Introducing ROSCAs on the WeTrust platform
After months of hard work, we are pleased to announce we have launched an MVP of our first product offering, ROSCAs (Trusted Lending Circles), on the Ethereum mainnet.
Full Article: https://medium.com/wetrust-blog/wetrusts-first-product-is-live-on-the-mainnet-262c3bb5b0a0#.rd8yt7wy1
Sounds very interesting...
In case you wonder about the benefit, here's a quote from reddit:
the main benefit is ability to time shift the distribution of funds. say in the Trusted Lending Circle (ROSCA), you contribute $100 every month, for 12 months, along with 11 other people (12 people total). You can get access to $1200 in the first month, second month, etc... whereas you would need to save on your own for 12 months without this mechanism. In some groups, you would pay a fee to receive it earlier, say you would receive $1100 in the first month -- the remaining $100 goes to other participants. In essence a simple community savings group.