This month, we have released the Sikoba web interface for public beta testing, made good progress on our blockchain layer, and started developing the BekiPay app. We also held a meetup on “Blockchain, zero-knowledge proofs and e-voting.”

https://medium.com/sikoba-network/sikoba-october-2020-update-485f0a3476c8

#Sikoba #sikobaPay #SKO #SikobaPlatform #cryptoandfinance #BekiPay #SpectacularMonth #financialinclusion

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

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

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

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

Check our explanation👆👆👆

#SikobaPay #IOUeconomy #SME #financialinclusion

Do you know what the term credit conversion means in #Sikoba’s Vocabulary?

Check our explanation below!

If you want to know more about the credit conversion feature of SikobaPay app, have a look at this video, it explains everything in detail: 👉 HERE 👈

#sikobaPay #SikobaApp #Learning_Sikoba #communityglossary #glossary_of_terms #creditconversion #wordoftheday

#Sikoba & Jala work together to build #decentralised, holistic solutions for financial inclusion and social impact.

Our system enables the development of credit communities, members of which will be eligible for loans with fair interest rates.

#sikobaPay #digitalidentity #digitalsignature #smebusiness #smesupport #upgradinglives #improving_living_conditions #elevatingcommunity

#Sikoba and Chelma Advisory Institute cooperate to #improve the lives of rural #women, by providing them with #education, skills training, and small loans to start or expand home-based businesses.

#sikobaPay #IOUeconomy #MoU #ruraldevelopment #ruralentrepreneurship #entrepreneur #Chelma #boostlocal #commerce #partnership

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

#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

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

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

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

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

#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

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

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

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