Project Design – Artdeko BG http://artdeko-bg.com/ Thu, 22 Sep 2022 06:03:53 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://artdeko-bg.com/wp-content/uploads/2021/07/artdeko-bg-icon-150x150.jpg Project Design – Artdeko BG http://artdeko-bg.com/ 32 32 Latest no credit check loan facility: Money Mutual does it https://artdeko-bg.com/latest-no-credit-check-loan-facility-money-mutual-does-it/ Thu, 22 Sep 2022 06:03:53 +0000 https://artdeko-bg.com/latest-no-credit-check-loan-facility-money-mutual-does-it/ GLENDALE, Calif., Sept. 22, 2022 (GLOBE NEWSWIRE) — No credit check loans are a simple solution if you need a large sum of money for medical bills, student loans, car repairs or holidays. However, a bad credit history can make it difficult to obtain most traditional loans. Businesses generally consider a favorable credit score as […]]]>

GLENDALE, Calif., Sept. 22, 2022 (GLOBE NEWSWIRE) — No credit check loans are a simple solution if you need a large sum of money for medical bills, student loans, car repairs or holidays. However, a bad credit history can make it difficult to obtain most traditional loans. Businesses generally consider a favorable credit score as a primary factor when determining an individual’s eligibility for a loan. There are, however, loan companies that offer unsecured loans to customers with bad credit. Since Money Mutual is one of the most famous financial brands, it has also made a name for itself for its no credit check loans.

People with poor credit usually receive loans with higher interest rates because lenders view them as a potential risk. Therefore, it is essential to ensure that you do not have too many credit checks on your credit file. Knowing your credit score can help you avoid this because you will already know if you will be approved or not. Even if you have a bad credit history, you may be able to apply for a bad credit loan from some lenders. Some of these bad credit loans are called no credit check loans. It just means that they don’t do credit checks or soft checks. Unlike traditional formal checks, many lenders now perform “soft checks” that have no effect on your credit.

If one is looking for the best emergency loans to suit his financial situation and budget, one should know which loan finder to use and what to expect when applying for financial assistance from emergency. Money Mutual is a household name in the lending industry. Although it is difficult to obtain a loan at a reasonable interest rate with a bad credit history, Money Mutual is one of those companies that considers it its responsibility to help its customers to alleviate their difficulties. financial. The company, which was founded in 2010, has more than a decade of experience and has successfully earned its place in the market. Money Mutual acts as a bridge between borrowers and lenders. However, the framework does not provide loans directly. The brand’s network includes more than 80 lenders, which increases the chances of finding a suitable lender at a low interest rate.

Money Mutual does not lend directly. Instead, it serves as a link to a network of lenders who are willing to work with people who have bad credit.

Mutual money loans:

Within minutes, you can prequalify for a Money Mutual loan. This is the time it takes to complete the brief online loan application form and receive a decision. To get pre-approved, you must do the following:

● You must be a US citizen or permanent resident.

● You must be 18 or older.

● Have a monthly income of at least $800

● Have an active checking account under your name.

● Have a valid phone number

● Have a working email address

If you are successful in pre-registering, Money Mutual will direct you to a potential lender who will gather additional information and make a quick decision on your loan. Before accepting a loan offer, read the fine print of the loan agreement.

The lender will deposit the loan proceeds into your bank account the next business day after you electronically sign the loan agreement. The repayment terms you accept are determined by the type of loan you accept.

Applying online for a no credit check loan is simple and you can apply online or in person with a local lender. When you work with a state-of-the-art lender, your loan proposal can be approved in hours or even minutes. Borrowers can apply for loans online in many cases, and if they need money immediately, they can often get it the same day. To be approved for a loan, you will need to provide employment and banking information (to verify your income). This information, along with recent payment history and overall credit usage, is used by online direct lenders to determine the amount and terms of the loan you file if they offer approval.

The main disadvantage of no credit check loans is the potential for higher costs. A no credit check loan may have a higher interest rate, so check your specific secured lender’s rates. There is also a restriction on how much you can borrow, which varies by lender and federal rules, so you may not be able to get the amount you want. It is essential to research the lender and the terms of any loan you are considering. In the long run, it could save you a lot of money.

There are many types of cash loans available, including payday loans, loans without credit checks, installment loans, same day loans and others. And they all have unique terms, conditions and interest rates. It is essential that you understand these terms before signing the contract. And there’s nothing wrong with turning down a loan or a lender if you’re unhappy with the terms and conditions. The most crucial thing to remember when looking for a loan in the market is to do your research. This rule applies whether you are looking for payday loans, no credit check loans or any other type of loan. Research is key when looking for a no credit check loan, home equity line of credit, peer-to-peer loan, or any other type of financing. It’s also a good idea to check your own credit score and credit history before you start shopping so you know what to expect. No borrower should enter into a loan agreement unprepared.

