2020 was very challenging but productive for us, nevertheless, we are still on track and looking forward to launching the Sikoba mainnet by the end of March.

https://medium.com/sikoba-network/sikoba-december-2020-update-43beba3a7f05

#Sikoba #sikobaPay #Sikoba_NewYear #SikobaFuture #Welcome2021 #IOUeconomy #Financial_Inclusion #SMEbusiness

Just a quick reminder about Sikoba’s Token Sale!

Head to https://tokens.sikoba.com/ to participate in our 1st round!

1st Round price of only $0.35 per token
Only 92,727 tokens available in this round

For more details check https://tokens.sikoba.com/ or drop us a line on tokens@sikoba.com.

❗️Don’t miss your chance, as we’ll increase token prices for the later rounds❗️

#Sikoba and #AquaAgro cooperate to develop an innovative financial app for farmer communities in Pakistan.

#sikobaPay #SKO #IOUeconomy #AI #artificialintellegence #Financial_App #IOUasMoney #Technology #Successful #farmersmarket #Agriculture #agricultureindustry

What does the term #mainnet mean? Do you know?

Mainnet is the term used to describe when a #blockchain protocol is fully developed and deployed, meaning that #cryptocurrency and other transactions are being broadcast, verified, and recorded on a distributed ledger.

#Sikoba #sikobaPay #Roadmap #SKO #investing #FinTech #Smart_Contract #IOUeconomy

#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

In January, we made progress on the #Sikoba blockchain, we also signed an MoU with Aqua Agro, a Pakistani #IoT company, to build the AgroPay #financial app for farmer communities.
https://bit.ly/2YH2uIy
#sikobaPay #SKO #IOUeconomy #AI #Financial_App

Many #MFIs are still paper-based and are burdened by high operational costs, which results in high interest rates. Sikoba’s IOU system helps MFIs reduce money-handling costs and admin overhead, thus resulting in higher profitability and lower interest rates for lenders.
https://bit.ly/3p7E99w

What does the term #DEFI mean? Do you know?

#Sikoba #IOU #Crypto_Glossary #wordoftheday #Decentralized #Finance #blockchain #technology

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

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

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

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

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

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

What are the advantages of introducing a #communitycurrency? Do you know?

#Sikoba #Finance #blockchain #IOUeconomy #financialinclusion #sustainability #SocEnt #LocalCurrency #ComplementaryCurrency