CoinLoan is an innovative project that combined traditional lending banking system and modern cryptocurrency technology. Our team has studied the problems of interaction between the fiat and virtual currencies. There is an invisible wall between them at first glance, which cannot be overcome. Cryptocurrencies – Bitcoin, Ethereum and similar – are increasingly attracting attention due to their rapid growth and stability. But a person often needs fiat money that is more convenient for settlements.
Selling virtual currency used to be the only affordable solution when there was a need for fiat money. This led to a loss of possible revenue from further appreciation of cryptocurrency and additional costs: financial, associated with fees on exchanges, and temporal – from the moment of cryptoasset sale to the actual receipt of fiat money.