Hello crypto! Bye bye credits?

[Cryptoreflector_666]

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..

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.

[Cryptoreflector_666]

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.

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.

[akashark]

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.

[DilanBrown]

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

[pinoyden]

Well credits are good to use especially in a country where cryptocurrency is not yet been introduced or being accepted because for sure there are less establishment that will going to accept cryptocurrency as a means of payment. Therefore, we could not say that we should not use credits for now because this is one thing that could be useful when times you have a short on money.

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 .

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

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 .

[miniyou]

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.

[IndigoRed]

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.

[Cryptoreflector_666]

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.

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.

[Cryptoreflector_666]

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

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.

[focacho1]

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

[Nanashev]

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.

[Bonsaiav]

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. 

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

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?

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 see it on icovoz.com. There, there are so many platforms that offer loans, hope you find the idea there.

[charlzyeby]

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.

[Cryptoreflector_666]

Well credits are good to use especially in a country where cryptocurrency is not yet been introduced or being accepted because for sure there are less establishment that will going to accept cryptocurrency as a means of payment. Therefore, we could not say that we should not use credits for now because this is one thing that could be useful when times you have a short on money.

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.

[Cryptoreflector_666]

Well credits are good to use especially in a country where cryptocurrency is not yet been introduced or being accepted because for sure there are less establishment that will going to accept cryptocurrency as a means of payment. Therefore, we could not say that we should not use credits for now because this is one thing that could be useful when times you have a short on money.

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 .

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

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 .

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.

[boltz]

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.

[jumail]

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.

[abderrazak belkhir]

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 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 %

[Bitcoinnumberone]

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?

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.

[Kasliono]

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?

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.