A low credit score can limit your ability to get many loans. However, this does not exclude all possibilities. On the other hand, several online lenders offer bad credit loans on reasonable terms. Nevertheless, it is essential that you weigh the pros and cons of all your available options and make the best decision by selecting the most affordable loan that can meet your needs.

Contact Details

Riya Tyagi

Riya@blueribbonmedia.com

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Lamina Brokers launches low-interest emergency loans for eligible clients https://artdeko-bg.com/lamina-brokers-launches-low-interest-emergency-loans-for-eligible-clients/ Tue, 20 Sep 2022 13:00:00 +0000 https://artdeko-bg.com/lamina-brokers-launches-low-interest-emergency-loans-for-eligible-clients/ In Canada, Lamina Brokers is a reliable financial institution that offers its customers short-term loans at competitive rates and convenient repayment plans. MONTREAL, QC, CANADA, Sept. 20, 2022 /EINPresswire.com/ — Personal loans have become more accessible and easier for people thanks to the rise of Fintech companies, fast online apps and lending agencies. People take […]]]>
Brokers Lamina 3

In Canada, Lamina Brokers is a reliable financial institution that offers its customers short-term loans at competitive rates and convenient repayment plans.

MONTREAL, QC, CANADA, Sept. 20, 2022 /EINPresswire.com/ — Personal loans have become more accessible and easier for people thanks to the rise of Fintech companies, fast online apps and lending agencies. People take out personal loans for a variety of reasons, from consolidating debt and covering emergency expenses to improving home improvements and financing college tuition. Most Canadian consumers have two options for accessing these loans: a bank or a lending agency. Banks generally have higher interest rates and often require good credit ratings for short-term loans. On the other hand, local loan agencies like Lamina Brokers can access their financial records to find reasonable interest rates for their clients.

Hiring a loan agency for loans can be beneficial for various reasons. For example, people who are unfamiliar with financial products may find it difficult to obtain loans at the best interest rates. Also, because loan agencies work with multiple lenders and banks, they have the experience and information to compare interest rates and offer more suitable repayment options to borrowers. For example, the Canadian lending agency, Lamina Brokers, provides borrowers with a list of interest rates after assessing their financial situation and loan repayment history. In this way, customers benefit from a transparent offer and a lower interest rate than if they had obtained a loan directly from a bank.

When taking out a personal loan, consider the term and repayment options. Some agencies may offer flexible repayment options and longer repayment periods. But keep in mind that interest rates for an extended term will have higher rates. Another benefit of working with a lending agency is helping clients consolidate their debts. Debt consolidation is a process of merging different debts into a single loan. This means taking out a new loan to pay off all existing debts. It helps customers find a more convenient and easier repayment option and can save money on long-term interest rates.

Getting a loan with a bad credit rating is difficult. Even if someone can get a personal loan, the interest rates will likely be higher. However, a reputable lending agency may offer specialized services to help borrowers with poor Equifax and TransUnion credit scores. They do this by extending credit to the target audience, which allows them to demonstrate responsible financial behavior through timely loan repayment.

Many people search online when looking for short term loans through a local agency. For example, when searching for “Quebec emergency loans,” customers may be presented with various options and links to banks and lending companies. However, there are some things to keep in mind to ensure that the lending company is suitable for short-term borrowing. It is essential to choose a reputable loan agency that is transparent about its fees, terms and conditions and recognized by the competent authorities before signing any documents. Short-term lending experts at Lamina Brokers lending agency recommend that clients make sure the lender they choose has no hidden fees, is federally approved, has a variety of repayment plans, and offers competitive interest rates.

About Lamina Brokers Lending Agency

Lamina Brokers Loan Agency is a Vancouver-based provider of short-term loan services, ready to help clients get the best personal loans possible. Experts with extensive training can help customers with their financial difficulties. Online application takes less than 15 minutes and approved applicants can expect to receive their money within 24 hours.

