sathvik112
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Activity: 294
Merit: 10
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January 25, 2018, 10:08:03 PM |
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I like shift cash as the volume of loans secured by a car is greater than in micro credit companies and the speed of obtaining loans is also higher than the banks, its better facilities really help on road in dealing with the shift cash.
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negancoin
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January 25, 2018, 10:46:37 PM |
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I don't think all types of cars will be valid as collateral when borrowing for this platform. Do you already have a list or a data graphic presentation where we can see the types of cars that will be acceptable?
Basically you use a car you own as collateral, so the type is not important, the important thing is the car price that determined by the system based on a huge database. that allows lender to decide the amount he can give you.
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BranZolt
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January 25, 2018, 11:03:30 PM |
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I have been wanting to ask though are those cars gonna be brand new or 2nd hand? I do love Verime Idea and hope it will benefits people as stated.
I also had the same thoughts earlier and I came to conclusion that this project may give an option I the service.
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contractus325
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Activity: 84
Merit: 0
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January 25, 2018, 11:05:59 PM |
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I don't think all types of cars will be valid as collateral when borrowing for this platform. Do you already have a list or a data graphic presentation where we can see the types of cars that will be acceptable?
Basically you use a car you own as collateral, so the type is not important, the important thing is the car price that determined by the system based on a huge database. that allows lender to decide the amount he can give you. I think I understand @Arvilaine and it was about the type of car because of the price. I'm not sure if we can talk about premium brands such as Porsche, Mercedes, or even as luxurious as Maybach and Rolls Royce, or rather the founders thought of significantly smaller amounts and reaching customers who buy cheaper cars? It's the question imho.
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strelok25
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January 25, 2018, 11:13:52 PM |
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The project Shift looks very unique with innovative ideas.Looking forward for the Advisory team.Additionally according to your road map you stated Preparation of technical infrastructure for launch in target markets of the second stage China. This project looks very unique and hoping the dev team follows their road map.
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Doctor-Coin
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January 25, 2018, 11:42:27 PM |
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I don't think all types of cars will be valid as collateral when borrowing for this platform. Do you already have a list or a data graphic presentation where we can see the types of cars that will be acceptable?
Basically you use a car you own as collateral, so the type is not important, the important thing is the car price that determined by the system based on a huge database. that allows lender to decide the amount he can give you. yeah this is correct, this is the way how they determine the price of a car; but how about the cars that have some damages inside, that the borrowers does not mention?
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Mikwik
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Activity: 518
Merit: 10
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January 25, 2018, 11:58:39 PM |
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Shiftcash work flow is smooth as a borrower installs the shift cash app and enters all details of the car including the picture and after undergoing a verification procedure at the nearest Shift cash office and gets approved by the borrower and gets money, easy to deal by choice is shift cash.
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Rabby637
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January 26, 2018, 12:00:16 AM |
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I want to know about ICO. What about soft cap & hard cap? How many token allocated for soft cap? Have any telegram news channel where can we know more about this?
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wledgewil
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Activity: 322
Merit: 11
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January 26, 2018, 12:08:56 AM |
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In shift. Cash, the volume of loans secured by a car is greater than in microcredit companies, and the speed of obtaining loans is higher than in a bank. It's services will really attract may people to choose shiftcash.
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Theizestooke
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Join @Bountycloud for the best bounties!
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January 26, 2018, 05:15:35 AM |
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Shift car is a built on a very interesting concept which can make large income from this. As most of the peoples all around the world own a car and also every day many new cars are created and sold all around the world. This is a very great business in automobile and this project is helping people to buy this with using their secure system.
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bjjobg55206
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January 26, 2018, 05:24:32 AM |
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the car is universal in the world .and we can got some cash from our cars,it's good for our cash circulation. so I think the concept was pretty good.
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Efta321
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January 26, 2018, 05:41:23 AM |
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the idea of a newly planned project, with a variety of innovations today, hopefully this project will get the results they deserve. good luck.
You are right, I think the project will really need to have a big capital to run it smoothly. I hope many members will help the project to promote it and to get more investors. if this project can promise and convince the community I am sure there will be many who support this project.
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Slashoon
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Merit: 10
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January 26, 2018, 08:21:43 AM |
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Very interesting idea, but I'm interested in the legal aspect. How will it look in different countries? Or will it be in one country first?
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Lodi0808
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Activity: 182
Merit: 10
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January 26, 2018, 08:36:51 AM |
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Automotive industry is one of the worlds profitable business so its realy a good move for shiftcash to invest on thier project because a lot of clients buy vehicles yearly even people who dont have a good approval score can now get one for them.
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vivavivu
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Activity: 434
Merit: 10
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January 26, 2018, 09:45:22 AM |
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Vehicles is very in demand now, there are lots of people wanted to have a vehicles, especially cars. This is a great opportunity for this project and as well as to the people around. The idea is very practical in todays days. I wish this project will continue strive and make its own way to a successful future.
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steampunkz
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50% bonus on your First Topup
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January 26, 2018, 10:04:28 AM |
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If I understand correctly, the idea of the project is to give out loans secured by a car. A loan will be issued in the crypto currency?
Yes and I think they will use there own cryptocurrency for that, Neither how can they promote their name in the world if there are many projects are there. They need first to test their platform to see how the public will react.
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Jedie22
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Merit: 10
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January 26, 2018, 10:17:36 AM |
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Automotive industry is one of the worlds profitable business so its realy a good move for shiftcash to invest on thier project because a lot of clients buy vehicles yearly even people who dont have a good approval score can now get one for them.
Yeah, which this project is more advantage to those have a car and planning to have a car. We all know how important a vehicle on our daily transportations that makes save time and comfortable from one place to another. Hoping for the success on this project since its still in progress.
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Wys-addict
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January 26, 2018, 10:47:03 AM Merited by Doctor-Coin (1) |
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This project sounds very ambitious. Especially regarding different legal terms all over the world. I highly doubt this will be managable at all. Especially when it comes to fraud. What if, e.g. somebody wants to get a credit and uses a car that is not fully owned by himself but the bank? Or even just leased? What if there are already some liqidity-issues about him in his country, how can you assure the creditor to be paid of? What if a car-owner uses his beautiful Ferrari with severe engine damage, broken brakes just for the nice picture? And even if that will be somehow traceable, yet again there is the question how it can be assured that the creditor will be paid?
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SeanL9941
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January 26, 2018, 10:50:47 AM |
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What is the methodology of risk assessment? How will you know that the assessment results are objective?
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