eCOINOMIC.Net: Lending Redefined Through the Project

GENERAL OVERVIEW
The introduction of Cryptocurrency has come with much benefits and functions to the world in general. The immutable and decentralized character of the Blockchain upon which the cryptocurrency exists has seen a mass adoption and acceptance, although total acceptance is still underway in some countries.

Current SituationMajorly, people consider cryptocurrency as a means to get rich by holding and waiting for a high rise in value. They consider cryptocurrency as a digital gold. Consequences of these are that they tend to withhold from spending their cryptocurrency, even when they are indie need of fiat for various reasons best known to them. The current centralized financial system today don’t completely recognize cryptocurrency hence, they can’t be used as a collateral for loans.

At present, cryptocurrency is not considered as financial assets. They, therefore, cannot act as a collateral in a loan situation. If an individual with 10 BTC, for example, is in urgent need of Fiat to settle some medical bills, he/she is left with only one option; sell the required amount of BTC to get the required amount of Fiat. For someone who has quite gathered 10 BTC via various means overtime and has a belief in the cryptocurrency system, he/she would be distraught to let it go. But what if there was a second option? What if he could use his cryptocurrency as a collateral to collect a loan in Fiat? Well, unlike most “What If” this is actually possible and a reality with eCoinomic.net

About eCoinomic.netArmed with the right Team and necessary tools, eCoinomic.net wants to develop a worldwide network with which individuals and small businesses can use their crypto assets as a collateral in taking up loans in Fiat. In short, eCoinomic.net is changing the loan system globally and giving crypto users and holders more joy as greater heights are been reached in the financial system. In regards to the example earlier on, the user now has an additional option; he could take a loan in Fiat with his cryptocurrency acting as a collateral. He doesn’t have to go through the dilemma of selling his crypto.

This platform would bring perfect equilibrium to this new ERA of a loan as they would act as the intermediate service between the various financial institutions that act as the lenders and the individuals/small business that act as the borrower. In addition to this, the eCoinomic.net platform stands as the guarantee for the financial platform so they have nothing to worry about. Via this much-appreciated function of the eCoinomic.net platform, various financial institutions are sure to want in on the platform. Some of these institutions are said to include; investment banks, family offices. All of which would see a massive inflow of funds to the platform.

This is just an introduction to the eCoinomic.net platform, I would be giving more in-depth articles about the platform in no time. The benefits of this platform are no doubt priceless. If you hold crypto assets that have value, I’m very sure you would love to know more about this platform. For now, make use of the following useful links while I continue with the part 2 of many articles on this innovative platform.

Website: https://ecoinomic.net/

Whitepaper: https://ecoinomic.net/docs/whitepaper

ANN: https://bitcointalk.org/index.php?topic=2878954

Telegram: https://t.me/ecoinomicchannel

Blog: https://medium.com/ecoinomic

Author's Details

Name: Dulo Wegner

Btt profile : https://bitcointalk.org/index.php?action=profile;u=1196236;sa=account