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
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
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
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
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
#IOUeconomy #financialinclusion #sustainability #SMEs #SocEnt
What #technology stands behind #Sikoba?
Our approach focuses on usability, meaning that users do not necessarily need to know about private key management, as practical account recovery methods are available.
#Finance #blockchain #IOUeconomy #financialinclusion #sustainability
Our approach focuses on usability, meaning that users do not necessarily need to know about private key management, as practical account recovery methods are available.
#Finance #blockchain #IOUeconomy #financialinclusion #sustainability
Here is our latest #update!
We are now focusing entirely on the launch of the #Sikoba mainnet. Updates will be published ad hoc, instead of on a monthly basis.
#sikobaPay #SKO #IOUeconomy #Financial_App #FinTech #blockchain
https://link.medium.com/p2vAyAJXEfb
We are now focusing entirely on the launch of the #Sikoba mainnet. Updates will be published ad hoc, instead of on a monthly basis.
#sikobaPay #SKO #IOUeconomy #Financial_App #FinTech #blockchain
https://link.medium.com/p2vAyAJXEfb
Medium
Sikoba — Update #27
TLDR: focusing on mainnet launch
What does the term #InformalEconomy mean? Do you know?
The informal economy also referred to as #GreyEconomy, is that part of the economy which is not governed by the state or any authority.
#Sikoba #Finance #blockchain #IOUeconomy #financialinclusion #sustainability #SocEnt
The informal economy also referred to as #GreyEconomy, is that part of the economy which is not governed by the state or any authority.
#Sikoba #Finance #blockchain #IOUeconomy #financialinclusion #sustainability #SocEnt
What does the term #informalcredit mean? Do you know?
Informal credit means #transacting using promises of a future #payment or of a future offsetting transaction. This method has been used in #business for thousands of years, and remains an important means of financing and transacting for a large part of the world.
#sikoba #Finance #blockchain #IOUeconomy #financialinclusion #sustainability #SocEnt
Informal credit means #transacting using promises of a future #payment or of a future offsetting transaction. This method has been used in #business for thousands of years, and remains an important means of financing and transacting for a large part of the world.
#sikoba #Finance #blockchain #IOUeconomy #financialinclusion #sustainability #SocEnt
What are the advantages of introducing a #communitycurrency? Do you know?
#Sikoba #Finance #blockchain #IOUeconomy #financialinclusion #sustainability #SocEnt #LocalCurrency #ComplementaryCurrency
#Sikoba #Finance #blockchain #IOUeconomy #financialinclusion #sustainability #SocEnt #LocalCurrency #ComplementaryCurrency
Can #blockchain and #DLT play a role in Community Currencies? What do you think?
#Sikoba #Finance #FinTech #IOUeconomy #financialinclusion #sustainability #SocEnt #LocalCurrency #ComplementaryCurrency
#Sikoba #Finance #FinTech #IOUeconomy #financialinclusion #sustainability #SocEnt #LocalCurrency #ComplementaryCurrency
Is your community's access to #cash and #banking limited? #sikobaPay can help you do more #business together!
#reduceMoneyDependency #iouEconomy #unbanked #boostLocalEcomonies #financialInclusion #socent #tech4good #socialenterprise
https://youtu.be/ZvkGNWAUu84
#reduceMoneyDependency #iouEconomy #unbanked #boostLocalEcomonies #financialInclusion #socent #tech4good #socialenterprise
https://youtu.be/ZvkGNWAUu84
YouTube
Using Sikoba to Reduce Money Dependency
Maria and Abi are business owners in the same community. By granting each other credit lines and using IOUs, they can reduce the amount of cash they need to transact with each other.
For more information: https://www.sikoba.com
For more information: https://www.sikoba.com
#SikobaPay IOUs can help #entrepreneurs start their #business and make sales, especially in underbanked and #unbanked #communities.
#reduceMoneyDependency #iouEconomy #boostLocalEcomonies #financialInclusion #socent #tech4good
https://youtu.be/a6U0YeNJfJU
#reduceMoneyDependency #iouEconomy #boostLocalEcomonies #financialInclusion #socent #tech4good
https://youtu.be/a6U0YeNJfJU
YouTube
Using IOUs Without Mutual Trust
Lee is a well known and member of the community. Tara has just started her business.
Although they do not trust each other equally, they can still both use Sikoba IOUs to reduce their dependency on money.
For more information: https://www.sikoba.com
Although they do not trust each other equally, they can still both use Sikoba IOUs to reduce their dependency on money.
For more information: https://www.sikoba.com
Credit conversion allows #SikobaPay users who do not know or trust each other to transact using #IOUs through trusted intermediaries. The most important rule is that users will only ever have credit exposure to those they have expressly chosen to #trust.
https://youtu.be/AQkar143isw
#socent #reduceMoneyDependency #iouEconomy #tech4good
https://youtu.be/AQkar143isw
#socent #reduceMoneyDependency #iouEconomy #tech4good
YouTube
Credit Conversion
Credit conversion allows Sikoba users who do not know or trust each other transact using IOUs through trusted intermediaries.
Sikoba’s basic and most important rule is that a user will only ever have credit exposure to those they have expressly chosen to…
Sikoba’s basic and most important rule is that a user will only ever have credit exposure to those they have expressly chosen to…
Sikoba’s fuzzy clearing mechanism enables tallying & offsetting of debts and credits on a rapid and ongoing basis. As a result, #money is only needed to repay residual balances rather than the full financial value of all trade. Therefore, much less money is needed for the same volume of trade.
https://youtu.be/DR8NyJl1Sjg
#reduceMoneyDependency #iouEconomy #unbanked #boostLocalEcomonies #financialInclusion #socent #tech4good #socialenterprise
https://youtu.be/DR8NyJl1Sjg
#reduceMoneyDependency #iouEconomy #unbanked #boostLocalEcomonies #financialInclusion #socent #tech4good #socialenterprise
YouTube
Clearing - Disappearing Debts
Clearing — the same tallying and offsetting of debts and credits that was historically done at village fairs and trade fairs — but on a more rapid and ongoing basis. The result is that money is only needed to repay residual balances rather than the full financial…
Have a look at our November/December update, in which we share the details of our Peruvian partnership, the latest updates on #SikobaPay app development, and our future plans.
https://bit.ly/3qrozIx
#Sikoba #iouEconomy #boostLocalEcomonies #financialInclusion #socent #tech4good
https://bit.ly/3qrozIx
#Sikoba #iouEconomy #boostLocalEcomonies #financialInclusion #socent #tech4good
Medium
Sikoba — Update #29
In November/December, we have been working on the ground in Lima to strengthen our ties with our Peruvian partners.
We’re happy to announce that the BekiPay app is officially live!
In cooperation with #Sikoba, De Kär launched an electronic version of the Beki - BekiPay, available for both Android & IOS devices.
https://www.facebook.com/AgricultureLU/videos/649056746278338/
#iouEconomy #boostLocalEcomonies #financialInclusion #socent #tech4good
In cooperation with #Sikoba, De Kär launched an electronic version of the Beki - BekiPay, available for both Android & IOS devices.
https://www.facebook.com/AgricultureLU/videos/649056746278338/
#iouEconomy #boostLocalEcomonies #financialInclusion #socent #tech4good
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