Borrowing – Free Portal http://free-portal.ro/ Mon, 19 Sep 2022 15:48:12 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://free-portal.ro/wp-content/uploads/2021/04/cropped-icon-32x32.png Borrowing – Free Portal http://free-portal.ro/ 32 32 Uniglo (GLO) beats volatile markets with 30% price gain over Nexo (NEXO) and 1inch Network (1INCH) https://free-portal.ro/uniglo-glo-beats-volatile-markets-with-30-price-gain-over-nexo-nexo-and-1inch-network-1inch/ Sat, 17 Sep 2022 08:45:57 +0000 https://free-portal.ro/uniglo-glo-beats-volatile-markets-with-30-price-gain-over-nexo-nexo-and-1inch-network-1inch/ Uniglo (GLO) was one of the best performing assets last month, despite market volatility. The price of GLO has increased by 35% compared to Nexo (NEXO) and 1inch Network (1INCH). The stability and reliability of the protocol depends on the openness of Uniglo, which is one of the main factors contributing to its popularity as […]]]>

Uniglo (GLO) was one of the best performing assets last month, despite market volatility. The price of GLO has increased by 35% compared to Nexo (NEXO) and 1inch Network (1INCH).

The stability and reliability of the protocol depends on the openness of Uniglo, which is one of the main factors contributing to its popularity as an alternative investment.

The utility of the GLO token gives it strength. Uniglo presents a new method of wealth management. To maintain the value of GLO, it uses a special vault to hold a mix of NFTs, digital assets, and physical assets. Due to the DAO structure, the community will share Uniglo’s vault assets. Without consultation with the community, Uniglo will not make any choices throughout the development process. A practical use case of the token is its use on the platform.

Crypto experts say other DeFi titans will be forced to innovate by Uniglo’s ultra-burn mechanism, which aims to buy back GLO tokens from the market and permanently remove them from circulation. GLO’s value could increase as a result of this procedure, which will lead to a decrease in its supply in the market. This suggests that long-term wealth creation will benefit early adopters of Uniglo.io.

The Uniglo team is also actively involved in the community and is always available to help users and answer their questions. One of the most crucial elements of a project’s success is its community, and Uniglo seems to have a very strong one.

These elements have helped Uniglo succeed over the past month, and we believe the project will follow in the future.

Nexo (NEXO) and 1inch Network (1INCH) down 7% and 25%, respectively

The cryptocurrency market endured a tough few days, with some major tokens losing value. The selloff in both projects appears to be part of a broader selloff in the cryptocurrency market, which has recently seen several significant tokens lose value.

Best known for its crypto lending, Nexo has seen its token lose 7% of its value in the past 7 days.

To better understand price volatility, you have to look at how they work.

A blockchain-based lending company called Nexo offers customers fast loans secured by cryptocurrencies. For fiat currency or stablecoin lending, users must deposit an accepted token, such as Bitcoin (BTC), Ether (ETH), Litecoin (LTC), or XRP (XRP), as collateral.

When locked into the network, Nexo’s native token, NEXO, offers users benefits including lower lending interest rates and the ability to earn interest payments on deposited money. Additionally, dividends from Nexo’s earnings are paid out to token holders.

Last week, the price of the Nexo cryptocurrency fell by 7%. Nexo could be on the wrong side of the deal as traders continue to discuss the impending Ethereum merger.

The initial protocol of the 1 inch network is a decentralized exchange aggregation solution, which offers consumers better prices than any single exchange by searching for offers among many sources of liquidity. The 1-inch aggregation protocol uses the Pathfinder method to compare over 240 sources of liquidity across Ethereum, BNB Chain, Polygon, Avalanche, Optimistic Ethereum, Arbitrum, Fantom, and Gnosis Chain to discover optimal paths.

The 1-inch DEX aggregator crossed $150 billion in total volume on the Ethereum network alone and attracted 1 million users in just over two years.

1inch Network, a decentralized exchange aggregator, did even worse, losing 25% of its value in the past 30 days.

Learn more about Uniglo:

Join the presale: https://presale.uniglo.io/register

Website: https://uniglo.io

Telegram: https://t.me/GloFoundation

Discord: https://discord.gg/a38KRnjQvW

Twitter: https://twitter.com/GloFoundation1

Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not and will not endorse any information about any company or individual on this page. Readers are encouraged to do their own research and take action based on their own findings and not from any content written in this press release or in any sponsored post. Thecoinrepublic.com is not and will not be liable for any damage or loss caused directly or indirectly by the use of any content, product or service mentioned in this press release or sponsored post.

Latest Guest Author Articles (see everything)

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Best Bad Credit Loans and No Credit Check Loans with Guaranteed Approval in 2022 https://free-portal.ro/best-bad-credit-loans-and-no-credit-check-loans-with-guaranteed-approval-in-2022/ Thu, 15 Sep 2022 20:41:00 +0000 https://free-portal.ro/best-bad-credit-loans-and-no-credit-check-loans-with-guaranteed-approval-in-2022/ Best Loans for Bad Credit: Get No Credit Check Loans with Guaranteed Approval Unless you can see the future, you cannot predict an emergency. So if a financial emergency arises and you are not well prepared, you will need a reliable solution to help you get through the trouble. At times like these, most people […]]]>

Best Loans for Bad Credit: Get No Credit Check Loans with Guaranteed Approval

Unless you can see the future, you cannot predict an emergency. So if a financial emergency arises and you are not well prepared, you will need a reliable solution to help you get through the trouble. At times like these, most people turn to quick loans. But it can be difficult to get an emergency loan if you’re struggling with bad credit.

