Post
Topic
Board Altcoin Discussion
Re: Would you lend in cryptocurrency?
by
Pinkris128
on 29/10/2019, 22:57:35 UTC
Would you give a loan to borrowers in cryptocurrency?

If yes, in which cryptocurrency:
- Bitcoin
- Ethereum
- Stablecoin (please tell us in which)
- Libra
- Maxit (https://maxicreditcompany.com/whitepaper.pdf)
- Other (please tell us in which)



It will difficult and complicated to led cryptocurrency since it is dynamic and fluctuating all the time. True, you could use this as an advantage in such way that you can earn a lot more by just the timing of the peak of the price will be the time you will get paid. But it is a double edged sword and it might be used against you. Also, most lending institutions need KYC, something that most of us do not like. So, lending cryptocurrency has still a lot more to be improved before people will start getting interest for it.