Yves Dupuis
Lamina Brokers loan agency
+1 514-700-6051
write to us here
Visit us on social media:
Facebook
Twitter

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Pella City Council will hold loan hearings on Tuesday | Radio KNIA KRLS https://artdeko-bg.com/pella-city-council-will-hold-loan-hearings-on-tuesday-radio-knia-krls/ Sun, 18 Sep 2022 10:00:16 +0000 https://artdeko-bg.com/pella-city-council-will-hold-loan-hearings-on-tuesday-radio-knia-krls/ Pella City Council will hold loan hearings on Tuesday | KNIA KRLS Radio – The One You Can Count On Pella City Council will hold public hearings for the issuance of general obligation capital loan notes for several projects at their meeting on Tuesday. Council will […]]]>



Pella City Council will hold loan hearings on Tuesday | KNIA KRLS Radio – The One You Can Count On

































Pella City Council will hold public hearings for the issuance of general obligation capital loan notes for several projects at their meeting on Tuesday. Council will consider funding the Monroe and Prairie Street reconstruction projects up to $1.6 million, while $2.2 million will be used toward meeting the city’s financial obligation for the area of commercial development of Prairie Ridge. The Pella City Council meeting begins at 6 p.m. Tuesday at the Pella Public Safety Complex and online here: https://join.me/CityofPella



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Capri Loans announces the opening of a new technology center in Gurugram https://artdeko-bg.com/capri-loans-announces-the-opening-of-a-new-technology-center-in-gurugram/ Sat, 17 Sep 2022 04:34:54 +0000 https://artdeko-bg.com/capri-loans-announces-the-opening-of-a-new-technology-center-in-gurugram/ Focus will be on developing innovative solutions and leading digital transformation Gurugram, Haryana, India (NewsSee) Capri Loans, a diversified non-banking financial company in India, is spreading its wings and opening a new technology center in Gurugram. The new 11,000 square foot space will house over 100 bright minds. The company plans to hire talent in […]]]>

Focus will be on developing innovative solutions and leading digital transformation Gurugram, Haryana, India (NewsSee) Capri Loans, a diversified non-banking financial company in India, is spreading its wings and opening a new technology center in Gurugram. The new 11,000 square foot space will house over 100 bright minds. The company plans to hire talent in various technology functions over the next 12 months. The Technology Center will focus on developing innovative products and solutions to support the company’s transformation from an NBFC into a cutting-edge fintech company. In addition to undertaking digital transformation efforts, he will also focus on building proprietary solutions for loan management, customer service, and data analytics using cutting-edge technologies. It will operate under the leadership of Rahul Agarwal, Group Technical Director, Capri Global Capital. “We are delighted to open a new technology center in Gurugram. This decision reflects our goal of bringing Capri Loans into the digital age. The center will help the company deliver innovative products so that more underserved customers can take advantage of financial solutions. The construction of this new center further reinforces our commitment to creating unique offerings using disruptive technologies that can help people change their lives,” said Rahul Agarwal. We have ensured that the Technology Center is centrally located and easily accessible by metro and personal transport for everyone in Delhi NCR to bring more convenience to the employees. Following the current trend and growing demand from employees, the center will practice flexible working, allowing them to work from anywhere and maintain a better work-life balance. The new space is designed with an open layout that aligns with the open culture of Capri Loans. It has best-in-class facilities such as comfortable and spacious workstations, top-notch machines, digital chat rooms, super-large (100-inch) online screens, and more. that will allow employees to work comfortably, collaborate and think. It also has fun spaces such as a gym and recreation area, wellness room, rest room, library, cafeteria where employees can relax, interact and bond. About Capri Global Limited Capri Global Capital Limited (CGCL) is a diversified Non-Banking Financial Company (NBFC) listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) and is a constituent of the NIFTY Smallcap 100 Index The company offers financial services to the unbanked and underserved masses across India, especially in the northern and western geographies of the country, through its strong branch network spread across 12 states and territories of Union with a strong workforce of over 4100 employees. The Company operates in high growth segments such as MSME Loans, Affordable Housing Finance, Gold Loans, Auto Loans and Construction Finance. In the financial year 2022, the assets under management of the company stood at INR 66,325 million.

(This story has not been edited by the Devdiscourse team and is auto-generated from a syndicated feed.)

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Student Loan Refinance Interest Rates Plunge for 5-Year Variable Rate Loans https://artdeko-bg.com/student-loan-refinance-interest-rates-plunge-for-5-year-variable-rate-loans/ Mon, 12 Sep 2022 23:08:43 +0000 https://artdeko-bg.com/student-loan-refinance-interest-rates-plunge-for-5-year-variable-rate-loans/ Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders, all opinions are our own. The latest student loan refinance interest rate trends on the Credible Marketplace, updated […]]]>

Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders, all opinions are our own.

The latest student loan refinance interest rate trends on the Credible Marketplace, updated weekly. (Stock)

Pricing for Qualified Borrowers using the Credible Marketplace for refinance student loans fell this week for 5-year floating rate loans and rose for 10-year fixed rate loans.

