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Author Topic: Will bitcoin service be able to provide the loan  (Read 454 times)
heroson
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July 01, 2016, 06:44:26 PM
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If we are comparing bitcoin transaction with banking transaction what about  providing loan


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unamis76
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July 01, 2016, 06:48:50 PM
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Casinos aren't supposed to provide you loans... Cheesy
DannyHamilton
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July 01, 2016, 07:09:21 PM
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If we are comparing bitcoin transaction with banking transaction what about  providing loan

Yes.  People and/or businesses with bitcoins can loan them to you if they want to.

quentincole32
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July 01, 2016, 07:17:23 PM
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If we are comparing bitcoin transaction with banking transaction what about  providing loan



i think its possible,as long we dont see bitcoin from the price,let be bitcoin loan as bitcoin,not converted into Dollar or other currency,so i think its will usefull for many people,and i wish its relized soon.

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July 01, 2016, 07:54:59 PM
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i don't see how it's ever gonna work while volatility remains, which will always remain. i'm talking proper loans, not the pathetic scamming that takes place on here and places like btcjam. pure and simply it's not suitable for a setup like that.
chennan
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July 01, 2016, 07:59:57 PM
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If we are comparing bitcoin transaction with banking transaction what about  providing loan

Yes.  People and/or businesses with bitcoins can loan them to you if they want to.

Absolutely... and if you think about it, it's kind of easy to see this connection and that bitcoin could easily be loaned out to people, from people; rather than people going to the bank. 

Bitcoin is meant to be a Peer to Peer cash system.  To do business, whether accepting payments, paying your employees, or whatever; bitcoin enables and kind of nudges you to do that sort of business with other peers that would like to provide that certain service.  Now, if bitcoin becomes more popular... then loaning services might become more centralized... but that's another story, I guess.

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July 01, 2016, 08:04:07 PM
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If your personal details are recorded in a way that makes you liable for the loan, yes, people and or services will loan you bitcoin. If you don't pay it back however, expect the same penalities that would apply had you defaulted on a fiat loan. Value is value.I'm sure your credit record will come into play, as it should in this scenario.
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July 01, 2016, 08:37:10 PM
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Its possible that one company want to start loaning bitcoins, but they need to be sure how they can recover the money in case that the user don't return it. Also there are companies that developed a market for bitcoin loans between users.
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