According to the World Bank in 2019, loans to the private sector by banks around the world represented 90% of global GDP, and interest rates in deposits in the world have not increased for almost 10 years. According to Pointpay, the market for cryptographic loans, where Bitcoin and establisters are promised as a guarantee, are estimated at approximately $ 30-35 billion in 2021, and continues to grow.
The Alternative Finance Center of Cambridge EN 2020 established, there are at least 100 million users of cryptompurence in the world. But this is only the active part of the users, the unsatisfied demand for crypticurence, especially during the bullring, is much greater. The interest of large institutional investors and private investors shot after price. Therefore, more than 50% of the beneficiaries of incentive payments in the United States are ready to invest in Bitcoin. This suggests that the demand for cryptocurrencies, since investments in the presence of funds free from citizens around the world are enormous. Blockchain's projects have collected this trend and creating cryptoconcence banks that are ready to lend digital money before anyone else.
The easiest way to borrow digital money would be to buy cryptomonecura directly by paying with a regular credit bank card. But this is not always possible. The classic banking system in many countries is distrustful of cryptomatulas. And there are banks that are hostile with cryptonecuriences that prohibit Buy Crypto with a credit card. This is one of the reasons why cryptocontinence loans are so in demand, it is not always possible to spend money from a credit card in Bitcoin, as well as that. The official position is that the cryptocurences are too volatile and that the guarantee can not be sold, simply removed from the owner.
In fact, there are fears that cryptocurrencies can shake the traditional banking system: the Bank does not have the ability to control the borrower's cryptocurrencies accounts, in the case of a breach of cryptocurencias, customers will go to real banks to review The conditions of the loans, and, finally, the third reason is that Blockchain technology is much more transparent than banking, as we know it. In one way or another, according to Point Pay, around 15-20% of the buyers of cryptocurrencia of more than 200 countries on the platform use a credit card. A 2018 study of Lend Edu announced approximately the same numbers. In 2020, according to the student loan report, 1 out of 5 students in the United States buys cryptomonecura on credit with the hope of getting rich.
The potential demand for cryptocurrencia and banking services in cryptomonecura is much greater than that existing. According to Pointpay, the interest of Internet users in the purchase of cryptomonecura, Bitcoin and ether is even greater in some cases than in 2017. This is also confirmed by the data of Google trends for "Buy Cryptocurrency" requests, " Bitcoin "," Ethereum "," Binance ".
"The most active recipients of loans guaranteed by cryptopocurrencia in Pointpay are cryptocurrencias merchants, as well as small blocks of block blocks. Although there are projects in the world that lend to agribusiness in cryptomonecity, creative and social projects, all have His own target audience, says Andrey Svyatov, CEO of Point Pay. "The maximum loan amount on our site is 0.1 BTC, so most consumers are private traders and borrowers who have savings in cryptomonnexion, but there is a Current need for cash "
Nowadays, the loan market in which Bitcoin is the guarantee is valued at $ 25 billion. Bitcoin is a convenient warranty issue, since it can be easily confirmed that it is property, and no additional evaluations of such warranty are needed, as is the case of real estate or other properties.
"But if we add the Collateralized Stababelins, we believe that the market is even greater at this time, around $ 30- $ 35 billion, and has all the possibilities of duplicate at 2021-2022," says Andrey Svyatov, CEO of Pointpay . Projects Emit loans in Cryp