Previously, we looked at exactly how this could work, with an example of a very simple 100% reserve, bullion warehouse receipt-type system, hypothetically applied to Belize.

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The early CloudCar example runs on a very simple interface with options like Google Maps navigation, media playback and Google contacts on the left.

ENGADGET

Car hire is a very simple example.

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Sure, they were aggressive in their lending (up to 125% of property value for example) but the underlying business was really very simple.

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In either case, your question is an example of how something that seems simple can be very complicated.

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It's a very simple procedure but it was an example of their professionalism.

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