ETN payday loans

I think ETN need to get into the payday loan business.
However instead of lending money we could lend ETN.
lending ETN instead of money will not only stop customers squandering it on cigarettes and alcohol it will also boost the ETN economy as customers can purchase things online and use it on things like anytask.
This could be massive for ETN.

I’m not so sure this is a good idea.

Most people who use payday loans live from 1 pay cheque to the next. I get that it could be useful to top up their phone or buy electricity but AnyTask wouldn’t be of any use to someone who needs a payday loan.

Furthermore, when operating globally, how could the company enforce payback of the loans and deal with defaulters? The cost of managing these would far outweigh any benefit they provide.

3 Likes

Electroneum would need to hire bailiffs to deal with any customers who fail to pay back the loan.
As an added bonus the bailiffs wages would be paid in ETN.

Sorry but
this is not a good idea
lending is a bad system
the benefits are less

I don’t agree with your idea

thank you

3 Likes

What for? for solar panels? (Africa) on which the air conditioners can run.
We must move towards a co2 neutral policy in the future.

1 Like

What for? To start a local business to sell local favorite snack.
Sell this local favorite snack in markets, schools (universities) and other major events. Payments in fiat and etn.
Change in etn and or local fiat.
Optionally, you can buy electroneum coins from the school’s concierge and / or a pre-sale on the market, to promote faster processing of the order.

The negative connotations and image of debt recovery is very unlikely to be something the team would want associated with the project.

Nothing is stopping a third party from offering the service though. :+1:t2:

1 Like

Electroneum investigates DeFi integration is a nice addition to this.
(If I have understood it all correctly, read it on the internet)
and or maybe an idea to add smart contract projects and / or tokens to the electroneum blockchain platform.

Defi integration in combination with Crowdfunding.
Maybe an idea? This is something completely new, just conceived…

A great opportunity for electroneum NGOs
Investors finance an NGO in exchange for the monthly fee they receive from electroneum and donations.

  • Advantage is direct $ dollars. for the NGO
  • No waste of exchange rates.
  • Etc etc

Idea is 2 seconds old, so additions apply.

No doubt more ideas could be conceived.

1 Like
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