Introduction:
L-Pesa is a decentralized system which involves a blockchain and consists of several smart-contracts in the perimeter of the block chain and its own crypto currency, And the platform is a system product created by a consortium of the most powerful, competent, and experienced logistic companies and organizations all over the world. And also blockchain and smart contracts serve as the way forward into the Industrial use, creating economies of scale and potentially aggregating supply. Top P2P lending companies to provide a revolutionary method of fund transactions between borrowers and lenders worldwide industry and more accessible, secure and economically sound for more participants in a direct peer-to-peer (P2P) ecosystem. https://kriptonofafrica.com/
Therefore, the L-Pesa Wallet would central to every interaction in the L-Pesa ecosystem, and also be secure storage and exchange platform for both cryptocurrencies and fiat currencies, enabling users to deposit, hold, send, and exchange supported cryptocurrencies and fiat. Merchants can freely choose and switch between different blockchain assets for payments. Users can convert from BTC, ETH, LPK and vice versa, utilise peer-to-peer transfers and exchanges.
What is L-Pesa
L-Pesa is the first loan service built in Africa and now expanding to the world and L-Pesa Microfinance is a fintech startup poised to take advantage of the fast-growing need for financial services in the developing world. And also L-Pesa is a financial technology platform providing new financial tools to consumers and small businesses in Africa and Asia.
Furthermore, the company has validated its operating model over the past 24 months and has built sophisticated technology, automating most of the operation.
L-Pesa has a strong focus on automation. 95% of the user acquisition and loan underwriting process is automated and therefore extremely scalable. The company has spent two years developing its customer-facing and back office systems using a team of seven software developers. The user experience is based on mobile and web interfaces, and marketing is primarily accomplished via social media and SMS.
Challenges of L-Pesa in market competition
Market problems Microfinance has a long history around the world and for centuries has filled an important need. In fact, various forms of microfinance had a major impact on economic development in Western Europe in the 18th and 19th centuries.
The L-Pesa solution
The idea for L-Pesa was incubated for a decade, and the business was
launched at the time four important market forces converged to allow for
rapid scaling.
Blockchain technology allows for faster, safer, and less expensive exchange of value. Blockchain technology has just started to revolutionize financial
services and will lead to enormous efficiencies over the next ten years – blockchain has been described as the internet of money and will do to financial services was the internet did for information and commerce.
L-Pesa has developed a unique, proprietary credit scoring model based on user behavior combined with traditional and alternative credit data.
L-Pesa’s available market will vastly exceed the lending capacity of L-Pesa
and all its competitors for the foreseeable future.
• A highly automated back office system which allows for almost complete automation of the tasks related to loan underwriting and loan servicing.
• Integration with mobile money service providers for efficient loan disbursement and collection of payments.
• A highly efficient loan origination process—fully online and almost completely automated.
• A proprietary credit scoring model which has been fine-tuned over the first 38,000 loans issued by L-Pesa to result in a loss ratio below 10%.
Summary, L-Pesa’s to create a platform whereby small businesses and start-ups by using the same digital marketing opportunities as large multinational corporations by creating a social media app using Blockchain technology And also to create a powerful and economical all in one solution that caters to diverse marketing needs, whilst maintaining simplicity and ease of use.
Secondly, the platform focuses primarily on bringing social media influencers, consultants, and managers, content creators, graphic designers, and more together to create cost-efficient advertising campaigns which promote brand awareness, increase organic business growth and encourage brand loyalty
More Information Connect to kripton
Website: https://kriptonofafrica.com/
ANN Thread: https://bitcointalk.org/index.php?topic=2885970.0
Whitepaper: https://kriptonofafrica.com/static/pdfs/L-Pesa%20ICO%20white%20paper%202018.pdf
Telegram: https://t.me/LpesaICO
Facebook: https://www.facebook.com/lpesaico
Twitter: https://twitter.com/lpesaico
Authorized By:
Bitcointalk Username: bright4mech
Bitcointalk Profile link:
https://bitcointalk.org/index.php?action=profile;u=1298523