CryptoCurrency : Distributed Credit Chain advantages
Easy access to personal data — Users can access this information at any time without contacting credit agencies.
Improved security- Information stored in one place is not protected from hackers. A striking example is Equifax, which was hacked in 2017, and attackers unveiled social insurance numbers of all customers.
Favorable rates on loans — Integrating many financial organizations, the platform creates an environment based on competition, rather than collusion, which is customary in the traditional financial sector. Due to this, customers will choose companies offering favorable conditions, and centralized organizations will weaken their grip.
The official source for CryptoCurrency News, Discussion & Analysis.
Don’t forget to share the post if you love it !