Small businesses often face difficulties and closure due to lack of access to easy credit and cash flow issues. Traditional banking fails to solve this problem because banks tend to lend to less risky and relatively bigger businesses in order to ensure safety of funds. Small businesses rarely have good financial management and are considered a risky investment for centralised banks.
Debitum Network is a borderless, small business financing network that seeks to solve this problem. It attempts to do so by creating a decentralised network that connects investors worldwide with under-banked small business directly. It allows easy access of funds and bridges the worldwide credit gap. It not only hosts borrowers and investors, but also hosts service providers involved in several steps of the banking process such as risk assessment, insurance and debt collection.Useful DYOR Information
Today’s Date : September 17, 2018
CoinMarketCap URL : https://coinmarketcap.com/currencies/debitum-network/
Coin Name : Debitum (DEB)
Total Supply : 400,000,000 DEB
Circulating Supply : 194,445,716 DEB
Market Cap : $3,974,795 USD
Pre Ico Price : USD 0.1000
Ico Price : 1 DEB = 0.13 USD (0.00015385 ETH)
Tokens/Money Raised Through ICO : USD 6.80 M / 6000 ETH raised
Time Zone : UTC+02:00
White Paper : https://crowdsale.debitum.network/whitepaper
Token Type : ERC223
There is a mismatch between available capital and local businesses. Debitum solves this problem by launching its platform globally and effectively moving capital from developed countries to developing countries, where there is already a lack of trust in centralised banks. It uses cryptocurrencies which helps in dismissin...