Fortunately, no credit check loans are available to provide a convenient and safe way for people with bad credit to borrow money quickly on short notice.

Here are the best places where you can borrow no credit check loans with guaranteed approval.

  1. Problematic loans in the United States – Best overall for bad loans
  2. WeLoans – Ideal for small bad loans with guaranteed approval
  3. CocoLoan – Ideal for same day loans without a credit check
  4. iPaydayLoans – Ideal for bad loans with fast approval
  5. American Installment Loans – Ideal for same day installment loans with guaranteed approval
  6. Loans for bad credit in UK – Ideal for bad credit loans with guaranteed approval in the UK
  7. Quick Payday Loans – Ideal for easy and fast bad loans in UK
  8. Easy Payday Loans – Ideal for no credit check loans with guaranteed approval
  9. Unit loan – Ideal for easy and fast bad loans with guaranteed approval
  10. honest loans – Ideal for same day loans without credit check with fast approval

Bad Credit Loans USA – Best for Small Bad Credit Loans with Guaranteed Approval

If your poor credit is preventing you from getting financial help when you need it, you should check Problematic loans in the United States. The platform has an excellent reputation for connecting borrowers with bad credit to lenders who will lend up to $5,000 without a credit check and on the same day.

The company partners with direct lenders who are reliable and trustworthy and who are ready to work with you to find a financial product that meets your needs. If you meet their reasonable requirements, they will offer you online loans regardless of your credit rating. There are dozens of lenders offering different types of loans. payday loans, title loans, installment loans, etc.

Advantages

  • Dozens of reliable and trustworthy direct lenders
  • Quick approval and funding
  • Online and automated application process
  • Bad credit is considered

The inconvenients

  • Lenders can perform soft credit checks.

Get Instant Access to Easy Loans on USA Bad Credit Loans Today! >>>

WeLoans – Best Overall for Bad Loans

WeLoans is arguably the best online platform for bad loans. Although fairly new to the market, it quickly caught on and became a household name in the United States. This allows borrowers with not-so-stellar credit to easily access loans from some of the most reputable lenders in the country.

WeLoans partners with a large number of direct lenders who can provide different loans, including title loans, payday loans, and personal loans for bad credit. The site strives to ensure that borrowers who are looking for urgent loans get their money as quickly as possible to help them with their needs.

To access a loan, all you have to do is complete a simple online form which is then immediately distributed to several lenders. These lenders review the application and get back to you within minutes with offers. Once you have settled on a lender, you will receive your money as quickly as the same day.

Advantages

  • Reliable and reputable lenders
  • Easy to use platform
  • No hidden fees
  • Fast and direct funds transfer

The inconvenients

  • You may need to provide proof of income to qualify

Get bad credit loans available on WeLoans today! >>>

CocoLoan – Best for same day loans with no credit check

CocoLoan is another great platform that connects borrowers with direct lenders that offer different types of loans without credit checks. If you have a financial emergency, this platform can connect you with lenders who will lend you up to 35,000% without a credit check and on the same day.

To get instant access to multiple lenders, just go to the CocoLoan site, complete and submit the simple online form, and you’ll start receiving offers right away. Start by reviewing each offer you receive to find the one that best suits your needs.

Once you have chosen your offer, you can respond to the lender and discuss the terms. You will receive your money quickly once you sign an agreement. Quick, easy and effortless.

Advantages

  • Practical – 100% online services
  • Dozens of reputable and reliable lenders
  • Effortless application, quick approval
  • Bad credit may qualify

The inconvenients

  • Some lenders may require proof of source of income.

Apply for a bad credit loan with instant approval on CocoLoan today! >>

Factors to consider when looking for the best loans for bad credit with guaranteed approval

Eligibility

Before applying for a loan, check your eligibility and their requirements. Even though payday lenders approve of low credit, some require a minimum FICO score of 620. You also need to consider your debt-to-equity ratio, which is your monthly expenses compared to your income. Lenders require borrowers to have a stable income to ensure timely repayments.

Interest charges

When you borrow money, the interest rate is crucial. Compare the minimum rates to see if they are reasonable. Also check your credit score because generally better credit means lower interest rates. bad lenders could offer fixed and non-variable interest rates. These fixed rates can remain constant for the duration of the loan, while variable rates are adjustable.

Terms and conditions

Before signing the contract, it is always advisable to read between the lines. Read carefully and make sure that the terms spelled out on the contract are favorable to your needs and you won’t have any problems with them during the repayment period.

Other expenses

Different lenders have different fees associated with the loans offered. For example, some lenders have initiation fees, processing fees, late payment fees, NSF check penalties, etc. Make sure you understand all the expected fees before signing the contract, so that there are no surprises in the future.

Last word

There aren’t many options available for people with bad credit. But that doesn’t mean you can’t get the help you need when you’re in a financial emergency. We have compiled these platforms to help you see some of the possibilities available that you can use when needed.

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William Ruto pledges Hustler Fund to boost business https://free-portal.ro/william-ruto-pledges-hustler-fund-to-boost-business/ Tue, 13 Sep 2022 18:26:25 +0000 https://free-portal.ro/william-ruto-pledges-hustler-fund-to-boost-business/ President William Ruto signs an executive order at State House, Nairobi on September 13, 2022. [PSCU] The government will create a new fund to help small and micro businesses access capital. President William Ruto made the promise in a speech at his swearing-in ceremony yesterday. He did not, however, provide details of the fund, including […]]]>
President William Ruto signs an executive order at State House, Nairobi on September 13, 2022. [PSCU]

The government will create a new fund to help small and micro businesses access capital.

President William Ruto made the promise in a speech at his swearing-in ceremony yesterday.

