In this video, you will have a quick overview of how the SikobaPay app works 🔥🔥

You will discover the various features of the app including how to create an account, send a connection request, open a credit-line, make a payment & settle a debt. You will see how transacting through intermediaries works and how the system can clear your credits & debts automatically 🙌🙌

📝 https://youtu.be/YpT5DWupfMo 📝

#Sikoba #sikobaPay #SKO #SikobaWallet #SikobaDevelopment #Simplylearn #fintech #defi #IOUeconomy #blockchaintech #SMEs #SMEbusiness

#Sikoba is a tool that makes informal credit much more effective. In this infographic we have listed the advantages of using Sikoba, that might help people & #SMEs in developing countries to improve their day-to-day life without any external help. More info: http://sikoba.com #socent
https://bit.ly/2YiOJzr

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

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