Kora.Network: LOW PRICE TRANSFERS AND STRESS-FREE TRANSPORTATION IN FINANCE SECTOR

The Kora network is a financial service platform that helps people who have trouble with opening new accounts.Some of the issues that people face when opening accounts are distance, documentation issues, and the lack of trust. Now, there is one single platform introduced to overcome all these problems. It is none other than the Kora platform. This platform puts together technology and finance. It aims to create a financial network among everyone involved in the financial sector and trading traders. In other words, it is a network of people, funds, and capital that aims to create financial systems for everyone. Every project built on the financial sector attracts everyone’s attention because every innovation in the world affects it directly or indirectly. With assistance from this Kora platform, people can access the global economy.

when it comes to few reasons as to why it is best that you connect with the Kora platform. Well let us see-: when you open a bank account, there is a whole lot of trouble that you will have to undergo. For instance- you will have to spend a large amount of money to get started with a bank account. You have to undergo a huge cost because banks need money for property fees, staff headcount, and IT infrastructure. Traveling is another issue. Other issues such as trust and valid identification make it hard to run a personal bank account. The Kora network comes into assistance here under blockchain technology. They are ready to help people through new technologies like mobile banking. They are also ready to help people who have limited financial literacy. Many people get into trouble by taking loans with interest rates that cannot be paid. Blockchain technologies eradicate such issues. Values can be stored, transferred across borders at enormous scales, and low cost. The requirements to access blockchain technology is to have a Smartphone, and access to the Internet.

The Kora platform as an ecosystem

The Kora platform aims to create self-sustaining, community-owned ecosystems. EFiat, digital versions of national currencies increases the ease of use.Kora gives users access to financial services. Agents will serve as cash points that convert between eFiat and physical cash for commissions. Businesses will serve as merchants who accept eFiat as payment methods. Existing communities are to be addressed through Kora to help them with financial assistance.

The Kora settles cash payments in agricultural activities. Agricultural supply and raw materials are received from local farmers, but these farmers do not get paid until after three to four weeks. Thus, they need to hold stable bank accounts. Kora makes it easy for farmers to receive their payments.

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