CoinLoan search trends in Google
CoinLoan is an innovative project that combined traditional lending banking system and modern
cryptocurrency technology. Our team has studied the problems of interaction between the fiat and
virtual currencies. There is an invisible wall between them at first glance, which cannot be overcome.
Cryptocurrencies – Bitcoin, Ethereum and similar – are increasingly attracting attention due to their
rapid growth and stability. But a person often needs fiat money that is more convenient for settlements.
Selling virtual currency used to be the only affordable solution when there was a need for fiat money.
This led to a loss of possible revenue from further appreciation of cryptocurrency and additional
costs: financial, associated with fees on exchanges, and temporal – from the moment of cryptoasset
sale to the actual receipt of fiat money.
CoinLoan offers a different approach: our users will be able to receive real money in any available
currency secured by cryptoassets. The system will select t...
1.1 Story Behind
Cryptocurrency is a kind of virtual currency, issue and accounting of which are based on asymmetric
encryption and the use of various cryptographic protection methods. Such currency cannot be
counterfeited and has no equivalents in notes or coins.
Cryptocurrency is not regulated by financial institutions – its turnover is supported by a single
decentralized network consisting of many computers.
The idea of creating an independent digital currency for online settlements belongs to Timothy
May, a former electronic engineer at Intel. He suggested creating a new anonymous currency that
would suspend the state from participating in financial transactions and change the structure of large
May’s supporters have been trying to implement his idea for a long time, but the following questions
arose: what value new money should be assigned, how to estimate the labor cost of mining money,
and how to convince people of the real value of a virtual currency....
Now cryptocurrency can be used to make purchases in online stores, buy airline tickets, cars, real
estate, travel trips, and some companies offer discounts when paying with cryptocurrency. This list
expands every day.
1.3 Growth Outlook for Cryptocurrencies
Henry Brade, a Bitcoin expert, co-founder and CEO of Prasos, is sure of the further growth of the
cryptocurrency value, Bitcoin in particular. He carried out an analysis that revealed that Bitcoin
volatility has significantly decreased, and it has proved to be a stable financial vehicle over the past
The Bitcoin volatility chart (August 16, 2010 – September 8, 2017)
You can compare it with the Ethereum volatility chart (September 29, 2015 – September 9, 2017)
«Historically large price increases have always been preceded by a stable period and now we’ve
experienced the most stable period so far,» Brade says.
Another result of its research revealed that the economic situation in the world is losing stability.
He recalls that in 2008 the economy collapsed due to unsustainable debt structures but what many
people don’t understand is that debt has only increased since.
Statistical data show that keeping money in cryptocurrency, which is strongly correlated neither with
the stock market nor national currencies, is economically viable and reasonable.
Idea and Outlook
2.1 Idea Behind CoinLoan
Having carefully analyzed cryptocurrencies and their growth in relation to fiat money, we came to
the conclusion that this market lacks lending vehicles.
The most popular way to get a fiat currency for a cryptoasset is to sell the asset on the exchange.
This is economically unfeasible, since the value of cryptocurrency can significantly increase literally
within a week, after which the holder will lose an impressive amount.
The CoinLoan project offers an alternative. Using our system, a cryptocurrency holder can get a loan
in fiat money on the security of his/her cryptoasset. Before the end of the loan period, the security
deposit will remain in the protected CoinLoan system. Once the loan and the interest are paid within
the agreed period, the pledged asset will be returned to the borrower in full.
The CoinLoan platform will provide an opportunity to instantly issue virtual or plastic payment cards
supporting Apple Pay¹ and Samsung Pay².
A list of fiat currencies in which loans will be issued immediately after the release is defined:
Both lists will expand as the platform develops – we are going to cover all popular fiat and
Compared with traditional financial institutions that issue loans, CoinLoan has a number of
advantages. In the traditional collateral scheme, the lender is forced to do a huge amount of work in
order to secure the deal: maintain a credit center that verifies the borrower’s solvency, arrange the
collateral assessment, transfer and store the borrowers’ assets.
It may seem that the lender’s work should not be of interest to the borrower. However, one should
remember that all costs are included in the interest rate, which results in a rise in the loan price.
CoinLoan solves this problem. Our system guarant...
entity that has fiat funds to become a lender, and it assumes risks associated with the loan repayment.
A user who offers to lend funds sets the interest rate, amount of the loan and its term on his/her own,
and our system seeks the borrower in the database, who is interested in such terms.
2.2 CoinLoan Outlook in the Field of FinTech Technology
The CoinLoan project is part of the FinTech industry, which is rapidly developing globally.
As blockchain technologies develop, technological projects in the field of financial services are also
actively evolving. The FinTech industry is considered one of the most promising and demanded
Below are five traditional areas of financial services, where a significant amount of innovation occurs:
1. payments and money transfers;
2. borrowing and lending;
3. capital management;
The scale of investment in this area is worth noting. According to CBInsights in the Global Fintech
Report, global VC-backed Fintech startups raised $2,7 billion in 226 deals in the first quarter of
2017: Asian startups raised $826 million in 42 deals; European startups raised $667 million in 73
deals; American sponsors raised $1.1 billion in 90 deals.
According to the new global report of PwC Global FinTech Report 2017, the majority of global
financial companies are going to expand FinTech partnership, as 88% express concern that part of
their business is at risk due to technology projects.
This suggests that innovation in the field of finance is a relevant task.
The CoinLoan project will make its contribution to the FinTech global development. We implement a
platform to enable each cryptocurrency holder to keep his/her virtual assets and get loans on favorable
terms, if necessary.
This will be a new step in the development of the entire lending industry.
Generating the idea. Evaluating the market and development potential.
Launching the development.
Preparing for the ICO. Performing the Pre-sale.
Making the ICO. Expanding the team. Developing the company's legal structure. Submitting the documents to obtain necessary licenses.
Obtaining the payment licenses. Completion of developing the platform core. The official launch of the platform.
Developing mobile applications for iOS & Android.
Licensing and entering the Asian market.