🧵 Thread

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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.