what is microcredit and how will the blochchain based system inter-link?

in #criptoccurency6 years ago (edited)

What is microcredit? In the near future we will have peer to peer loan platforms based on the blockchain system. Microcredit means microfinance that allows those who were excluded from access to credit to appear on the credit world. There are several positive aspects of these loans, but the main one is the reduction of poverty and the establishment of new business opportunities. The significant experience in this area is that of the Grameen bank founded by the Nobel Prize winner and economist Muhammad Yunus. This allowed the granting of loans to women from the poorest Bengali villages, thus allowing a virtuous circle that promoted the woman's ulo and expanded hopes for a prosperous future. And this because it marries with the system of cryptocurrencies and blockchain? Because it will allow millions of families to have a stronger local economy and free from central authorities to allow the creation of real microfinance banks in foreign currency. What do you think about it? And is it conceivable a banking development increasingly linked to blochchain technology? Appearance comments ....

Sort:  

Congratulations @inside4news! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Congratulations @inside4news! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 1 year!

Click here to view your Board

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @inside4news! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.27
TRX 0.13
JST 0.032
BTC 62875.98
ETH 2948.16
USDT 1.00
SBD 3.55