Debitum Network is an interesting concept. It is a blockchain based SME financing company. Normally, Bank is the ultimate destination for the small business owner. With the help of blockchain technology, Debitum Network will reduce the dependency on Bank.
Leveraging Blockchain technology to secure and distribute fiat investments to the SME world.
Please check the Youtube video of Debitum Network below.
Debitum network won ICO pitch competition at d10e Gibraltar, the leading international conference in decentralization. Debitum network is a bridge among investors, borrowers, documents validators. It is also supposed to provide cross-border financing solution. Source:debitum.network
Hybrid Platform
Debitum network are processed through ethereum blockchain with the help of smart contracts. It is a hybrid platform. Fiat transactions occur in a blockchain environment.
How does it work:
- An individual person like you and me can contribute the Debitum Network and received a token DEB.
- Our money will be given to the borrowers with interest
- This is just like bank but in a blockchain environment
Currently, DEB crowdsale is going on. Only 400 million tokens are available.
source: debitum.network
There are hundred of ICO is introduced in each week. Research your ICO before investing.
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First Image Source: Debtum.Network
That seems the same idea as Salt.
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Yes. do you think this type idea can be successful?
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Yes, but the market will decide the winner in this specific niche.
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These are completely different ways of lending. SALT lends you FIAT based on your Bitcoin/Altcoins as collateral. Debitum Lends you fiat based on your business, production potential and many investors from around the world decide to extend loan based on a case by case basis. There is enough room for SALT and Debitum in this space easily.
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You have to check Fast Invest, they have a great team with already operating FinTech Business, more than 8500 daily users, 5 offices in Europe this year planning to expand to the USA. http://bit.ly/2DiZlTt
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You got a 1.39% upvote from @postpromoter courtesy of @steemero! Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
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Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://debitum.network/
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You got a 4.17% upvote from @bid4joy courtesy of @steemero!
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Hey, @steemero! Nice article. I upvoted you!
I would be grateful if you check mine!
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