BlockchainFund ManagementPaymentSmart Contracts

WeTrust Launches Trusted Lending Circles Platform, Trustcoin Crowdsale

Collaborative savings and insurance platform WeTrust, an Ethereum blockchain platform aiming to bring financial inclusion to the masses, has announced the launch of its very first Trusted Lending Circles product. The blockchain-based reciprocal aid platform leverages smart contracts to allow anyone to create a Rotating Savings and Credit Association – ROSCA – with a group of trusted associates to help one another.

Trusted Lending Circles is the first of WeTrust products to be launched. It implements the concept of ROSCA on Ethereum blockchain to create a trustless, transparent, community or a closed user group oriented investment and reciprocal aid system. Trusted Lending Circles currently supports basic ROSCA, created amongst close friends and family. Other upcoming products and features include credit scores, large scale ROSCAs, trusted direct borrowing/lending and mutual insurance. With these blockchain-based products and features, WeTrust aims to provide alternative financial services to over 2 billion unbanked adults across the world.

 

READ MORE OF THE ARTICLE AT CHAIN-FINANCE.COM

Based near Windsor, England, Matthew Warner is an enthusiast for innovative, cutting edge technologies. He is a B.Eng. graduate in engineering with honors from the University of Warwick and also holds an PGCE in education degree. Matthew is a member of Mensa.
Free AllCoinsNews Email Updates
Get the latest cryptotoken market news and blockchain developments!
We respect your privacy.