Algorand
$0.80839 3.03%
ALGO · 3w

The International Blockchain Monetary Reserve, an economic development agency, has launched ARCC.one, a crypto microfinance platform for financial inclusion built on the Algorand blockchain

Machine translation: The International Blockchain Monetary Reserve ([http://ibmr.io](http://ibmr.io)), an economic development agency, has launched [ARCC.one](https://ARCC.one), a crypto microfinance platform for financial inclusion built on the Algorand blockchain. IBMR provides support and new financial options when traditional microfinance and international remittance assistance are insufficient to overcome the global economic damage caused by the Covid-19 pandemic. [ARCC.one](https://ARCC.one) offers users a way to earn free cryptocurrency tokens in exchange for completing a socio-economic survey covering everyday topics such as personal finances, health, hygiene and public transport. The survey data is recorded anonymously and uploaded to a blockchain, providing a secure and verified real-time picture of the local socio-economic situation. The cryptocurrencies earned can then be invested and grown as 'micro-assets' through the asset management services available on the platform. Cryptocurrencies and their globalised network can take microfinance beyond microloans and remittances to direct and accessible wealth creation. [ARCC.one](https://ARCC.one) is a mobile web-optimized platform that includes a cryptocurrency wallet, digital identity system, loss-free lotto savings, asset management, and survey reward system. It will gradually be rolled out to other markets around the world. Sinjin David Jung, Managing Director of [IBMR.io](https://IBMR.io), said: "[ARCC.one](https://ARCC.one) is the first of its kind in the world. Sinjin David Jung, Managing Director of [IBMR.io](https://IBMR.io), said: "[ARCC.one](https://ARCC.one) has been working hand-in-hand with Algorand for two years on research, planning and software development. The best real-world use cases for cryptocurrencies are actually in the developing world, where access to global borderless finance can make an immediate difference to the lives of millions of people today. The [ARCC.one](https://ARCC.o...
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