For borrowers with credit scores of 720 or higher who used the Credible Marketplace to select a lender during the week of September 5, 2022:

  • Rates on 10-year fixed-rate refinance loans averaged 5.56%, up slightly from 5.42% the week before and 3.50% a year ago. Rates for this term hit their lowest point in 2022 so far during the week of January 10, when they were at 3.44%.
  • Rates on 5-year variable rate refinance loans averaged 4.53%, down significantly from 5.39% the previous week and 3.07% a year ago. Rates for this term hit their lowest point in 2022 so far during the week of July 4, when they were at 2.51%.

Weekly Trends in Student Loan Refinance Rates

september-12-student-loans.jpg

If you’re curious about what kind of student loan refinance rates you might qualify for, you can use an online tool like Credible to compare the options of different private lenders. Checking your rates will not affect your credit score.

Current Student Loan Refinance Rates by FICO Score

To ease the economic impacts of the COVID-19 pandemic, interest and payments on federal student loans have been suspended until at least December 31, 2022. As long as this relief is in place, there is little incentive to refinance federal student loans. But many borrowers with private student loans are taking advantage of low interest rates to refinance their student debt at lower rates.

If you qualify to refinance your student loans, the interest rate you may be offered may depend on factors such as your FICO score, the type of loan you are seeking (fixed or variable rate), and the repayment term. of the loan.

bar-chart-pret-etudiant-sept-12.jpg

The chart above shows that good credit can help you get a lower rate, and rates tend to be higher on loans with fixed interest rates and longer repayment terms. Since each lender has their own method of evaluating borrowers, it’s a good idea to ask for rates from multiple lenders so you can compare your options. A student loan refinance calculator can help you estimate how much you could save.

If you want refinance with bad credit, you may need to apply with a co-signer. Or, you can work on improving your credit before applying. Many lenders will allow children to refinance parent PLUS loans in their own name after graduation.

You can use Credible to compare rates from several private lenders at once without affecting your credit score.

How Student Loan Refinance Rates Are Determined

The rates charged by private lenders to refinance student loans depend partly on the economic environment and interest rates, but also on the duration of the loan, the type of loan (fixed or variable rate), creditworthiness the borrower and the lender’s operating costs and profit margin. .

About Credible

Credible is a multi-lender marketplace that allows consumers to discover the financial products best suited to their particular situation. Credible’s integrations with major lenders and credit bureaus allow consumers to quickly compare accurate and personalized loan options without putting their personal information at risk or affecting their credit score. The Credible Marketplace delivers an unparalleled customer experience, as evidenced by over Over 5,000 positive reviews on Trustpilot and a TrustScore of 4.7/5.

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Over 7,000 beneficiaries will receive cash grants and GEEP loans in Imo and Abia https://artdeko-bg.com/over-7000-beneficiaries-will-receive-cash-grants-and-geep-loans-in-imo-and-abia/ Sun, 11 Sep 2022 12:19:40 +0000 https://artdeko-bg.com/over-7000-beneficiaries-will-receive-cash-grants-and-geep-loans-in-imo-and-abia/ By Chimezie Godfrey The federal government has started the disbursement of cash grants for vulnerable groups in Imo and Abia states. Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, announced the programs on Saturday, September 10, 2022 at Concorde Owerri Hotel, alongside digitized payment for conditional cash transfers. At least 3,894 […]]]>

By Chimezie Godfrey

The federal government has started the disbursement of cash grants for vulnerable groups in Imo and Abia states.

Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, announced the programs on Saturday, September 10, 2022 at Concorde Owerri Hotel, alongside digitized payment for conditional cash transfers.

At least 3,894 beneficiaries across the 27 local government areas of the state will receive a one-time cash grant of twenty thousand naira for vulnerable groups in Imo state while
about 4,738 beneficiaries were selected for interest-free loans from the government’s enterprise empowerment program.

In her address, the Minister said that beneficiaries will receive loans ranging from N50,000 to N300,000 for farmers, small traders, widows and young people.

“Today I have come to roll out the program in Imo State “Land of Hope”. Therefore, successful beneficiaries of the GEEP program will start receiving credit alerts from Access bank by the grace of God.

“This is a program designed by the administration of President Muhammadu Buhari for vulnerable, low-income Nigerians who are involved in some sort of business activity or capacity but have never had the opportunity to access loans. It is supposed to give priority to the most vulnerable in our society, for example widows, young people, the disabled and the displaced, among others”.

In his response, the Executive Governor of Imo State, Senator Hope Uzodinma thanked President Muhammadu Buhari for the commendable empowerment programs which he described as life touching. The Governor has requested more slots in social empowerment programs for Imo State to cushion the effects of banditry and insecurity in the state.

