Innovative Microfinancing On Pre-existing Infrastructure

1. Microfinancing Needs Modified Financial Infrastructure AssetStream.co

2. Microfinancing platforms are modifying the pre-existing infrastructure and molding it to suit everyone for the better - not only for the people who already had the upper hand but those who never had access to traditional banking in the first place. Join Microfinance Revolution AssetStream.co

3. What’s wrong with the pre-existing infrastructure? Centralized system All banks are part of a centralized banking system, which means that they follow the rules and restrictions placed by the Central bank of the country or union they are part of. Join Microfinance Revolution AssetStream.co

4. Physical offices and branches One of the most significant disadvantages of traditional banks is that at one point or another, customers will be required to visit an office or a branch. Join Microfinance Revolution AssetStream.co

5. Unbanked and underbanked A large percentage of the world’s population remains without access to financial services because they cannot meet the requirements and conditions placed by the central banking institution. Join Microfinance Revolution AssetStream.co

6. How can innovation contribute to the rapid development of microfinancing worldwide? Microfinancing is an innovation in the financial world in itself. Availability of microfinancing is boosted with the boom of Blockchain technology. Thanks to Blockchain, platforms like AssetStream can successfully surpass the boundaries set by centralized banking systems. They also reach all those underbanked and unbanked people, who did not have access to financial help before. Join Microfinance Revolution AssetStream.co

7. Features of AssetStream Microfinancing platform 1.Global and mobile The AssetStream platform can be accessed from anywhere in the world at any given time. This means that a borrower from the ASEAN region can connect with a lender from Europe for example. No traditional bank can provide this kind of global service. Blockchain-based platforms process agreements and transactions almost instantly - which is a hundred times less than the time traditional banks need. Join Microfinance Revolution AssetStream.co

8. 2. Security and light documentation Blockchain is the reason why microfinancing platforms like AssetStream are secure, as it allows borrowers and lenders to use smart contracts. Smart contracts are automatic, and only the parties involved can make changes to them. Join Microfinance Revolution AssetStream.co

9. Enters AssetStream... The benefits of microfinancing compared to traditional banking are undeniable. A great example of these benefits is the following situation: Two neighbors living in Manila, with very different backgrounds, decided to start a printing business together, so each of them had to take a loan for the initial capital. Benjie, an established entrepreneur with a long credit history, managed to secure the loan in no time, by turning to his bank. Join Microfinance Revolution AssetStream.co

10. Unfortunately, his neighbor Tala, who is a freelancer, has no credit history and the bank denies her credit application. She actually has a substantial monthly income, but all of her finances come in cash, so banking institutions deem her untrustworthy, as she has no credit history or bank account. She really wants to join Benjie in this new business, so her other option is a microfinancing platform like AssetStream. Join Microfinance Revolution AssetStream.co

11. What does AssetStream have to say about pre-existing infrastructure? AssetStream is one of the most innovative platforms out there because it builds on traditional financial services offered by banking institutions. Join Microfinance Revolution AssetStream.co

12. 1.7 Billion Adults Globally Need P2P Microfinancing 1AST = 0.01 USD Token Sale Starts May 27th Powered by Stellar High Yields With Controllable Risk On the Blockchain Join Now AssetStream.co