Do you know what an IOU is?

Since IOUs are the essence of the SikobaPay app, we want to make sure you understand this definition fully.
There are tons of definitions throughout the internet, and here’s ours:
IOU = A promise of delayed payment.

#Sikoba #sikobaPay #SKO #IOUeconomy #IOUs #informalcredits #reduceMoneyDependency #financialinclusion #smebusiness #SME

We are thrilled to share that #Sikoba & #Horizen partnership has been featured by CoinMarketCap!

Read the complete announcement here 👉🏼 https://coinmarketcap.com/headlines/signals/sikoba-and-horizen-partner-to-bring-transparency-to-the-decentralized-credit-market-horizen/

#Sikoba #sikobaPay #SKO #reducepoverty #IOUeconomy #reduceMoneyDependency #financialinclusion

Did you miss our AMA session with Rob Viglione yesterday?

Get all the details about #Horizen & #Sikoba partnership, by watching this live recording available on YouTube🙂

https://youtu.be/i7ZvUSeohEk

#reducepoverty #IOUeconomy #reduceMoneyDependency #financialinclusion

Do you know what the term credit line means in #Sikoba's Vocabulary?

Check our explanation👆👆👆

#SikobaPay #IOUeconomy #SME #financialinclusion

What is the main purpose of #Sikoba? Do you know?

Sikoba allows #payments to be made without having #money (whether #fiat, #crypto or any other #assets) to begin with.

#SKO #IOUeconomy #SME #financialinclusion #SocEnt

Who can use #Sikoba? Do you know?

Sikoba can be used by individuals, #SMEs & local #communities setting up and managing their own micro-credit systems, similar to #local currencies that are in use globally.

#money #localcurrency #communitycurrency #sustainability #IOUeconomy #SocEnt #financialinclusion #fintech

Will #Sikoba replace the banking system?

Sikoba is not a bank replacement, it is designed to bring #credit trading back to people alongside bank money.

In Germany, until a few decades ago, promissory notes (“Wechsel”) were routinely used by #SMEs - until bank credit became easily accessible.

#SocEnt #financialinclusion #sustainability #IOUeconomy

Do I need to have a bank account or cash to get started?

No, you do not need a bank account or cash. You can simply download #SikobaPay, find other users whom you know or already do #business with, and start accepting their #credit.

#Sikoba #IOUeconomy #financialinclusion #SocEnt

How does the #SikobaPay determine user’s #creditworthiness?

Our users are strongly encouraged to grant #credit lines only to users (individuals & companies) they know and trust personally.

#Sikoba #IOUeconomy #financialinclusion #SMEs #sustainability #SocEnt

#Sikoba is targeted at small #business owners, traders & artisans who do not necessarily know about #crypto. Our users will be interested in the functionalities rather than in the #blockchain aspect.

#IOUeconomy #financialinclusion #sustainability #SMEs #SocEnt