Profile: 29122de5...
ππ‘π πππ²πππ² ππ¨ππ§ ππ«ππ© & ππ¨π° ππ’πππ¨π’π§ π π’π±ππ¬ ππ π
Around the world, millions turn to payday loans when theyβre short on cash.
But what seems like a quick fix often becomes a trap thatβs hard to escape.
Hereβs how payday loans work, and why Bitcoin can help:
ππ‘ππ ππ«π π©ππ²πππ² π₯π¨ππ§π¬?
Payday loans are short-term, high-interest loans meant to help people until their next paycheck.
With interest rates skyrocketing to 300%-500% APR, these loans often do far more damage than relief, trapping borrowers in cycles of relentless debt.
ππ‘π ππ«ππ©:
Borrowers often struggle to repay the loan in full, leading to rollovers with additional fees. This creates a debt spiral thatβs nearly impossible to escape.
ππ‘π¨βπ¬ ππππππππ?
Payday loans disproportionately impact:
β’ Low-income individuals
β’ Those without access to traditional credit
β’ People facing emergencies
These loans often prey on those who need financial help the most, pushing them deeper into debt.
ππ‘π π«π¨π₯π π¨π ππ’πππ¨π’π§
Bitcoin is changing the game by offering a decentralized, permissionless financial system.
Instead of predatory practices, Bitcoin-backed loans provide:
β’ Low-cost loan alternatives
β’ No credit checks
β’ The ability to maintain your wealth
By using #Bitcoin as collateral, individuals excluded from the traditional banking system can access the funds they need without falling victim to predatory practices.
Bitcoin empowers individuals to break free from predatory financial systems, creating new opportunities for financial freedom. 
Debts can be a trap. Or a path to freedom. ποΈ
It all depends on how you use them.
Taking a loan to keep your #Bitcoin, while covering your expenses, can be your best financial planning in the long run.
While your collateral gains value, the debt essentially repays itself. 
When financial freedom calls, #Debifi answers βοΈ
Itβs our first official appearance in Brazil, and weβre excited to bring our product wherever itβs needed! π§π·π
Our journey has just begun.
Thank you very much @satsconf_ π
Nos vemos em breve!
nostr:note14gu0hvrxyavu63y8z8760e0h7dfxdv7a3s5tp9v46vpu2mdzvf5s08gyl4
Weekly offers to bring your projects to life π
Contact us for more information, we're here to help π§‘
debifi.com
π¨ Calling all Bitcoiners on Nostr! π¨
As #Bitcoin adoption grows and traditional institutions enter the space, itβs time for us to show them what our community truly stands for.
Your voice matters. We invite you to take part in our quick, anonymous survey to help shape solutions that stay true to Bitcoinβs principles.
No personal data will be collectedβthis is fully anonymous. We only ask about age and gender for demographic insights, but your privacy always comes first. No identifiable data will be collected.
Letβs build services for the community, with the community, while staying true to Bitcoinβs decentralized ethos.
π Share this with your fellow Bitcoiners, and together, we can create a future that reflects our shared values.
Link to the survey π
https://docs.google.com/forms/d/e/1FAIpQLSckQ6rrHzZUEa_1jnGhDSrnPnF5sfqevtAocRdIl-SZk_l9BQ/viewform
Scale up, make sure your Bitcoin is not played with, use #Debifi and keep your money safe in a 3/4 multisig
Ever wondered how #Bitcoin's supply has changed over time compared to the rest of the world?
Check out this brilliant visualisation by nostr:npub1ath4je07y7py74nvu044fum3f8hz3exc3dtcv782qg94w5gaddusl74k6d below π
Is over-collateralized institutional peer-to-peer lending with multisig the future of #Bitcoin? π€
Experts from Swiss TradFi are saying yes!
Dive into this crucial discussion on institutional lending by
nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z, nostr:npub1qhx7lnggpv64f0wt5xyjj7h90qh5ewu35pspr66sj8alc4gvcfjqqn04l8 and @npub1797h37mc98f6363m5nysxd0t2swuz7nxq4z83saw77em3czld6xqvuar68 on the latest episode of The Investor's Podcast here π
Canβt wait to show you what weβve got lined up.
Weβve been working hard, and in just a few days, itβs all coming together.
Baltic Honeybadger on August 24-25 is going to be something special! π #BH2024
Last Week on #Debifi:
- Our CEO, nostr:npub1797h37mc98f6363m5nysxd0t2swuz7nxq4z83saw77em3czld6xqvuar68 , joined nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z for a cool podcast discussion on #Bitcoin. It's always a pleasure hearing their insightful dialogue.
Don't miss this episode where Max shares a piece of golden advice: "Buy Bitcoin, store it, forget itβyield is generated in four years."
π Listen here: https://youtu.be/0DJcXYs5dtE.
- We've officially published our first case study in collaboration with one of our first borrowers nostr:npub1hwmj92v64rm0rj7rtartccr7hldpnumrmq2zd285f8dy6u0jknxs2vsum6 ! This document details our innovative approach to revolutionizing Bitcoin lending. Itβs packed with insights and groundbreaking methods that you won't want to miss.
π Read the full case study here:
π½οΈ For a visual representation, watch our detailed video on the case study. It shows our concepts in action and provides a clearer understanding of our innovative solutions in #Bitcoin lending.
Watch the video here:
π https://youtu.be/JLmAjz96SSc.
- Also, take a moment to check out our latest statistics! Weβve made significant strides this month, and we're excited to share our progress with you.
Stay tuned for more updates and developments from #Debifi!
Last week on Debifi!
Our Beta is open with loan offers ready for you! Check our stats π
Ready to try it out? Register here: https://debifi.com
