Hello crypto! Bye bye credits?

[taliwang]

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

[1715636789]

1715636789

[1715636789]

1715636789

[1715636789]

1715636789

[shesheboy]

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

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 .

[Strumpt]

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

[supelle.born]

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

[Valer4ik]

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.

[Matthewlee]

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

[Jansaa]

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.

[Ngajim]

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.

[happyme1818]

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?

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).

[gabmen]

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.

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.

[hahay]

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.

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.

[Pumuckel21]

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

[Anderson_smash]

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.

[4rzun4]

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.

[jtrapirap]

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.

[Crypto one]

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.

[Snyderfx2]

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 

[Snyderfx2]

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.

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

[shulc7]

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

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.

[zheniasom]

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!