Vena will make cryptocurrency great again
Back to the traditional tools
Since the wide adoption of cryptocurrencies, most of blockchain enthusiasts preferred to compare fiat currencies and crypto currencies, hoping that such comparison could help to attract much more attention to blockchain technologies and it worked. However, none of these people could imagine that in short amount of time cryptocurrency market will fail. As you might already guess, we think that cryptocurrency market is able to become great again and Vena Network have enough tools to bring this idea to life.
There are millions of people all over the world, who would like to get a credit and start own business. Most of these people are reliable enough for such operation in the eyes of possible investors, but not in the eyes of the banks. Main issue about bank loans is that you are able to get loan in the bank only if you are a citizen of certain country. Vena Network is going to change it.
Of course, there were dozens of project that promised similar opportunities and most of them have failed. In fact, Vena has only one competition, which would loose the fight in the first round. However, it would be better if we return to the loans.
Money need to work and most of investors had forgotten about this golden rule. They were just holding tokens, hoping that price will be bigger in future and they had never thought about what they need to do, if price will go down. Therefore, when the marked felt, they did their best to sell tokens as fast as possible, which lead to lowering of prices. If they would mind about the future and about the ways to cover the losses, they may look for investing options and loans seems to be perfect one.
Erasing borders
Imagine that you live in Brazil and you want to buy your own house. You are businessperson, which is able of making good profits, but there is still not enough money for you to buy a house. You may go to the bank and take a loan, but loan is too expensive, because you would not like to give bank 30% annually. In the same time, in European Union, maximum cost of loan is 5% annually, but you are not citizen of EU, so there is no chance to get this loan. Until the Vena network will become widespread.
It is clear that people in EU also hold crypto and they want its value to increase. They are not happy with average cost of credit in these countries and investment opportunities are not so wide, because most of actions are covered by high taxes. EU citizen would be glad to give a loan to reliable Brazilian businessperson, but he is afraid of fraud. Even if he trusts businessperson himself, there is a chance that intermediary will steal money and vanish. EU citizen trust smart contracts and appreciate an ability to act without intermediaries, but he is not able to find smart contact that covers all the details of agreement. There will be dozens of different smart contracts within Vena Network, so both parties would be able to find the most appropriate one. With working market of cryptocurrency loans, the entire market could recover. So why are you still not a part of Vena?
Website - http://vena.network/en
Whitepaper - http://whitepaper-en.vena.network/
Facebook - https://www.facebook.com/Vena-Network-207271413455484/
Telegram - https://t.me/vena_network
Author Early_Waffle - https://bitcointalk.org/index.php?action=profile;u=1380108