World interest in bitcoin is enormous. The market becomes more regulated and convenient payment instrument. There are large players, such as Goldman Sachs, Soros, Rothschild, and Rockefeller - these funds are going to begin to trade in cryptocurrency.
According to experts the bitcoin continues to develop activities and is capable of exceeding a mark of $50,000. The tendency specifies that the digital currency can attract even more investment.
Many investors and traders concerning bitcoin choose a long-term strategy which is known as "HODL". The bitcoin ideally is suitable for these purposes, is not subject to inflation because of the limited issue, and at the expense of the decentralized system, neither the states nor the third parties can influence her.
The primary task of Moneto - to give a chance to the registered users to take currency on credit for a specific term, and then with the minimum transactional costs to return. All loans in the system are provided. For this reason ample opportunities for potential investors open.
In comparison with traditional financial institutions which issue the credits Moneto has the following advantages:
In the company several credit products depending on needs of the client are developed:
The project is designed for a broad audience:
Considering high volatility of bitcoin, developers created a system of calculation of the risks connected with the changing exchange rate of virtual currencies. In case of the highly risky loan during a loan term, service calculates the relation of borrowed funds and providing.
When the coefficient decreases to 70%, the system will send the warning to the borrower of the changes in the price of cryptocurrency. After that, the user will have to either refill balance of providing or sell a part of digital assets. If the borrower does not answer in time, the platform will automatically sell a portion of delivering at the current exchange rate for ensuring transaction of the loan. Thanks to this mechanism the system will be able to protect investments from possible losses, and borrowers will be able to redeem providing.
Processes of regulation and legalization of bitcoin began. More and more commercial organizations use a similar financial instrument for different transactions. Moneto will lead to sharp increase in capitalization in transactions with cryptocurrency. Potential borrowers can become professional traders who specialize in trade of cryptocurrency, a mining or ordinary users who prefer to keep some savings in the digital currency.
