Farmer's Loan Made Easy With Crypto Currency
You won't believe this!!
The future of money lending will be P2P and it's easy to get money anytime. The development of a country depends on the agricultural produce and the farmers pave the way for growth of a country. Sometimes due to bad weather, there will be no rain or the crops wouldn't get the right amount of water. It becomes tough for the farmers to raise a loan faster and they have to go across all the hurdles.
Crypto-currencies alone can never succeed and there has to be a linking with fiat currencies. Peer to Peer lending is a great example of this concept. It uses the token to trade with BTC or ETH and in turn, used as a utility token. Most utility tokens have an increase in price because the demand is created when it’s used.
What if there is a unique system that helps them to get loan within minutes? Micro/small scale producers from all over the country want to make money from crops and they need money to buy crops. Farmers create wealth for others but in return they take nothing. Farmers feed the whole world but they go to work with hunger. A new platform from ETHICHUB solves all these problems instantly.
The money lender is also benefited here with lending his/her money to the top most interest rates. Agricultural crops depend on the season. One time there is a high price for cocoa and another time there is a good price for paddy. The season keeps changing and the prices also do change every 3-4 months. Once the money lender finds the right interest price, he or she can lend their money for safe transaction.
This can make micro loans and lending through Crypto currencies popular. In another few years, lots of farmers around the country would be benefitted.
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