet
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October 26, 2017, 11:41:47 AM |
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Hi, do you need to pay interest on the loan with fiat means or can you use crypto-currency for this?
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coin63
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October 26, 2017, 12:25:44 PM |
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Will the possibility of ordering plastic cards supporting Apple Pay and Samsung Pay appear immediately after the launch of the CoinLoan project or after some time?
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coinloan (OP)
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October 26, 2017, 01:20:14 PM |
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Why did you decide to choose ICO-investment rather than the usual venture option for raising funds for development of the project?
We preferred the ICO crowdfunding to a traditional venture system in our project implementation. Firstly, it will allow anyone who feels like it to become a contributor and profit from the tokens appreciation in the future or pay the fees to the platform in them. Secondly, it will accelerate the funding process and the launch of CoinLoan, and thirdly, the ICO is a transparent, modern method of fundraising. |
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coinloan (OP)
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October 26, 2017, 02:22:42 PM |
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Will the possibility of ordering plastic cards supporting Apple Pay and Samsung Pay appear immediately after the launch of the CoinLoan project or after some time?
We will do our best to make debit cards with Apple/Samsung Pay available as soon as possible. |
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coinloan (OP)
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October 26, 2017, 04:14:53 PM |
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Hi, do you need to pay interest on the loan with fiat means or can you use crypto-currency for this?
As you wish. You can use fiat or crypto, which will be converted by current market rate into fiat. |
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hunterofmoney
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October 27, 2017, 05:23:06 AM |
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How many days will it take to deliver a plastic card to the customer?
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coinloan (OP)
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October 27, 2017, 07:04:59 AM |
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How many days will it take to deliver a plastic card to the customer?
It will depend on the destination country and shipping method chosen. |
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coinloan (OP)
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October 27, 2017, 03:05:01 PM |
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What major problems were identified by your team in interaction between fiat and virtual currencies when studying them? How do you plan to solve these problems with help of CoinLoan?
Selling virtual currency used to be the only affordable solution when there was a need for fiat money. This led to a loss of possible revenue from the further appreciation of cryptocurrency and additional costs: financial, associated with fees on exchanges, and temporal – from the moment of cryptoasset sale to the actual receipt of fiat money. CoinLoan offers a different approach: our users will be able to receive real money in any available currency secured by cryptoassets. The system will select the most suitable option for the borrower from the set of counteroffers for lending. |
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annazaitun87
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October 28, 2017, 10:24:52 AM |
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I think the coin in the mine will bring its own benefits because I think it's possible to do it
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