He did not, however, provide details of the fund, including the specific amount to be set aside or the terms of access.

He said the fund would benefit low-income groups or “scammers” as he calls them and would be rolled out through credit companies and investment groups.

“We will set up the Hustler Fund, dedicated to capitalizing micro, small and medium enterprises through chamas, saccos and cooperatives to make credit available on affordable terms that do not require collateral,” he said. he declared in his national address after taking the oath. in.

Ruto, who was elected on a campaign platform aimed at lifting low-income groups out of biting poverty, said earlier that his government would set aside 50 billion shillings each year to facilitate access to capital for the groups.

Its economic project emphasizes empowerment of disadvantaged people through the “bottom-up economic model”.

While defending the model, Ruto says he will use it to lift millions of people out of biting poverty.

“We will commit 50 billion shillings a year to provide MSMEs with 100% access to affordable finance through Saccos, venture capital, equity funds and long-term debt for start-ups and growth-oriented SMEs,” he said.

Ruto has said in the past that this model will benefit millions of unemployed Kenyans as well as small and medium businesses.

“The bottom-up method is anchored on the deliberate promotion of investments and financial instruments targeting the millions of unemployed, rip-off companies and farmer groups,” he said earlier.

Raising seed capital and accessing markets are among the biggest challenges for budding Kenyan entrepreneurs, with banks demanding collateral that most do not have, a previous study has shown.

The challenge has partly seen the rise of unregulated credit institutions in the country.

With their exorbitant interest rates and terms, microcredit from online lenders has thrown many borrowers into a debt trap.

Dozens of unregulated microlenders – many backed by Silicon Valley venture capitalists – have flooded Kenya’s credit market in response to growing demand for quick loans.

​Their proliferation has burdened borrowers with high interest rates, which escalate up to 520% ​​when annualized, resulting in increased defaults and an ever-increasing number of defaulters who have been unfavorably listed with credit bureaus. credit reference (CRB).

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CBD partners with Sharaf DG Energy https://free-portal.ro/cbd-partners-with-sharaf-dg-energy/ Tue, 13 Sep 2022 10:37:19 +0000 https://free-portal.ro/cbd-partners-with-sharaf-dg-energy/ Dubai: Commercial Bank of Dubai, a leading bank in the United Arab Emirates, has announced a combination with Sharaf DG, a unit of the UAE-based conglomerate Sharaf Group. The partnership will enable customers to embrace clean energy by installing solar PV systems for their homes from Sharaf DG Energy through a sustainable and digital financing […]]]>

Dubai: Commercial Bank of Dubai, a leading bank in the United Arab Emirates, has announced a combination with Sharaf DG, a unit of the UAE-based conglomerate Sharaf Group.

The partnership will enable customers to embrace clean energy by installing solar PV systems for their homes from Sharaf DG Energy through a sustainable and digital financing option from CBD. Solar PV systems can be digitally financed via a quick loan or credit card using the CBD mobile app. The application process is transparent and hassle-free; The Emirates ID card is the only document required. Customers can enjoy a loan repayment period of up to 48 months at preferential interest rates.

The agreement was signed by Dr. Bernd van Linder, Managing Director of CBD and Mr. Nilesh Khalkho, Managing Director of Sharaf DG, during a recent event held at the Bank’s Head Office in Dubai.

Dr Bernd van Linder, CEO of CBD, said: “Sustainability is an integral part of CBD’s business strategy and we are delighted to partner with Sharaf DG Energy and offer customers the opportunity to produce their own clean energy and to take positive steps towards a climate-neutral economy in the UAE. The UAE aims to produce 75% of its energy needs from clean sources by 2050 to meet growing energy demand and ensure sustainable growth of the country’s economy. CBD is proud to support our nation’s ambitions and contribute to the UAE’s efforts to develop a more sustainable future.

Mr. Nilesh Khalkho, Managing Director of Sharaf DG, said: “Sharaf DG Energy is delighted to partner with Commercial Bank of Dubai to provide fully funded solar energy solutions to villa owners, enabling them to save on their electricity bills while paying into extended payment plans. Generating electricity from sustainable energy sources, such as solar power, provides resilience to fluctuating energy costs, which underlines the financial security of the UAE and its residents. “

Amit Malhotra, Managing Director – Personal Banking Group, CBD, said: “We are delighted to partner with Sharaf DG Energy to provide our customers with simple, digital financing solutions for the purchase of solar panels for their homes. We We have a range of financing options available, including CBD Quick Loans and Credit Cards, which are attractively priced to help customers embark on this sustainable journey.”

In line with CBD’s commitment to sustainability, the Bank has also recently launched a number of new initiatives, including an electric vehicle loan and an education loan at reduced interest rates for customers.

Mr. Ramkumar Sunkari, Corporate Head – Energy and Chief Financial Officer – Sharaf DG, said, “Having over 850 solarized private villas and over 85 megawatts of ongoing and completed solar projects across commercial, industrial and residential solar sectors , we pride ourselves on offering payment flexibility to our customers backed by quality project delivery and after-sales support enable solar customers to obtain monetary savings on electricity bills while paying for solar power in installments.

-Ends-

About Dubai Commercial Bank:

The Commercial Bank of Dubai was established in 1969 and is registered as a Public Joint Stock Company (PSC). The Bank is listed on the Dubai Financial Market and is predominantly owned by UAE nationals, with 20% owned by the Investment Corporation of Dubai (ICD). Over the years, Commercial Bank of Dubai has established itself as a progressive and modern banking institution with a solid financial structure and solid management, as well as a loyal clientele and correspondent base. and constantly growing. Today, CBD is one of the leading banks in the United Arab Emirates and offers its customers a full range of retail and commercial banking products and services.