“We have felt the impact of the national investment programs of the Ministry of Humanitarian Affairs. We appreciate the ministry’s efforts to ensure that President Buhari’s dream of lifting 100 million Nigerians out of poverty is realized. We also ask you to increase the number of beneficiaries in Imo state. Lately, the poverty index in the state has increased due to banditry and insecurity.“

Minister Umar Farouq also presented letters of commitment and monitoring devices to some of the ninety-five self-employed monitors on board and utensils for students under the National Home Grown School Feeding Programme.

In Abia State, the Minister who was represented by the Director of Special Needs, Ms. Nkechi Onwukwe also launched GEEP 2.0 with 4,108 beneficiaries.
3,107 will receive twenty thousand naira each in cash grants to vulnerable groups, while twenty-seven independent monitors have been onboarded in Abia State and provided with mission letters as well as monitoring devices.

“While the objective of this cash grant project is to increase the incomes and productive assets of the target beneficiaries, it is strongly expected that the beneficiaries will use the grants to improve their productivity, create wealth, create jobs and improve their standard of living,” Umar said. said Farouk.

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The futuristic financial world of flash loans and hypernodes https://artdeko-bg.com/the-futuristic-financial-world-of-flash-loans-and-hypernodes/ Fri, 09 Sep 2022 20:31:19 +0000 https://artdeko-bg.com/the-futuristic-financial-world-of-flash-loans-and-hypernodes/ In the first part of episode 4, “What is decentralized finance? (September 1, 2022), computer engineer Adam Goad discussed with Walter Bradley Center director (and computer engineering professor) Robert J. Marks about how blockchain would decentralize finance by establishing trust and safety without government regulation. Now they examine how some of the remarkable new financial […]]]>

In the first part of episode 4, “What is decentralized finance? (September 1, 2022), computer engineer Adam Goad discussed with Walter Bradley Center director (and computer engineering professor) Robert J. Marks about how blockchain would decentralize finance by establishing trust and safety without government regulation. Now they examine how some of the remarkable new financial instruments work.


A partial transcript, notes, and additional resources follow.

Robert J. Marks: Before we start this recording, you mentioned something that blew my mind: flash loans.

Adam Godd

Adam Godd: A flash loan is a loan that you take out for a very short period of time, usually a few seconds.

But it can be for very large amounts, like millions of dollars. So if you want to feel like a millionaire for a few seconds, you can go for a flash loan. But the purpose of them, more often than not, is for refereeing.

Robert J. Marks: Well, first of all, explain arbitration.

Adam Godd: Arbitration it’s when you see an opportunity to buy and sell something at a different price in different places. Let’s say you’re on Coinbase and can buy Ethereum for $2,000. But you look at another cryptocurrency exchange such as Kraken and see that there you could sell Ethereum for $2,100. You would immediately want to buy all the cryptocurrency you can from Coinbase and sell it to Kraken. And you would earn one hundred dollars per Ethereum this way.

Robert J. Marks: Because there is this price disparity.

Adam Godd: Yes exactly. And by doing so, you will even out the price difference between the two as they adjust to the market.

Robert J. Marks: Wow. 10 million dollars for 10 seconds. Obviously, you are paying a premium for this. You pay some kind of interest to borrow that $10 million. Is it correct?

Adam Godd: Yes. You would pay a fee and flash loans are often applied through a smart contract. You would put these transactions into the smart contract, so the lender could be confident that they were going to collect the money in 10 seconds. You’re not just going to run away with it.

Then, the money that is returned to you with your profits is entirely defined in the code that the blockchain executes and, in this way, it is trustless. And so you can trust yourself.

Robert J. Marks: Now, to make that $10 million loan, do you need collateral?

Adam Godd: With flash loans – since they are applied through the smart contract – there is no need for collateral. It is the risk for you and the lender that everything goes well. And you both know that neither of you can run away because you can both trust the smart contract code.

Robert J. Marks: OK. Thinking about it though, if you want to arbitrage between two different markets, for example, and you borrow the $10 million and the markets go kablooey – maybe the prices even out or something – I guess the only loss you have is the commission that you paid the $10 million. So you’re risking that in a way, aren’t you?

Adam Godd: Yes. The lender would risk that too. They might risk the value of this one dropping below $10 million within 10 seconds you got it. So yes, there is a risk for both parties that it may not work.

Robert J. Marks: I’ve heard that most computer trades are arbitrages. And in fact, some commercial institutions want to get a faster cable so they can arbitrate faster than someone else. Have you ever heard of this scenario, of these trading houses wanting to arbitrage by beating the other person with the speed of their computers?

