Crypto Isn’t Crashing The American Dream

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Opinion by: Dr. Scott Lehr

In the early 2000s, getting a loan in the United States without verifying your income or assets was possible. It was called a “no-doc” or “low-doc” loan. The aim was to help self-employed or contract workers, but it was widely abused. Today, lenders verify income, assets, debt and employment.

Whether the centralized fraternity likes it or not, the financial world is changing. What once required W-2 wage-and-tax forms, gatekeepers and credit files is now being rebuilt on transparency, autonomy and a blockchain…



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Crypto Isn’t Crashing The American Dream



Opinion by: Dr. Scott Lehr

In the early 2000s, getting a loan in the United States without verifying your income or assets was possible. It was called a “no-doc” or “low-doc” loan. The aim was to help self-employed or contract workers, but it was widely abused. Today, lenders verify income, assets, debt and employment.

Whether the centralized fraternity likes it or not, the financial world is changing. What once required W-2 wage-and-tax forms, gatekeepers and credit files is now being rebuilt on transparency, autonomy and a blockchain…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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