For more information, contact the CBD PR and Media team at PRandMedia@cbd.ae

About Sharaf DG Energy:

Founded in 2017, it is a wholly owned subsidiary of Sharar DG (a unit of the conglomerate of 47 Sharaf Group companies). Sharaf DG Energy aims to continue the Sharaf Group’s legacy as a leader in every industry in which it has operated since 1975. At Sharaf DG Energy, the mission is to make solar energy the largest source of sustainable energy in the WATER. Sharaf DG Energy provides a full range of energy services helping commercial and residential owners reduce their electricity bills through PPA, Lease, CAPEX and Deferred CAPEX.

For more information contact the Sharaf DG Energy team at sdgenergy@sharafdg.com

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SECP launches action against illegal digital lenders https://free-portal.ro/secp-launches-action-against-illegal-digital-lenders/ Sun, 11 Sep 2022 09:33:25 +0000 https://free-portal.ro/secp-launches-action-against-illegal-digital-lenders/ ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has taken action against companies that loot people through illegal mobile apps offering cheap and fast loans at high interest rates. The regulator has referred the case against 14 illegal apps to the Federal Investigation Agency (FIA) for filing a lawsuit and also moved to change […]]]>

ISLAMABAD:

The Securities and Exchange Commission of Pakistan (SECP) has taken action against companies that loot people through illegal mobile apps offering cheap and fast loans at high interest rates.

The regulator has referred the case against 14 illegal apps to the Federal Investigation Agency (FIA) for filing a lawsuit and also moved to change rules allowing licensed companies to digitally provide loans to the public.

The SECP told The Express Tribune that many national and international companies were involved in the case, adding that they began to act when they received complaints.

The companies under investigation are Flexi Money, Hazir Loan, Credist, Fori Money, Fast Cash, Mr Loan, V Cash and Mera Rupee. Most of them are foreign companies with front men in Pakistan. They have false addresses and are illegally using the SECP name. They also use different VPNs to communicate with people while hiding their location.

They lure people by offering loans of up to Rs 50,000 for 90 days and give them loans of Rs 2,000 to 3,000 for a week, charging up to 200% interest and service charges.

According to the SECP, the FIA ​​is working on the issue and actively tracking Pakistanis who operate these illegal apps by tracing their offices, phone numbers and email addresses used for these crimes.

The SECP spokesperson said that they have introduced digital lending in the country legally and the industry is doing well, adding that eight companies are licensed, two of which provide small loans while six others provide other types. loans, including business loans.

However, the spokesperson noted, a Chinese company and another Pakistani company were providing small loans and as the former had one mobile app, the latter had two. He added that they had received 800 complaints against the two companies’ apps, and that those complaints had been repaired, with some people’s loans canceled.

He added that they had also received complaints about these companies hiring agents for loan collection and obtaining other information including users’ contact list, a move that had been banned.

In response to a question, the spokesperson said that digital lending had grown by 1,100% in one year and that these two companies had issued small loans amounting to Rs 13 billion to the public, the rate of return being 90%.

He said that due to the opportunities in this sector, other companies are also pursuing him and that the SECP currently has 40 applications for licenses, but they are no longer issuing licenses due to the complaints against the two companies.

He said they had decided to make the digital lending rules stricter by changing them for public safety and to prevent abuse, after which new licenses would be issued.

The spokesperson said that due to lack of awareness, people used to take loans through mobile apps and fail to repay the lenders, due to which the interest burden was increasing for them. However, those who repaid their loans on time had no problems, he added.

He said that despite this, they are changing the rules and action is being taken against those who operate illegal apps.

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The week in 5 graphs | Queen Elizabeth II dies, debt traps via instant loan apps and more https://free-portal.ro/the-week-in-5-graphs-queen-elizabeth-ii-dies-debt-traps-via-instant-loan-apps-and-more/ Sat, 10 Sep 2022 10:55:00 +0000 https://free-portal.ro/the-week-in-5-graphs-queen-elizabeth-ii-dies-debt-traps-via-instant-loan-apps-and-more/ Here are 5 charts that will help you understand some of the key stories from this week Here are 5 charts that will help you understand some of the key stories from this week (1) Queen Elizabeth II, UK’s longest-serving monarch, dies Britain’s oldest reigning monarch, Queen Elizabeth II, died on September 8 at the […]]]>

Here are 5 charts that will help you understand some of the key stories from this week

Here are 5 charts that will help you understand some of the key stories from this week

(1) Queen Elizabeth II, UK’s longest-serving monarch, dies

Britain’s oldest reigning monarch, Queen Elizabeth II, died on September 8 at the age of 96. His death at his Scottish estate, Balmoral Castle, was announced by Buckingham Palace shortly after 6 p.m. Thursday evening. With the death of Queen Elizabeth II, her son Charles automatically becomes the new monarch. The Queen was the head of 14 Commonwealth countries, including Australia and New Zealand. She had been a ubiquitous figure for an entire generation, especially in Britain, given the length of her reign.

The following graphic is a timeline that offers a concise summary of the late Queen’s life.

(2) The fatal lure of instant loan apps

Several Indians have taken their own lives due to harassment by debt collectors from unregulated digital loan apps mostly linked to China-based entities. Survey agencies are now cracking the whip on such apps that lure customers into debt traps by offering quick loans. To combat the threat of illegal loan applications, the RBI has been asked to prepare a ‘white list’ of legal loan applications and the Ministry of Electronics and Information Technology (MeitY) has been tasked with s ensure that only these apps are available on the app stores. The following series of graphs explores the scale of the problem by showing the number of complaints received by the RBI regarding suspicious loan applications. It also details how lending apps leverage critical phone features.

