Fiat Credit Can’t Cut It

International students, from developing countries in particular face difficulties obtaining credit — for them to afford basic living costs, which is all too vital.

That is according to an Indian student, Kalpesh Kapadia and co-founder of SelfScore. SelfScore is a startup that uses »a different pair of acceptance metrics » to provide credit cards to those who would otherwise be denied them due to various US requirements.

« I went to open a bank account for [my cousin] and receive a social security number, and I discovered it was impossible for her to obtain an SS number on day one, » Kapadia explains in an interview with Tech In Asia. « You should have a job. »

Not only a job or security: the lack of a credit report caused them to pay double the deposit on an apartment and be refused the essential tool from the US — a carbitcoin live casino no deposit bonus bitcoin casino with craps for us players now|SelfScore} manages negotiations and audits with credit institutions while using more common sense criteria to give pupils|SelfScore now handles audits and negotiations while using more common sense standards to give students|While using common sense criteria to give pupils selfScore handles negotiations and audits with credit institutions|While using common sense criteria to give pupils the money they want selfScore now manages audits and negotiations with credit institutions}.

If a pupil has the money to study the Kapadia motives, in the first place, they should surely make credit candidates.

Bitcoin: Option in Waiting

While the traditional hurdles of the legacy financial system are shown up as ridiculous by the international student example, the situation even for SelfScore’s 5000 applicants is still precarious and bitcoin mining vs casino.

Bitcoin debit cards and remittance services are more than capable of supplying an all-in-one solution — although the problem begins when funds are in a different country.

Why tangle with fiat options at all, when even SelfScore requires personal information and »public information from the pupils collected by the US Department of Homeland Security »?

Bitcoin can be freely sent from anywhere to anywhere. A debit card can be purchased by A student in the usa without any form of financial buoyancy checks.

Even if a student had no access to funds a meetup in person to exchange cash for BTC via LocalBitcoins would fix this particular liquidity issue.

Together with all the cards, even the demand for emergency money is catered for thanks to Bitcoin loans startups that are peer-to-peer, such as BTCJam and Credible Friends, which are currently becoming more prevalent in 2016.

With a variety of debit card options available regardless of one’s country of residence, even the downsides such as fees could be mitigated by the freedom the cardholder feels due to the security of their details and the flexibility they likeOneHash site do you consider Bitcoin’s potential to help students become more independent overseas? Have you had experience of it yourself? Let us know your thoughts.

Images courtesy of Shutterstock, The Country.