Learning to Manage Money

« Back to Home

Creditcoin: What It Is, What It Does, And Why You Want It

Posted on

There are all kinds of cryptocurrency available right now. You might be wondering if it is worth the investment, or if some of them are total frauds. It is hard to know for sure without doing quite a bit of research. For example, there is a fairly new type of "currency" circulating and looking for buyers. It is called "Creditcoin." Here is more about the two kinds of "Creditcoin" being offered, what they do, and why you may want them.

Creditcoin, the Cryptocurrency

A British-based company has developed its own form of this cryptocurrency with the intentions of globalizing e-commerce and breaking down global restrictions and borders associated with global monetization. That is no small task, to be sure, considering the numerous banking restrictions the world over. Yet, cryptocurrency of this type may just be able to bypass global financial restrictions because there is no governing body that can monitor how the "currency" is used and where it is moved to once a transaction is completed. You may want to buy into this cryptocurrency because the company decided to limit the number of "coins" available for purchase. If you do a lot of business transactions on a global scale, you may find it much easier to pay or be paid in this cryptocurrency.

Creditcoin, the Credit-Building Company

This type of virtual currency helps consumers with not-so-hot credit build their credit up again. Imagine having terrible credit, and trying to do something to make it better. That was the whole premise to this company's financial plan. Consumers are able to buy "credit coins" that will provide positive use reports to their credit reporting agencies. As their credit is built up to a higher and better rating, consumers can sell the "credit coins" back to the company or to another consumer who needs help with his/her credit rating.

You may want to invest in this product if your credit is far from "good." You may even want to invest in it if your credit rating is only "fair." It helps accelerate the process towards better credit, which in turn helps you gain a credit card or two that you can use for purchases and finally gain really good credit again. Younger people with little to no credit history or people who just got out of a marriage via divorce may also find this product quite helpful. To learn more, visit their website.