Creditcoin is a blockchain providing a microfinancing platform for the unbanked. This allows individuals who do not have access to the banking system to borrow and lend across national borders. By using blockchain technology, it is possible to track which borrowers are reliably repaying their loan, so they will have to pay a lower interest rate. The CTC token is the native currency of the Creditcoin blockchain and is used to pay the interest rate.
It is becoming easier and esier for bank customers to borrow money. However, this does not apply to the unbanked, people who do not have access to a bank account. Creditcoin offers a solution for this on the blockchain by also tracking customers' credit history. According to their website, they are already working with several partners such as Jenfi and aella who provide liquidity for loans. However, the question arises how borrowers can use the Creditcoins. Indeed, they can exchange the creditcoin for other cryptocurrencies. But without a bank, it becomes difficult to convert the cryptocurrency into money.
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Creditcoin is aon its own,uses to validate transactions,and is.Creditcoin also supports.
Interesting facts about Creditcoin
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On the blockchain, the previous credit history becomes transparent.
The platform is focussing on the unbanked, who do not have access to thre traditionel babnking system.
Creditcoin provides a microfinancing platform.
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Creditcoin price and insights
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Market capitalization Very small
24 hour trading volume Very small
Market cap % of total Very small
# Discord members 29,957 2% of them are active
# Telegram members -
% of total supply circulating Very small
What’s the community like?
Community matters for projects like Creditcoin, because an active community drives the development of use cases for a blockchain project. The more people are active, the better to have healthy discussions and create something valuable.