Credits just tweeted that they just had an partnership agreement with FinWhaleX for cooperation on cryptocurrency loans another dub for Credits I guess
What is the benefits about this partnership for Credits holders?
After reading the news about it the main benefit about it is that the holders don't need to sell their Credits assets to get the funds they need and also they can also borrow money into credit coins by providing guarantee and to get their guarantee back they must pay off the payment they made first
I personally think that the main benefits offered by the partnership agreement include the elimination of currency gateways as intermediaries to the loan issuance process
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Re: Alibaba cooperates with new blockchain platform, Is this project worth following
Makes me wonder if the adoption of Blockchain technology for our current monetary system will trigger a massive boost in our economy? After all, Blockchain provides many benefits that are hard to ignore for our central banks and governments worldwide
One of the main benefits of using blockchain technology especially in Government entities is that it could drastically reduce the operating costs needed for a particular process to function if compared to using traditional methods
This could absolutely boost a nation's economy but I doubt it will be in massive terms but at least its already a huge advantage for early adopters
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Re: Alibaba cooperates with new blockchain platform, Is this project worth following
Now that more countries are starting to go cashless is it possible that it also start converting to cryptocurrency? If that happens, what do you think are the advantages and disadvantages?
I think a country need to regulate the crypto before trying to adopt it, the reason is because crypto is decentralized. Without any balance using fiat and crypto it can cause serious inflation to the country
Yeah I got what you're saying. If crypto is being implemented correctly, it will create a better economic situation for the country
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Re: Alibaba cooperates with new blockchain platform, Is this project worth following
by
MichaelMcDonald
on 14/12/2019, 14:14:47 UTC
Now that more countries are starting to go cashless is it possible that it also start converting to cryptocurrency? If that happens, what do you think are the advantages and disadvantages?
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Re: Alibaba cooperates with new blockchain platform, Is this project worth following
The important point that I got is the business model being employed under the 3PL approach includes the use of low-cost and versatile frequency sensors that would be installed inside Shipping Containers to monitor their movements and status via the immutable Credits blockchain database.
And the use of the Smart Payment Service based on the combined Alibaba Cloud and Credits blockchain platforms is a solution that is currently being implemented by the companies in the Chinese market. The Credits blockchain provides secure transactions between the parties to the delivery process and logistics providers, such as DHL.
What do you think about this guys? Will it have a positive effect on the Chinese government regarding cryptocurrencies and blockchain technology? Or even have a big impact on other crypto communities?
That's great tho for the Chinese government especially in the Logistics Industry. But I dont think that is gonna have a big impact on the crypto community because even with this partnership, CS is still low on price