Bloom Token Exposes Relationships With Credit Agencies

Bloom Token Misleads Users, Claims False Functionality

Token Serves as Marketing Tool for Consumer Data

Bloom users rely on pre-verified data from bureaus and open banking APIs. However, Bloom's 8 million subscribers in the Cryptocurrency community should be aware that the token does not increase in price. The Bloom team has misled users about the token's functionality, using it primarily as a marketing tool for collecting consumer data.

Bloom users should not purchase the token with the expectation of financial gain. Despite claims to the contrary, Bloom does not allow organizations to participate in evaluating user identities or creditworthiness. Its primary purpose is to promote the company's data collection efforts.

The Bloom ICO was intended to raise funds for the company's operations. However, users should proceed with caution and not invest in Bloom with the expectation of a return on their investment. The company's deceptive marketing practices raise concerns about its legitimacy and the value of the Bloom token.