Hello crypto! Bye bye credits?

[Cryptoreflector_666]

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.

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.

[Cryptoreflector_666]

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?

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 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.

[Cryptoreflector_666]

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.

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.

[Cryptoreflector_666]

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?

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.

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

[Cryptoreflector_666]

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?

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

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.

[Kidmat]

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.

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.

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.

[Raidal]

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.

[basyang]

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 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.

[Cryptoreflector_666]

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.

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.

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.

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.

[Cryptoreflector_666]

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.

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.

[ruybanoya]

crypto is easier to use than credit cards.

[Cryptoreflector_666]

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.

[btcCoincart]

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

[Cryptoreflector_666]

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.

[haidil]

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

[Cryptoreflector_666]

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.

[rollingstorm45]

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

[Bumblecoin]

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?

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.

[bbnt81]

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.

[lepeirisjs12jsjs21]

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