(3) Mass shootings in the United States are rampant

A total of 17 people lost their lives and 54 were injured due to multiple mass shootings across the United States from September 3, 2022 to September 5, 2022, according to Gun Violence Archive. As of September 8, 2022, there have already been 468 mass shootings, killing 479 people. The following series of graphs displays the number of people killed by state in 2022, followed by an overview of mass shootings in the country from 2016 to 2021.

(4) Job creation is one of the Centre’s top priorities: FM

Inflation is no longer a “red lettered” priority for the government as it has been brought down to a “manageable level” over the past two months, Finance Minister Nirmala Sitharaman said on Wednesday, noting that rather, job creation and the equitable distribution of wealth were the main priorities from now on. In August 2022, the unemployment rate reached 8.3%, according to the Center for Monitoring Indian Economy. The following chart explores monthly unemployment rates from January 2016.

India ranks 132nd in UNDP’s Human Development Index

India ranks 132nd out of 191 countries in the 2021 Human Development Index (HDI), after recording a decline in its score for two consecutive years for the first time in three decades. India’s HDI score fell from 0.645 in 2020 to 0.633 in 2021. The graph below shows the evolution of HDI scores of India and its neighboring countries over the past 10 years.

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Top 5 Cardano Ecosystem Coins by Market Cap to Watch in September 2022 https://free-portal.ro/top-5-cardano-ecosystem-coins-by-market-cap-to-watch-in-september-2022/ Sun, 04 Sep 2022 03:16:51 +0000 https://free-portal.ro/top-5-cardano-ecosystem-coins-by-market-cap-to-watch-in-september-2022/ Cardano Ecosystem is known in the blockchain industry for its unique solution, mainly allowing developers to create token projects or even decentralized applications. The Cardano ecosystem has a robust total market capitalization of around $20,391,702,578 and a total trading volume of around $1,130,769,200. Note: This list is sorted by market capitalization, from lowest to highest. […]]]>

Cardano Ecosystem is known in the blockchain industry for its unique solution, mainly allowing developers to create token projects or even decentralized applications. The Cardano ecosystem has a robust total market capitalization of around $20,391,702,578 and a total trading volume of around $1,130,769,200.

Note: This list is sorted by market capitalization, from lowest to highest.

COTI Award (COTI)

  • Unit Price: $0.09453
  • Market Cap: $105,053,034
  • Distinguished Features: With the help of this platform, companies can rapidly develop state-of-the-art financial products while saving time, data, and money.

COTI, the first enterprise-grade fintech platform, allows businesses to build payment systems and digitize any currency to save time and money.

One of the world’s first blockchain protocols, COTI is designed for use by corporations, governments, payment DApps, and stablecoin issuers. It is optimized for decentralized payments.

The Payment Network is a global payment system that allows customers and businesses to freely conduct financial transactions using a digital wallet, coins, and more.

COTI is also the first platform in the world designed to produce stablecoins. The option to create their stablecoin gives a person control of both their money and their data.

$COTI has a 24-hour trading volume of $6,305,705 and trades on major cryptocurrency exchanges such as Binance, BingX, Bybit, MEXC, and Phemex.

Ergo (ERG)

ergo cardano ecosystem

  • Unit price: $3.75
  • Market Cap: $119,943,347
  • Features: The Ergo platform intends to offer an efficient, secure and simple method for setting up financial contracts that will be beneficial and resilient over time.

ergonomics presents itself as a self-modifying protocol that supposedly allows it to integrate new concepts in a decentralized way and to improve.

Ergo is a next-generation smart contract platform that guarantees financial independence for ordinary people by providing safe, convenient and decentralized financial instruments.

Ergo draws on ten years of blockchain development and combines proven principles with the best peer-reviewed academic studies in cryptography, consensus models, and digital currencies.

Ergo’s smart contracts are built on Sigma protocols. They make it possible to create a class of efficient zero-knowledge protocols that allow us to perform actions that would otherwise be impossible or costly and dangerous.

$ERG trades on major cryptocurrency exchanges like KuCoin, Gate.io, FMFW.io, CoinEx, and ProBit Global, with a 24-hour trading volume of $3,516,422.

Nexo (NEXO)

next cardano ecosystem

  • Unit Price: $1.03
  • Market Cap: $577,285,815
  • Distinctive Features: As the first-ever provider of fast cryptocurrency-backed loans, Nexo aims to address market inefficiencies, according to its whitepaper.

Users can get fast loans secured by cryptocurrencies via Nexo, a blockchain-based lending platform. Users post a supported token, such as Bitcoin (BTC), Ether (ETH), Litecoin (LTC), or XRP (XRP), as collateral in exchange for a fiat currency loan or stablecoin.

Nexo aims to grow a customer base of users who continue to use the platform and support NEXO. To reward customers who keep NEXO in their accounts, the company unveiled a loyalty program that offers them lower loan interest rates and higher savings returns. In addition, 30% of Nexo’s earnings are paid out as dividends to owners of NEXO tokens.

Profits from accrued interest on loans support the business, providing institutional credit and advisory services.

$NEXO has a 24-hour trading volume of $28,930,568, traded on Binance, BingX, Bybit, MEXC, and Deepcoin exchanges.

Chain link (LINK)

cardano chainlink ecosystem tokens

  • Unit price: $6.89
  • Market Cap: $3,387,818,402
  • Distinguished Features: Chainlink, a decentralized network, allows users to operate nodes and generate revenue from the vital data infrastructure needed to run blockchains.

