Bloom Price for today is $0.0445839725. Its current circulating supply is BLT 150,000,000 with a market cap of $2,391,605.
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Currently, Bloom (BLT) is trading at $0.0446 with BLT price 3.77% down today. The market cap of Bloom is USD 2,391,605 with 53,642,697 blt circulating currently. The 24-hour price movement chart indicates that $381 worth of BLT were trading. The price peaked to $0.0386 in the last 24 hours while the lowest price was $0.0328.
Bloom price prediction suggests that the BLT price is up for a long-term 2116.042996% in the BLT price value with a 5-year investment. This means that in 2023, the BLT price is forecasted to stand at $0.988.
Bloom is a programmable and standardized ecosystem to facilitate on-demand, safe, and global access to credit services. Bloom presents an innovative approach to credit risk assessment allowing both fiat and digital asset lenders to issue compliant loans on the blockchain, at the same time increasing competition to lower fees and improve borrower experience at every layer of the credit issuance process. The Bloom protocol increases the current credit ecosystem by creating an inclusive credit and globally portable profile, reducing the necessity for traditional banking infrastructure and proprietary credit scores. This means both fiat and digital asset lenders will be able to securely serve the 3 billion people who as of now, cannot obtain a bank account or credit score.
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Bloom decentralizes the credit industry while increasing security and lowering rates. Bloom makes it feasible for lenders to transition to the blockchain by offering a new, compliant ways for them to access new markets. CoinSwitch is an exchange for cryptocurrencies which aggregates over 300 different kinds of cryptocurrencies and alt-coins, including cryptocurrencies like Bitcoin, Ethereum, Neo, Bloom and Monero.
You can buy BLT from CoinSwitch, the largest cryptocurrency exchange enables the buying, selling and trade Bloom as well as facilitating BLT exchange in the most seamless manner. CoinSwitch has a simple Bloom converter which can be used to see the price of BLT as compared to fiat currencies, like USD, EUR, GBP etc. or other cryptocurrencies like BTC, NEO, Tether, etc.
CoinSwitch makes it easy to trade Bloom with transactions between the sender and the receiver made simple using the user-friendly UI which deposits the ether into the benefactor’s BLT coin wallet with a public address and a unique private key, which is never asked by CoinSwitch to be revealed.
Bloom is a standardized, programmable ecosystem to facilitate on-demand, secure, and global access to credit service and presents a novel approach to credit risk assessment allowing both traditional fiat lenders and digital asset lenders to issue compliant loans on the blockchain The Bloom protocol facilitates the efficient operation of the credit market by enabling both fiat and digital asset lenders to extend credit to individuals and organizations operating in markets with underdeveloped or immature credit infrastructure, national identities or banking systems, without taking on additional risk. The Bloom protocol provides solutions to enable any lender authorized by a borrower to safely and securely issue a credit to that borrower.
There are three main components of the Bloom protocol: BloomID- lets users establish a global and federated identity with independent third parties who vouch for their personal information publicly, legal status and creditworthiness, BloomScore- is a dynamic indicator of an individual’s likelihood to pay debts that adapts to the maturity of a user’s credit history and BloomIQ- is a system for reporting and tracking current and historical debt obligations that are tied to a user’s BloomID.
If you are new to crypto trading, it's always advisable to learn about, what is Bloom, it's benefits and indicative return on investment.