How Swapy Network Will Disrupt The Financial Services Industry

The Swapy Network has set an ambitious goal. They want to bring financial services to the unbanked around the world. There are about 2 billion adults around the world who don’t have access to traditional financial services. This is because traditional financial institutions don’t believe that individuals in the third world don’t have the same kind of value as consumers in developed countries. That means farmers, merchants, and individuals in developing nations simply don’t get the same level of access to credit and the global economy. And because of this, everyone is worse off. Swapy will ultimately disrupt the financial services industry through giving access to those in the third world.

Swapy Is Going To Markets Traditional Financial Institutions Have Ignored

Traditional financial institutions have long ignored regions like West Africa and South Asia. As a result, individuals living in these places find it much more difficult to send and receive money. Merchants and farmers living in these regions find it much more difficult to interact with the global economy. And as we all know, being shut off from trade makes it much more likely that your country will struggle to accumulate wealth. Swapy is going to the kinds of markets that have long been ignored by traditional financial players. By investing in the people living in developed countries, Swapy is giving them financial opportunities that simply weren’t available in years past.

Third World Entrants To The Global Economy Will Prefer Swapy To Traditional Financial Institutions

As time goes on, Swapy will help millions of individuals access financial infrastructure and interact with the global economy. These individuals will prefer Swapy’s network to those of traditional financial players. That means even if traditional financial players try to move into these third world markets, Swapy will have a first-mover advantage that will be extremely difficult to overcome.

As Underdeveloped Countries Move To Swapy, So Will Players In The Developed World

Swapy plans to begin its work by focusing on underdeveloped nations. But as the network grows in regions like West Africa and South Asia, Swapy will increasingly be used by those in the developed world. As individuals, merchants, and small business owners in the developed world begin using Swapy, traditional financial services will begin to see their businesses face disruption. Swapy will offer lower-cost credit and financial services to everyone, and legacy financial systems will be forced to lower their fees and increase accessibility in order to compete. Ultimately, this means that consumers around the world win.

By becoming the go-to financial services provider for individuals and small businesses in the third world, Swapy will disrupt the traditional financial services industry. Traditional financial services will be too slow to adapt, and they will still find it too expensive for them to bring their business model into the third world. That means Swapy has a unique opportunity to move into developed markets as the network grows. This will make it even more difficult for legacy financial institutions to compete. Swapy has already begun campaigns (https://bountyhive.io/join/Swapy%20Network) in order to increase awareness of the project.

Written by: liveheart
BountyHive ID: liveheart