Pledging gold has been a stigma in Indian society for a number of years, primarily due to non existence of regulated and controlled system of lending. Gold used to be sold or pledged only in very dire circumstances to money lenders who charged exorbitant rate of interest from people.
Now, things have changed dramatically with government introducing proper systems for pledging of gold to secure funds for different types of uses by people. Today, you can secure funds at reasonable and competitive prices from a number of financial and non financial institutions at highly competitive prices with fair valuation of your gold and almost instantly.
The lender, which can be a bank, a private financial institution or non banking financial institution, will not ask you the end use for the money that you take against the gold. It is only concerned with the interest that it gets out of the money that you have taken, and its security against those funds.
Gold loan scheme:
Today, you can find a number of advertisements from banks, private and government financial institutions and non banking financial institutions on the streets of your city advertising their gold loan scheme, conveniences like gold loan at door step, lowest gold interest rate, their gold loans highest rate per gram and gold loans for one gram of gold.
Some financial institutions have taken gold loan to another level by offering valuation of gold at the place of customer and providing gold loan within a very short period of time. Some lenders are allowing rebate on their interest rates if customers payoff their loan amounts in a specified period of time or even if they continue to pay their installments regularly to them.
Gold loan at doorstep:
While in the yesteryears, borrowers had to look for people who could lend them money for their emergencies, business purpose, and marriage requirements. But now, things have changed dramatically for the betterment of customers. Today, lenders are calling people to take loan against the gold lying in lockers and cupboards to carry out their plans and emergencies.
Today, you are not required to move out of your house to take a gold loan. Instead, financial institutions and institutions offering gold loans will send their people to value your gold and give you a loan on that gold at a certain percentage.
Gold loan for every gram of gold:
Unlike the yesteryears where money lender would determine the value of your gold as a rough estimate to his profit, now you get gold loans for 1 gram of gold that you have. Today, every gold loan company or banks have professional gold valuers who are trained in the skill of valuing gold in different forms and varieties. They have the gadgets and skill through which they can judge an almost accurate market value of your possession and offer you their best quote for business loan.
Rupeek is a five year old company offering a gold loan to Indian customers. They are good and different from many others because they are a financial technology company that is using latest and best technology in the process making the entire thing very genuine and accurate as compared to other gold loan companies.
For asset-heavy enterprises, a lack of connected supply chain..
Tokenization has turned out to be one of a couple of developing innovations to help with Visa security and PCI consistence.
security token offeringTokenization is an endeavor to alleviate the dangers characteristic in putting away card information.
Similarly that start to finish encryption secures information in travel, tokenization ensures information very still.
With information in travel is progressively focused by loathsome programmers (and standing out as truly newsworthy), it is not entirely obvious the way that information very still can be similarly inclined to robbery.As a procedure, tokenization replaces card information with a one of a kind "token" that goes about as a source of perspective pointer to that charge card information.
Utilizing this rationale, a Visa exchange sends this reference pointer token along the installment chain.
At the preparing end of the installment chain, the token is confirmed and the exchange handled, all without having uncovered any delicate cardholder information to the different systems along the installment chain.
Many of companies over the world are faced with a problem of funding.
In this article, we will consider Initial Coin Offering (ICO) investment scheme.
But instead of shares, investors or people who just want to support the project buy ICO coins (also known as altcoins) or tokens via Initial Public Offering (IPO).
So, to create your own coin, you have to develop own blockchain from scratch.
So, it takes much less time for a development team to build a token based on existing blockchain solution than to create one on their own.
We hope that we've managed to cover all questions related to 'what is initial coin offering' and 'cryptocurrency coin vs token'.