Adam Godd: Oh yes, definitely. Cryptocurrency is a constant 24/7 market where milliseconds matter. When you find these arbitrage opportunities – because there are so many people looking for them – it is very rare to find a really great one.

You might only find a 1% difference between the prices. And if you know that the price is higher than the fees you’re going to have to pay to make those transactions, then of course you want to do arbitrage. But as you said, at the same time, dozens of other people will find that same opportunity, because their computers were also looking for it.

So who comes first? This is actually something I worked on with an NFT project I work for. We created — we call it — the Hypernode.

We took very fast computer servers and placed Ethereum nodes on them. I have modified these nodes so that only selected individuals can use them, in this case, project NFT holders.

To note: A node in the use of cryptocurrency is “a computer connected to a cryptocurrency network and can perform certain functions such as creating, receiving or sending information” – Gadget 360 (August 21, 2021)

Robert J. Marks: Let’s back up a bit and define some of these things. What is a hypernode?

Adam Godd: This is the name we gave to the very fast Ethereum nodes that we allow holders to access. And we limit access in order to encourage people to participate in the project, but also to ensure that our node will remain fast.

There are many public nodes on the Ethereum network and if you download any type of application to transact with Ethereum, it will have some sort of default node that it will apply to you. But by restricting who can use our node and making sure we have very fast hardware to support it and an internet connection, we can provide our users with a faster connection to the blockchain than anyone using just a public node.

Robert J. Marks

Robert J. Marks: I see. And is that enough to beat some of these different trading houses? I’ve heard, for example, that there have been trading houses that have moved geographically closer to the New York Stock Exchange and laid down fibers in order to get faster responses. It seems to be very hard to beat.

Adam Godd: Since the New York Stock Exchange is a centralized system, you need to be close to it to get these speeds. With Ethereum and other decentralized cryptocurrencies, you can place a node anywhere and get fast network access.

Robert J. Marks: So your business is for decentralized finance. So you don’t have to go to places like the Chicago Mercantile or the New York Stock Exchange, do you?

Adam Godd: Exactly. There is no central Ethereum market in a physical location where you need to be near. What matters is how close you are to a node and how fast that node is.

Robert J. Marks: So let me ask you, how far are you from the market? Are you already ready? Do you sell these services?

Adam Godd: We have been online for several months now.

Robert J. Marks: With the condition that The mind matters is not paid at all for this mention, tell me how someone can find out more about your business.

Adam Godd: The name of the project is Just Cubes and you can find out more here.

Robert J. Marks: OK. Well, I hope you will become a very rich person because of this.

One last thing I would like to ask you is something called stable coins, that you will have to explain to me. It turns out that most cryptocurrencies are incredibly volatile. They will go up and down, their variants, their volatility is just wild. Yet these so-called stablecoins are cryptocurrencies as I understand them that do not exhibit this volatility. What is happening here?

Adam Godd: As you said, the crypto market can be incredibly volatile. Recently, the Ethereum market fell 10% in one day. He’s also had wild swings in the past. But yes, stablecoins, there are a handful of them. USD coin, representing US dollar coin, DAO, Tether. There are several of them. They have something supporting them. They are pegged to a currency like the US Dollar, there are Pounds, Euros and other similar currencies around the world.

The one I know best with the USD coin. They actually take a dollar bill and put it in a bank vault for each of the coins they issue. You can go up to them and say, “Here are five US dollar coins, give me $5,” and they can do it for you. So, since there is something that ties this currency to the US dollar, it will always have a value of $1. Now there is a slight fluctuation around that, just depending on momentary demand. But it’s usually in the tens of thousands or hundreds of thousands of pennies [in terms] how much does it change.

Robert J. Marks: Now clearly, to back this coin to USD, it’s going to cost a lot of money. Anyone facing the big bucks must have a reason for doing so. They must be paid. So how does it work ?

Adam Godd: Many investors have gotten involved in different Web3 and cryptocurrency projects over the past few years. They would be paid the same as people who are paid for mining and such. They would take a percentage of the fees provided to transact on the network.

Robert J. Marks: So every time you trade a coin to USD you get charged a bit, almost like charging something on Visa – the merchant you charge it to has to eat a bit of the purchase price because it goes to Visa or MasterCard, or something like that. Is this a good analogy?

Adam Godd: Yes. But in the case of cryptocurrencies, it is the one initiate the transaction that needs to fund the cost of the fee.

Robert J. Marks: Very interesting. I think this decentralized finance is going to be a big deal. I was talking to a bank employee who said banks really hate decentralized finance in general. Do you think the banks will maybe try to crush this decentralized bank or do you think they will opt for physical stores, some of which have just gone bankrupt?

