People don't want to wait for several years of that moment when they can save up the sum necessary to them for acquisitions of expensive equipment, clothes or a car, not to mention the purchase an apartment, they want to receive everything here and now. Of course, in cases involving purchase real estate or a family car, possible to speak about the rationality of such help. However, the credits very often undertake under the influence of momentary desire, fashion, information from media and the desire to be no worse than others. Banks and other credit institutions use this opportunity, to profit from desires people, offering high-interest rates and a set of the hidden commissions for which it is necessary to pay.
But if several years ago the market for financial services was almost entirely controlled by the microfinance organizations and large banks, then with the emergence in our life of the blockchain technology the situation has changed. The technology has found its application in various fields, but the most common example of the use of this technology has become the financial sector. Therefore recently the set of various decentralized platforms, startups and online services providing financial services appears.
If the traditional credits represent an expensive and labor-intensive process for clients, then the decentralized crediting may increase the chances obtaining of loans for a population as a whole, reduce bureaucracy and make a revolution in this area. In a crypto-world, there was now a project which is ready to use this system of crediting - the project under name Swapy, which creates the decentral protocol with a set from three integrated applications aimed at providing of universal access to the credits. Let's consider these applications in more detail:
Thanks to a mission of support of universal access to the credits, the command constructed culture which envelops movement open source and decentralization.
Swapy Exchange Alpha v0.0.3 is available for downloading: https://www.swapy.network/download.
The alpha has been for the first time released in October 2017 and is in intensive development. Also, Private Alpha v0.0.1 Swapy Financial ID already available for download on Android. You can become one of the first users of Swapy Financial ID. For this purpose, you will need to ask access having filled the corresponding form: https://docs.google.com/forms/d/e/1FAIpQLSe3gX_ovruvGhdixpia0zK9S7OxMDR9AZGLp4bVB41Qm9Eulw/viewform.
After that you will be able to install the application from Google Play, using the following URL: https://play.google.com/apps/testing/com.swapyfinancialid
In conclusion, I want to mark out the reliable partners and the distinguished advisors helping with the development of Swapy Network.
Singularity University Ventures joins to the Swapy Network together with Tim Draper, Don Tapscott, and others to build a world of efficient credit markets.
Their approach helping startups to reach long-term stability based on three fundamental principles: Capital, Customers, and Connections. The benefits are countless and include, among others, guidance to raise capital from angels, VCs, foundations, and others; help developing pilots, field trials, and partnerships alongside with F1000 partners and impact organizations; connections to their global network of experts esteemed faculty, and industry leaders.
Partnership with the team at Havven, and also the integrate of their stablecoin network into the Swapy Network protocol will help to eliminate one of the most significant problems of transnational loans: the price fluctuation of their currencies. Havven, is built on the blockchain Ethereum, and as an open-source platform that believes in decentralization, Havven is a perfect match for the Swapy community.
Swapy Token (ERC20) is the cryptocurrency started for the Swapy.Network project which purpose is providing universal access to the credits. Swapy Token allows creating a financial ecosystem around the offered services, providing access to the network by token owners. All services offered Swapy Network use Swapy Token as official currency for access to these services.
Pre-sale started on 19 March 2018, if you are interested in participation Swapy Token Sale, necessary to be registered for KYC.
It is the link to the contribution guide: https://s3.us-east-2.amazonaws.com/swapynetwork/SwapyNetwork_TokenSale_ContributionGuide.pdf
Learn more about Swapy Network:
Website: https://www.swapy.network/
Whitepapper: https://s3.us-east-2.amazonaws.com/swapynetwork/SwapyNetwork_TokenSale_Whitepaper-EN-US.pdf
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Twitter - https://twitter.com/swapynetwork
Facebook - https://www.facebook.com/Swapynow/
Telegram - https://telegram.me/swapynetwork
Bountyhive: https://bountyhive.io/join/Swapy%20Network
My bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1286131
Bountyhive: SofaSh
