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How can the unbanked get access to credit system ?
A deeper look into #creditcoin shows how it aims to resolve this problem.
1/ The Problem
Millions of people worldwide are unable to obtain credit or loan approvals from the traditional banking system.
Without access to a reliable credit system, consumers can’t build credit history or finance the opportunities they need to achieve prosperity.
1/
Therefore, the vicious cycle of poverty in the developing world continues.
2/ The Solution
Creditcoin address the lack of credit system among the unbanked in the emerging market.
People who cannot access the banking system have to borrow from non-banks.
credit records with non-banks are not accepted by the banks since they cannot trust the data.
2/ How is this problem solved ?
The project aims to solve the problem by recording credit transaction history objectively on a public blockchain.
Helping the unbanked build credit.
So, what’s the solution ?
2/
A decentralized global credit system, immutable in record, and with secure borderless cross-currency transactions.
This will connect borrowers to the capital they need to grow and prosper.
3/ The Creditcoin Ecosystem
The Creditcoin Ecosystem connects:
-Investors
-lenders and
-Borrowers
They are connected to a borderless inter-blockchain lending market.
Building the trust and opportunity required to empower emerging markets with credit.
Because everyone deserves credit $CT’s has created a platform where even the unbanked can benefit.
I found this idea very interesting and work sharing
Let me know if you found this thread helpful.
What's your opinion on #Creditcoin ?
What did I miss?
Would you like to know how to mine $ctc ?
Follow me @2xnmore for more 🧵 's like this. And follow @creditcoin for more updates.