Adam Godd: Well, as you said in one of our last episodes, “I always hate making predictions, especially about the future.” But I’m sure there are aspects of this that the banks don’t like. It allows people to borrow money, to make loans, to invest without having to go through the centralized systems, and therefore they don’t get a reduction. Who will win in the end? I do not know. But I think it will last for a while.


Here is the first part of this episode: what would a financial system based on the blockchain look like? Adam Goad talks about the main differences between banks and blockchains in what creates trust and privacy. Hackers don’t steal cryptocurrency by breaking encryption, but by getting users to reveal information that makes them vulnerable.

To note: If you want to read or listen to the first three episodes, you’ll find links to all parts at the bottom of this page.

Additional Resources

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One in six MSME loans under the ECLG program turned into NPAs: Report https://artdeko-bg.com/one-in-six-msme-loans-under-the-eclg-program-turned-into-npas-report/ Thu, 08 Sep 2022 08:13:00 +0000 https://artdeko-bg.com/one-in-six-msme-loans-under-the-eclg-program-turned-into-npas-report/ One in six loans disbursed under the Emergency Line of Credit Guarantee Scheme (ECLG Scheme) launched during the Covid-19 pandemic have gone bad in the past 27 months. The majority of these loans are below Rs 20 lakh, a report of Indian Express (IE) declared. The National Credit Guarantee Trustee Company […]]]>


One in six loans disbursed under the Emergency Line of Credit Guarantee Scheme (ECLG Scheme) launched during the Covid-19 pandemic have gone bad in the past 27 months. The majority of these loans are below Rs 20 lakh, a report of Indian Express (IE) declared.

The National Credit Guarantee Trustee Company Ltd (NCGTC) said 1.6 million accounts, or 16.4% of the total 9.8 million loans disbursed, turned into non-performing assets (NPA), the report said. . NCGTC was created to handle these loans.

In May 2020, the government announced the ECLG scheme. A two-year moratorium has been authorized for loans under the ECLG. For NBFCs, the interest rate was capped at 14%. The interest rate for other entities was set at 9.25 percent. If they remained unpaid after the moratorium, the loans had to be declared NPA.

However, THAT’S TO SAY quoted a banker saying that if a customer’s loan account goes bad, all of the account holder’s loans are reported as NPA.

Loans under the ECLG program are guaranteed by the government and 75% of the loan amount is immediately disbursed to the bank by the government if the accounts become NPAs. If the money is not recovered, the government pays the 25% to the bank.

A State Bank of India (SBI) report released in January said the ECLGS was crucial to keeping MSMEs afloat.

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Britain’s Lloyds racks up $350m in probable fraudulent COVID loans https://artdeko-bg.com/britains-lloyds-racks-up-350m-in-probable-fraudulent-covid-loans/ Tue, 06 Sep 2022 13:08:00 +0000 https://artdeko-bg.com/britains-lloyds-racks-up-350m-in-probable-fraudulent-covid-loans/ General view of signage at a branch of Lloyds bank, in London, Britain October 31, 2021. REUTERS/Tom Nicholson Join now for FREE unlimited access to Reuters.com Register LONDON, Sept 6 (Reuters) – Lloyds Banking Group (LLOY.L) has been hit by more than 300 million pounds ($348 million) in suspected fraud related to COVID-19 pandemic-era stimulus […]]]>

General view of signage at a branch of Lloyds bank, in London, Britain October 31, 2021. REUTERS/Tom Nicholson

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LONDON, Sept 6 (Reuters) – Lloyds Banking Group (LLOY.L) has been hit by more than 300 million pounds ($348 million) in suspected fraud related to COVID-19 pandemic-era stimulus loans for small businesses, the highest among major banking peers, according to government data.

Overall, UK banks have branded some £1.1bn of the emergency loan scheme known as ‘rebound’ loans as fraud, according to data released by the UK’s Department for Business, Finance on Monday. Energy and Industry (BEIS).

Lloyds is the worst hit among the big banks in terms of net amount and has also recorded a higher likely fraud rate with some 3.6% of its £8.5bn bounced loans classified as suspect, according to a calculation by Reuters from the data.

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This compares to 2.4% for Barclays’ £10.8bn loan under the scheme, 1.7% for NatWest’s £8.9bn and 1.3% for NatWest’s £7.3bn. HSBC.

A Lloyds spokesperson said its suspected fraud rate was lower than the 7.5% average estimated by scheme administrator British Business Bank.

“When fraud was identified, we acted quickly and have already recovered the majority of these funds without calling the guarantee and will continue to attempt to do so even after a claim is filed,” the doorstep added. -word.

