D E B I T U M
To Make Blockchain technology secure and distribute fiat investments to the SME world.
Debitum Solving a big problems the banking industry established more than 600 years ago is not able to solve .
:: The Problem ::
The estimated global credit gap exceeds $2 trillion. These credit constraints are most acute in low-income countries, where nearly half of small businesses cite lack of access to finance as a major barrier to growth.
This SME finance gap is often described as the “Missing Middle”: microfinance institutions provide capital for microenterprises with fewer than five employees and commercial banks or private equity firms serve large corporations and multinationals
In accordance with the World Bank’s review, approximately 70% of all micro, small and medium-sized enterprises in emerging markets lack access to credit. At the same time, the small and medium-sized businesses stratum is the most promising target audience for financiers. Among industry experts, small business finance is considered today as a globalissue worth addressing — formally registered small businesses account for more than half of the GDP in developed countries.
accounted by IFC, the World Bank organization:
:: Banks Can't solve the problem ::
The traditional banking industry established more than 600 years ago is not able to solve the outstanding credit gap? Both banks and small businesses are responsible.
The banks are responsible for cherry picking and mostly working with less risky and larger businesses due to low risk tolerance of traditional finance industry.
As there are so many legacy solutions in banking industry, mostly inflexible and standardized terms are used, it is very costly for banks to serve each individual customer.
Thus banks are trying to maximize their income (interest and fees) from each individual business case by working on larger business cases .
:: Debitum Have The Solution ::
Lending money is all about trust and its mechanical gears such as collateral, quantified reputation, and fear of punishment. Born in already well-established societies, we take the existing business trust culture for granted; we rarely doubt its basics and address the quantitative measurements of business friction costs. However, to solve global
credit gap – we should mostly operate in younger countries where business trust is not granted. Using trust based blockchain solution Debitum Network ensures needed trust for all counterparties, especially investors, to operate within the ecosystem.
To consider comparatively complex lender-borrower relations, let’s take a step back and see how Bitcoin and other cryptocurrencies may change and simplify retailerconsumer interactions.
To be able to conveniently pay in all stores, consumers go to the market of payment instruments where they have a narrow choice of VISA or Mastercard which are essentially the same.
Check More at : https://debitum.network/whitepaper
:: Debitum Token ::
The goal is to create fast growing, trusted, self-governed and global business financing ecosystem, Debitum Network, that is built around its members and employs single ecosystem’s cryptocurrency – Debitum token to pay for all the
services rendered. Only those having Debitum token will be able to purchase various services via Debitum Network.
Check more at : https://debitum.network/ico
Whitepaper : https://debitum.network/whitepaper
