The vice president of business development of Nobitex said about the epidemic of cryptocurrency use in the world that 15% of countries in the world use cryptocurrency and Iran ranks 28th among countries in the world
According to the Iran digital economy annotation, at the 19th FinUp event, Vahid Shamekhi, the vice president of business development of Nobitex, said: 71% of crypto holders have high education. The top 15 countries that use cryptocurrency include developed and developing countries, and this number is not specific to a specific type of country. Iran ranks 28th in the use of cryptocurrency in the world.
Shamekhi said about the fundamental changes in this field: with the advent of blockchain, cryptocurrency and web 13, significant changes have occurred in this field.
Referring to the centralized and decentralized financial world, he added: A centralized financial world has emerged as opposed to a decentralized financial world that wants to create financial inclusion without intermediaries. The decentralized financial system has worried the activists of the centralized financial system. Decentralized financial system has grown better in 2015. In this type of system, the intermediaries for exchanges are very less and the concern of government and banking institutions is much more.
According to Shamekhi, it is expected that in the next few years we will have one billion crypto holders in the world. There are now 600 million crypto owners.
The vice president of business development of Nobitex continued: In Turkey, the growth of this field is high, and two out of every five Turkish people, or about 40%, own crypto, and Turkey ranks fourth in crypto in the world.
Referring to the importance of this area, Shamekhi said: Cryptocurrencies have become a new method for low-income people. Big brands in the world like Apple, Ferrari, Microsoft, etc. use cryptocurrency.
The situation of cryptocurrency in Iran
According to Shamekhi, the growth of Iranian users is higher than the average growth of the world, and the growth of female users is also high. The international growth of women’s activity is 35%, which is also increasing in Iran. In the past few years, more inclusive age groups are using cryptocurrency, and on the other hand, all provinces in the country are active in this field.
Referring to the widespread nature of cryptocurrency, he said: “The issue is much more widespread that an institution wants to have a negative attitude.” The presence of cryptocurrency in the country and the government’s positive approach system is the most beneficial for the government and the government, and then the people. As Türkiye has understood this very well. A centralized and decentralized financial system can have a very good result.
In the continuation of the event, Ahmad vatani, CEO of Vency, referring to the country’s financial arrears, said: Currently, the amount of the country’s financial arrears is 250 thousand billion tomans.
Vatani explained about lending based on digital currency: the function of lending based on digital currency is that the platform sits between the financial institution and the user so that the financial institution does not get involved in collateral.
He continued: The user provides the digital asset as collateral to the platform. That is, the platform is the user’s guarantor for providing loans.
Functions of the digital asset collateral platform
Vatani explained about the functions of the digital asset collateral platform: Collateral valuation is the first function; That is, the platform considers a certain criterion for the user’s property so that the calculations are done accordingly. The next thing is risk assessment. Proof of financial means is also a factor that decides the credit score for the loan.
Eliminating default, which is a problem for financial institutions, is also one of the functions of the digital platform. The platform can allow insurance companies to issue insurance based on value and risk with the services it provides. Compliance with rules and regulations, automation of processes, integration that can provide a new service to the end user.
He continued about the conditions of this type of loan: when applying for a loan, the collateral is higher than the loan amount, and if the guarantee decreases over time, the platform warns the user to provide more collateral. Otherwise, the entire deposit will be forfeited. Also, default can destroy any financial institution.
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