MoneyGold is a community of people providing each other financial help on the principle of gratuitousness, reciprocity and benevolence. We use BITCOIN infrastructure in our transactions. It is the best possible way to organize smooth transfers between participants from different countries. This combination of MoneyGold and BITCOIN is an ideas of fair and free financial system which makes possible for us to establish significant changes in modern world.
Banks are supposed to be a source of financial help for their depositors, but in today's world that rarely happens. Without perfect credit and a large income, banks hardly give you any credit offer.
In the conventional banking system, a person can only withdraw the amount of money in their own bank account. You have $500 in the bank. You can't simply take out $600 from the bank, even though the bank has David $2,000 and Albert $3,000 which would cover You withdrawal amount.
But you can take out a loan. The bank can loan out up to many times all the funds deposited, and the bank profits from the interest.
If the bank can take David, Albert, and more of its clients' money and give it to You as a loan, why can't You simply ask David or Albert for financial aid?
Yes, You can ask... but David and Albert will likely say no, even if they know Your (because You can't guarantee that you pay the money back when they needs it).
That's what MoneyGold is for.
With MoneyGold, if David helps You with $500 You doesn't have to promise to pay David back.
Because on MoneyGold, whenever you provide help to someone today you have the Community Request that you can rely on them. The same happens whenever you need financial help in the future.
So anytime David needs financial help after he helped You, he can request it and the system will assign a financial helper to David.
It could be You, or Albert, or any of the millions of MoneyGold community members.
MoneyGold is not a bank or a company that take deposits. MoneyGold is simply a platform where participants can exchange financial help.
So if you provide help to someone else, whenever you need financial help millions of MoneyGold community members will offer you the help you need, with no requirement for you to pay it back.