Chain link, a blockchain abstraction layer established in 2017, enables globally interconnected smart contracts. Chainlink, a decentralized oracle network, allows blockchains to securely interact with external data streams, events, and payment methods while providing crucial off-chain information required by sophisticated, rapidly becoming smart contracts. the main type of digital contract.

A large open source community of data producers, node operators, smart contract developers, researchers, security auditors and others power the Chainlink network.

The company is committed to ensuring that all node operators and users who wish to contribute to the network are assured of decentralized involvement.

$LINK has a 24-hour trading volume of $349,856,741 and trades on major cryptocurrency exchanges like Binance, OKX, BTCEX, BingX, and Bybit.

Gimbal (ADA)

gimbal (ADA)

  • Unit Price: $0.4684
  • Market Cap: $16,038,882,459
  • Distinctive Features: The project has taken pleasure in ensuring that every piece of technology created goes through a peer-research process, allowing bold theories to be challenged before they are confirmed.

Founded in 2017, gimbal is a blockchain proof-of-stake platform that claims to empower “changemakers, innovators, and dreamers” to effect beneficial global change.

The open-source initiative also seeks to “redistribute power from unaccountable structures to the margins of individuals”, which will help develop a safer, more responsible and more just society.

The purpose of the ADA token is to ensure that bearers can participate in the management of the network. As a result, users who own cryptocurrencies have the opportunity to vote on any proposed changes to the program.

One of the major blockchains, Cardano, uses the proof-of-stake consensus process, which consumes less power than the proof-of-work algorithm used by Bitcoin.

According to a recent announcement by Input-Output Hong Kong (IOHK), the blockchain development company behind Cardano, Vasil’s upgrade, which aims to improve Cardano’s scaling capabilities and reduce transaction costs, is set to launch on September 22.

$ADA has a 24-hour trading volume of $730,277,973 and trades on major cryptocurrency exchanges like Binance, OKX, BTCEX, Deepcoin, and Bybit.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any service.

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Google introduces user-choice billing in India; comply with loan rules by November 30, says RBI https://free-portal.ro/google-introduces-user-choice-billing-in-india-comply-with-loan-rules-by-november-30-says-rbi/ Fri, 02 Sep 2022 13:45:00 +0000 https://free-portal.ro/google-introduces-user-choice-billing-in-india-comply-with-loan-rules-by-november-30-says-rbi/ In March, Google said it would allow Android app developers to use their own payment systems as long as they also offered Play Store billing. Now, the tech giant has expanded that pilot, saying non-gaming developers around the world can offer a choice of billing systems to users in India and four other markets. Also […]]]>
In March, Google said it would allow Android app developers to use their own payment systems as long as they also offered Play Store billing. Now, the tech giant has expanded that pilot, saying non-gaming developers around the world can offer a choice of billing systems to users in India and four other markets.

Also in this letter:
■ Comply with lending rules by November 30, says RBI
■ Beware of Zomato and Swiggy food diets, NRAI tells members
■ SoftBank plans staff cuts of at least 20% at Vision Fund


Google Expands User Choice Billing Pilot to India and Four More Markets

Google announced on Friday that it is rolling out the next phase of its User Choice Billing pilot for users in India, Australia, Indonesia, Japan and the European Economic Area.

Catch up fast: Earlier this year, Google announced a new pilot to explore user-choice billing for Google Play apps, allowing participating developers to offer users an alternative to its own billing system.

This follows a crackdown by South Korea, which in August 2021 banned “the act of imposing a specific payment method on a mobile content provider”.

Now, all non-gaming developers around the world will be able to sign up for the pilot and offer a choice of billing systems to users in India and other markets, the company said.

Users will continue to have the choice of using Play’s billing system, he said, and “reasonable service fees” will continue to apply to support its investments in Android and the Play Store. .

“We’ll share more in the coming months as we continue to build and iterate with our pilot partners,” Google added.

Global deployment? The tech giant said the process would take time and require close collaboration with the developer community, but added that it looked forward to exploring this further and making it available to users one day. whole world.

India Survey: Google is under investigation by India’s Competition Commission (ICC) into whether its charging system for Play Store developers is “unfair and discriminatory”.


Ensure existing loans comply with new rules by November 30, RBI tells digital lenders

RBI Agencies

To enable a smooth transition to the new digital lending guidelines, the Reserve Bank of India said on Friday that all entities under it have until November 30 to ensure that all existing digital loans comply with the new rules.

Catch up fast: Last month, the central bank released new digital lending rules for banks and non-bank lenders that have digital lending apps, to subject those services to stricter oversight.

According to the rules, the disbursement of loans and the collection of repayments must be executed only between the borrowers and the entities it regulates, without any third party being involved in this process.

The regulations are based on recommendations from a task force set up by RBI last year to assess governance issues and consumer complaints about digital lending platforms offering fast loans, which have surged during the pandemic.

Many are accused of charging usurious interest rates, employing heavy-handed collection strategies and even operating illegally.

What’s new: Apart from setting the November 30 deadline on Friday, the RBI reiterated that it is the duty of banks and non-bank lenders to ensure that their outsourcing partners adhere to the rules.

He also advised all banks and non-banks that all instructions in the Digital Lending Circular would apply to existing customers with new loans and to new customers.


Beware of Zomato, Swiggy restaurant programs, restaurant body tells members

Swiggy and Zomato are now looking to expand their logistics services to merchants_THUMB IMAGE_ETTECH

The National Restaurant Association of India (NRAI) issued a notice to its members on Friday, asking them to exercise caution and good judgment before choosing to participate in the new restaurant schemes of food delivery companies.