The other banks said the different levels could partly reflect some lenders having more sophisticated fraud detection measures, as well as different thresholds for classifying a loan as suspicious.

Levels of fraudulent loans with lenders are not final and are subject to change. Under the rules of the scheme, the government is liable for the costs of fraud if the banks can prove that they administered the scheme correctly.

“These programs have been implemented with unprecedented speed to protect millions of jobs and businesses. If the government did not act quickly, more businesses would have gone bankrupt and many more jobs would have been lost” , said a government spokesman.

Smaller online lenders have been disproportionately hit by suspicions of fraud, with two classifying up to around one in four of their bounced loans as potential scams.

London-based New Wave Capital Limited – which does business as Capital On Tap – and Isle of Man-based Conister Bank reported 27% and 24% of their loans as suspected fraud respectively, according to the Reuters calculations based on government data.

New Wave Capital and Conister did not respond to an emailed request for comment.

The latest data on overall fraud levels, first reported by Reuters on Friday, hints at a potential headache for Britain’s ruling Conservative Party and bank bosses over how the loan scheme was hastily adopted in 2020. read more

A junior government minister, Theodore Agnew, resigned in protest at the running of the scheme in January, saying efforts to end fraudulent loan abuse were “dismal”. Read more

The British Business Bank said proper fraud checks had been in place from the start, and lenders administering the scheme said overall fraud levels were low.

($1 = 0.8624 pounds)

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Reporting by Lawrence White, Iain Withers and Sinead Cruise, editing by Ed Osmond and Louise Heavens

Our standards: The Thomson Reuters Trust Principles.

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SIDBI’s 59-Minute Loan Scheme: 2.24 lakh loans involving Rs 66,635 crore disbursed so far, according to government data https://artdeko-bg.com/sidbis-59-minute-loan-scheme-2-24-lakh-loans-involving-rs-66635-crore-disbursed-so-far-according-to-government-data/ Sun, 04 Sep 2022 15:03:47 +0000 https://artdeko-bg.com/sidbis-59-minute-loan-scheme-2-24-lakh-loans-involving-rs-66635-crore-disbursed-so-far-according-to-government-data/ Credit and financing for MSMEs: SIDBI’s Loans in 59 Minutes Approval Scheme for Micro, Small and Medium Enterprises (MSMEs), PSB Loans in 59 Minutes disbursed 2,24,323 loans worth Rs 66,635 crore out of 2,41,781 loans amounting of Rs 82,323 crore sanctioned as of September 1, 2022, displays the latest government data on the MSME Dashboard. […]]]>

Credit and financing for MSMEs: SIDBI’s Loans in 59 Minutes Approval Scheme for Micro, Small and Medium Enterprises (MSMEs), PSB Loans in 59 Minutes disbursed 2,24,323 loans worth Rs 66,635 crore out of 2,41,781 loans amounting of Rs 82,323 crore sanctioned as of September 1, 2022, displays the latest government data on the MSME Dashboard. In comparison, loans sanctioned as of August 31, 2021, under the 59-Minute MSME Loan Scheme, stood at 2,33,845 involving Rs 77,811 crore while loans disbursed were 2,17,828 amounting to Rs 63,553 crore. This indicated only a marginal 2.9% year-on-year increase in disbursed loans.

Launched in November 2018, the scheme provides bank approval in principle for unsecured term loans or working capital loans to MSMEs from Rs 1 lakh to Rs 5 crore in 59 minutes. Although the borrower is not required to pay for registration, a payment of Rs 1,000 is required by those whose loan applications match the lenders’ products and wish to receive approval in principle, according to the program’s FAQ. The loan disbursement time depends on the information and documentation provided by the borrower.

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Meanwhile, fintech platform Online PSB Loans (OPL), which runs the scheme, is expected to hit the Rs 1 million mark in disbursement by the end of FY23, its managing director and CEO said. Jinand Shah at FE Aspire (formerly Financial Express Online) in July this year. A 50% growth, Shah said, will be supported by the credit season that begins in September and runs through March for MSMEs. The portal has partnered with more than 21 lenders such as SBI, Punjab National Bank, Bank of Baroda, ICICI Bank, Kotak Mahindra Bank and IndusInd Bank to facilitate credit to borrowers.

Total bank credit to the MSME sector in July stood at Rs 18.08 lakh crore, up 24% from Rs 14.56 lakh crore in July last year, according to the latest rollout data. sector of the Reserve Bank of India.

Also read: 24% increase in wholesale and retail insolvency cases in the first quarter of FY23 compared to the previous year: CareEdge

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