I'm new here but not seeking a loan currently I just wanted to ask what's a valid collateral other than alt coins (would jewelry works)? I dont need any loan again just a random questions
Yes, if the lender accepts jewelry as collateral then it works as a collateral, but I'm pretty sure that only local lenders may accept jewelry as collateral for loans because other lenders who are far away from the borrower may not accept jewelry as valid collateral because it's not possible to send or receive jewelry without heavy taxation. However, if the borrower can pay those taxes and delivery charges then some kind lenders may accept jewelry as collateral if it's value is above the value of loan.
lenders of this forum then it cant be possible and they would rather be accepting altcoins as a collateral rather than with those physical jewelries which we know that
every member of this forum doesnt live on the same corner.