Why? The NRAI said in its memo that the two restoration programs had more or less the same construction. Restaurants must offer a mandatory 15-40% discount — entirely at their expense — to participate, and must also pay a mandatory 4-12% commission on every transaction made through Zomato or Swiggy, he said.

He said the programs deliver no tangible value to restaurants, solve no problems for the industry, and benefit Swiggy and Zomato at the expense of restaurants.

After “squeezing out the last drop of revenue from the delivery industry,” food delivery companies want to get a “solid footing” in the restaurant business, the NRAI added.

Catch up fast: The two food delivery majors are piloting on-site dining programs – Zomato Pay and Swiggy Diner – in Hyderabad, offering discounts of up to 25% to customers who pay their restaurant bills through their apps.

Zomato replies: Zomato said in a statement, “With our new catering product, which has now been living in Hyderabad for a few weeks with excellent results, we are confident that we will create tremendous value and growth for the industry. We look forward to working with progressive restaurants that see the big picture.”

Swiggy did not immediately respond to our questions.

CCI probe: In April, India’s anti-monopoly watchdog ordered an investigation into Zomato and Swiggy for allegedly unfair pricing practices and other issues flagged in an NRAI complaint last year.


SoftBank plans staff cuts of at least 20% at Vision Fund

Soft Bank

SoftBank Group plans to cut at least 20% of staff from its loss-making Vision Fund following public promises by founder and CEO Masayoshi Son to cut staff at the world’s largest tech investor, Bloomberg reported, citing people familiar with the case.

At least 100 jobs: They will cut a minimum of 100 positions and could announce the job cuts as early as this month, the sources said.

The cuts will mainly affect operations in the UK, US and China, which have the highest workforces, they added. The Vision Fund unit has approximately 500 employees, including Latin American fund staff.

Catch up fast: Son said in August he had plans for widespread cost-cutting at his conglomerate and investment arm Vision Fund after a record $23 billion loss. Most of the losses came from a fall in the valuations of portfolio companies, including Coupang and DoorDash. SoftBank also reported a $6 billion foreign exchange loss due to yen weakness.


Summary of ETtech offers

startup_funding_THUMB IMAGE_ETTECH_11

Earlysalary pocketed $110 million in one week, which saw fewer and smaller deals than the previous one. MyMuse and Human Edge were two startups that raised over $1 million.

Here is a list of all the startups that raised funds this week.

Deals Digest_Graphic_August 29-September 2_2022_ETTEC

Today’s ETtech Top 5 newsletter was curated by Zaheer Merchant in Mumbai and Judy Franko in Bangalore. Graphics and illustrations by Rahul Awasthi.

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6 ways to raise funds immediately for an emergency https://free-portal.ro/6-ways-to-raise-funds-immediately-for-an-emergency/ Wed, 31 Aug 2022 08:45:00 +0000 https://free-portal.ro/6-ways-to-raise-funds-immediately-for-an-emergency/ If you need money fast, you may be wondering how to get it. There are several ways to raise funds quickly, depending on your situation. In this article, we will discuss six methods to get the funds you need right away. Keep in mind that some of these options involve borrowing money, so be sure […]]]>

If you need money fast, you may be wondering how to get it. There are several ways to raise funds quickly, depending on your situation. In this article, we will discuss six methods to get the funds you need right away. Keep in mind that some of these options involve borrowing money, so be sure to read the terms and conditions carefully and understand what you are signing up for.

Personal loan

A personal loan is an option for getting quick cash. You can apply for a personal loan via banks and financial institutions, or even through online lenders. Personal loan terms and conditions vary, so be sure to shop around and compare offers before deciding. The application process is usually quick and you can get loan approval within days. The downside to personal loans is that they often come with high interest rates, so be sure to shop around and compare rates before taking out a loan. It’s also a good option if you have bad credit, as personal loans are often easier to get than other types of loans.

Loan on property

It is a loan secured by your property, whether it is your house, land or commercial building. You can usually borrow up to 70% of the property value, and interest rates are relatively low. The downside is that you are putting your property at risk if you cannot repay the loan. This type of loan is ideal for people who have a lot of equity in their property and can afford to make the payments.

Short term business loan

This is a loan specifically for businesses, and it is generally of a shorter duration than a traditional business loan. Interest rates are usually higher, but you can get the money quickly and without as much paperwork. When you’re in a bind and need cash fast, a short-term business loan can be the perfect solution. These loans are generally designed for businesses that need to borrow a relatively small amount of money for a short period. There are several types of short-term business loans, so it’s important to do your research before applying. Try to find a loan with low interest rates and flexible repayment terms.

gold loan

A gold loan is another option for getting quick cash. You can use your gold jewelry as collateral to take out a loan, and the interest rates are usually quite low. The downside is that you’re putting your gold at risk, so if you can’t repay the loan, you risk losing your jewelry. Gold loans are best for people who have a lot of equity in their gold and can afford to make the payments. You can also sell your gold jewelry to get the money you need.

Sell ​​something

If you have something valuable that you can sell, such as a car, boat, or jewelry, this is another option for raising money quickly. You can usually get a fair price for your item by selling it through a classified ad or online auction site. The downside is that you won’t have the item once you sell it. This option is best if you have something you can part with and don’t mind not having it anymore. You can also try selling items you no longer use, such as clothing, furniture, or electronics.

Ask your friends or family for help

If you’re in a bind and need some quick cash, your friends or family may be willing to help. They can lend you money without interest or give you a low interest loan. The downside is that you might feel uncomfortable asking for the money, and it could strain your relationship if you can’t repay the loan. This option is best if you are sure you can repay the loan and you don’t mind putting your relationship at risk.

