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 does the term local currency mean? Do you know?
#LocalCurrencies are currencies that circulate in a specific geographical area (e.g. a town, a city, an agglomeration). They work as complementary to an official, legal #currency. Accepted by local traders of all kinds, they give residents an incentive to shop locally and aim to promote #sustainabledevelopment.
#sikoba #financialinclusion
#LocalCurrencies are currencies that circulate in a specific geographical area (e.g. a town, a city, an agglomeration). They work as complementary to an official, legal #currency. Accepted by local traders of all kinds, they give residents an incentive to shop locally and aim to promote #sustainabledevelopment.
#sikoba #financialinclusion
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
Since April, the #Sikoba project has faced several challenges which have impacted our planned timeline. Nevertheless, we have completed the development of #BekiPay, established cooperation with “Proyecto Banco Mujer” in Peru & prepared the ground to make #SikobaPay #decentralised.
http://tiny.cc/h6ljuz
http://tiny.cc/h6ljuz
Medium
Sikoba — Update #28
Since our last update in April, the Sikoba project had to face several challenges which have impacted on our planned timeline. We were not…
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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