I hold cryptocurrencies that I don’t want to cash out, no matter what ! – this is because I believe in the project and mostly because the project is still in development stage, with this in mind I face challenges when I need to access funds and as a cryptocurrency fan I have been avoiding traditional financial institutions for their poor services.

I’m glad the financial revolution is changing everything in the industry, I’m now able to access loans with my cryptocurrency as collateral with service that are instant and secure. One of the platforms includes ecoinomics that plans to link financial institutions with cryptocurrency holders in order to allow them access affordable loans against their cryptocurrency assets and still enjoy the benefits of autonomous and secure services provided by blockchain technology.

(Video Source: Youtube - eCoinomic Episode One. Loans: hedge crypto - get money!)

One of the advantages of using ecoinomic platform is that it will eliminate the vigorous loans screening process and the delay one face when processing loans in traditional financial business model due to lack of a correct process and enough security measures. There is also the cost processing fee which is less compared to traditional financing requirements to to the availability of middlemen who inflate the processing fees.

One of the solutions ecoinomics brings to the table includes solving the volatility challenges experienced in the market through providing short term loans that are secured by cryptocurrencies as collateral.

eCoinomics will be able to tap the wide un-banked communities and people who fear financial institutions for their poor services and lack of transparency when it comes to processing of loans.

eCoinomic.net

eCoinomic.net is a decentralized platform that allows financial institutions to offer loans to cryptocurrency holders through blockchain technology smart contracts, the platforms plan to add additional services through the funds they raised during the ICO.

eCoinomic will start offering its services in November with a complete full suit platform available on December 2018, using the raised funds during the ICO the team will continue improving the platform to allow more advances features on the platform for all your banking needs.

Problems in the lending market.

One of the problems faced in the financial lending market is the availability of funds to support all loans applicants, Investors with this capital will also not risk their money with small businesses and the unbanked communities for lack of proper financial records showing their financial capabilities to repay the loans.

Peer to peer lending has been practiced for centuries but the poor method of recording keeping and agreements are not sufficient to sustain the growth of the market, the risks associated with records tampering and mismanagement are very high and the process of transferring funds is not secure.

Security is a major concern when it comes to peer to peer lending or financial institution lending, traditional methods of accessing funds are not secure due to the privacy concerns associated with the business model where privacy is not guaranteed and the reputation of the borrower could end up being spoilt through leakage of their financial situation.

eCoinomic solutions.

eCoinomic.net plans to tap the unbanked, communities' small businesses and individuals using their cryptocurrency assets as collateral, users will not need to liquidate their assets in order to access affordable loans. The loans will be facilitated by financial institutions creating resources available for the decentralized community holding over $400 Billions of dollars in crypto assets. Ecoinomics will facilitate the process through smart contracts and distributed ledger technology to allow records keeping of users records secure for future use by the platform users as this builds his reputation as a loan payer.

The simplicity of getting an instant loan is guaranteed if you have cryptocurrency as collateral the process will only take a few seconds since no human intervention is required and the application is processes automatically. Users will be able to get their collateral back regardless of the value of the crypto assets.

Records management will be made in a secure distributed ledger technology where the user's information and transactions recorded are recorded in a secure environment where forgery and immutability of the records cannot happen, this will ensure the safety of user's records and also provide a modern management solution where records are structured in time frames for easier management.

Conclusions.

eCoinomic.net will join financial institutions with cryptocurrency holders through empowering them with a tool that instills confidence in financial institutions to cryptocurrency holders who value transparency, security and fairness in their financial transactions. The ability to offer loans against cryptocurrency is less risky as the market stabilizes. The business model of the platform is highly welcoming and appreciated by the cryptocurrency community and their mode of operation is well understood by the target market, the project is led by highly skilled team who will steer the projects towards growth and adoption. I have included important links including the platforms website, whitepaper and social media pages for easy access.

FOR MORE INFORMATION

• Website: https://ecoinomic.net/
• Whitepaper: https://ecoinomic.net/docs/WP
• Bitcointalk: https://bitcointalk.org/index.php?topic=2878954.msg29576346#msg29576346
• Facebook: https://www.facebook.com/ecoinomic/
• Twitter: https://twitter.com/Ecoinomicnet
• Telegram: https://t.me/joinchat/AAAAAEr4kO0ZRm92LNGwLA

BY: 5pandawa

ETH: 0x05Ef71Ec09744608b2Dfe816f4fceD559711411B