These are just a few of the options available to you if you need cash fast. Be sure to shop around and compare offers before deciding. And be sure to read the terms and conditions carefully so you understand what you are signing up for. With a little research, you should be able to find the perfect solution for your needs. Be sure to weigh the pros and cons of each option before making a decision. And remember, if you’re ever in a bind, there are always people who are ready to help you. Don’t be afraid to ask for help when you need it.


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How the Joy of Instant Loans Can Get Ugly https://free-portal.ro/how-the-joy-of-instant-loans-can-get-ugly/ Sat, 27 Aug 2022 06:00:00 +0000 https://free-portal.ro/how-the-joy-of-instant-loans-can-get-ugly/ mini Loan sharks peaked in the aftermath of the Covid-19 pandemic, which ravaged businesses and put millions out of work around the world. They attack digital ecosystems by promising quick cash to those running from pillar to pillar for a new job or to earn quick cash to meet expenses. A 55-year-old bank employee in […]]]>

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Loan sharks peaked in the aftermath of the Covid-19 pandemic, which ravaged businesses and put millions out of work around the world. They attack digital ecosystems by promising quick cash to those running from pillar to pillar for a new job or to earn quick cash to meet expenses.

A 55-year-old bank employee in Bangalore committed suicide on July 29. Nanda Kumar left a note where he listed at least 40 mobile apps and detailed the harassment he faced from their representatives, according to the police.

In mid-April, *Ranvijay Srivastava, 28, was found unconscious in his company park in Lucknow with clefts in his wrist. He was lucky to be saved in time. Earlier this year, Telangana witnessed the sixth incident of suicide due to alleged harassment by digital money lending apps.

Loan sharks peaked in the aftermath of the COVID-19 pandemic, which has ravaged businesses and put millions out of work. They attack digital ecosystems by promising quick cash to those running from pillar to pillar for a new job or to earn quick cash to meet expenses.

Google said Thursday, August 25, that it had removed more than 2,000 loaner apps from the Indian Play Store since January this year for violating terms, misrepresenting information and questionable offline behavior.

The Chinese Enigma

Telangana Police raided offices and call centers in Hyderabad, Bengaluru, Pune and Gurugram in December 2021, from where hundreds of staff called customers. One of the 14 arrested was a Chinese national suspected of being behind 11 of these fake fast loan apps.

“The RBI has failed to sanction the illicit trade in fast loan apps, which are coordinated by major cyber criminals based outside India, especially in China, with the backing of their Indian agents,” Triveni Singh said. , SP, Cyber ​​Crime, UP. CNBC-TV18.com.

He also revealed that the union is mainly based in China. While most of these fake loan apps are operated by the Chinese, the Indians mostly work on commission only as loan collectors.

These apps send out hundreds of promotional text messages, emails and social media posts daily, offering instant loans without having to leave home. Indian agents use Telegram and WhatsApp to contact their targets and ask them to download the company’s app for verification.

The program recovers phone data as soon as it is downloaded, including contacts, social media and photos.

Personal Data Arming

When most apps are loaded on your phone, they require access to storage, contacts, camera, and microphone. It is almost impossible to determine which applications use this information and how. But having unrestricted access to data can provide an advantage to loan sharks or fake apps if a borrower defaults.

When deadlines are not met, defaulting debtors find themselves without a safety net due to exorbitant interest rates (in some situations interest rates can reach 60-100%) and constant harassment. In many circumstances, loan collectors will turn to public libel to recover their funds.

Constant phone calls, publishing defaulter information and sending threatening emails and messages are all part of the recovery process, Prof Singh said.

The curious case of re-emerging applications

To protect borrowers from “deceptive and abusive terms”, Google has blacklisted hundreds of such apps from its Android store worldwide. Authorities in China, Indonesia and Kenya have followed suit, shutting down many businesses that promised quick cash to the unbanked.

But digital lending is proving to be a tough market to tame with a huge footprint, said Rahul Sasi, who runs cybersecurity firm CloudSEK.

Sasi, one of the experts who made recommendations to the Reserve Bank of India (RBI) regarding digital lending apps, said the RBI panel is aware that apps that are blocked by platforms like Google circumvent the restrictions. by switching to third-party platforms or using text. messaging for advertising.

The RBI has recommended the establishment of a self-regulatory body (SRO) covering participants in the digital lending ecosystem.

It’s time to get to know

“Most of these apps are illegal. According to the law, a loan company must be a bank or a non-bank financial company (NBFC) and must be registered with the RBI to be able to lend or be licensed as a money lender under the laws on state moneylenders. said Rakshit Tandon, cybersecurity expert and cybersecurity consultant with Internet and Mobile Association of India (IAMAI).

These loan sharks are now profiting from social media marketing. They track Google ad searches to exploit the unmet need for credit and target vulnerable borrowers.

“The Indian Cybercrime Coordination Center (I4C) has become aware of this situation and is constantly talking with Google to keep track of them. And to continue targeting these fake apps on their Play Store,” Tandon said.

Most instant cash loan apps intimidate buyers with a downgraded credit score into taking out another loan to pay off the first one.

And so begins the vicious circle of “ever-greening”.

“I took out a quick loan of Rs 3,500 but had to pay Rs 12,000 in interest on it. I lost my father to a heart attack after they kept calling him and threatening him with dire consequences for my mother and me,” *Ankush Natani said.

There must be a tougher crackdown on these loan sharks, Natani said, or we will continue to lose people to harassment and humiliation at the hands of instant loan app companies.

(*Names have been changed to protect the identities of cyber fraud victims)

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