Fiat Credit Can’t Cut It

International students, from developing nations in particular, who study in the US face difficulties obtaining credit — that is too often vital for them to afford basic living expenses.

That is based on co-founder of SelfScore, an Indian student and Kalpesh Kapadia. SelfScore is a startup that uses »a different set 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 get a social security number, and I found it was impossible for her to obtain an SS number on day one, » Kapadia explains in an interview with Tech In Asia. « You must have a job. »

Not only a project or social security: the lack of a credit report caused them to pay the deposit on an apartment, a $500 USD deposit on a smartphone and be refused even the essential everyday tool in the US — a carcan you legally open a bitcoin casino bitcoin casino software for sale now|SelfScore} manages negotiations and audits with credit institutions while using more common sense standards to give pupils the money they need|SelfScore handles audits and negotiations while using common sense standards to give students|While using common sense standards to give pupils selfScore manages negotiations and audits with credit institutions|While using more common sense standards to give students selfScore now manages audits and negotiations with credit institutions}.

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

Bitcoin: Solution 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 providers are more than capable of providing an all-in-one solution — although the issue starts when funds are in another country.

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

Bitcoin can be freely sent from anywhere to anywhere. A debit card that is bitcoin can be purchased by A student in the US without any kind of financial buoyancy checks.

If a student had no access to funds to pay for the card, a meetup in person to exchange cash for BTC via LocalBitcoins would solve this liquidity issue.

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

With such a number of debit card options available regardless of a person’s country of residence, the freedom the cardholder feels because of the flexibility they like and the safety of their information can mitigates even the downsides such as chargesbitcoin casino with faucet how to use bitcoin at online casino do you think about Bitcoin’s capacity to help pupils become more independent abroad? Have you had experience of it yourself? Tell us your thoughts in the comments below.

Images courtesy of Shutterstock, The Country.