What Is Bit Money Project
Bit Money is a lending and funding, multicurrency and multifunctional online platform primarily based on blockchain generation. there investors and debtors meet every different and feature the possibility to lend cash on jointly beneficial.
Do you know how low the current interest rates are ?
If this project will charge more Why would anyone use it?
If this project only gives loans to people to cant get them from a bank then those people are probably high risk with allready huge debts and you would have to charge them accordingly not helping them but plunging them into more debt if they pay at all.
How will this operation preform the background checks ? if its available to everyone over the world that would have huge costs.
Will there by any kind of collateral involved and how and where would that be stored , if not why would people pay back their loans.
A bank feels secure in loaning money because they know where u work they know where u live etc .
Ill definatly read the Whitepaper in 3 days to see their explination of these problems for starters.
