April 07, 2018

L-PESA kripton

L-PESA ; The Decentralized Microfinance model built on the latest technology for people

Introduction

The market is cruel and does not have emotion. Well, this may be true for the market but not for the consumers, as everything a consumer does involves a bit of emotion. Being an emotional entity in the market has its own advantages and disadvantages. What we need is always clear to us from the start, and we achieve it in any way possible. The biases, beliefs and intentions define the nature of the job we are going to do in our life. The banking and financial institution of the world have made it clear that they do not care about the consumers, but only their growth.

Reaching out to everyone and offering them services that everyone else gets is not their priority. The developing countries are at the bottom of the food chain, where they do not have access to the time and resources that developed countries have. The time has come for the redistribution of attention towards people who need it the most, and not the people who have the most.

The skewed policies of the government have to be changed, the alternative financial ecosystem has to be created, and a new world order of financial freedom has to be achieved. What do you think about it? Do you think it is possible to create solution for millions of people who are still unbanked?

Solution offered

LPESA is presenting a new microfinancing model which is based on the latest technology and serves each one of us equally. They are concerned about providing access to credit and other related micro financial services to the people of developing countries. They have designed the financing model based on the four pillars.

The first pillar is the Big Data, AI and Blockchain technology. Under this pillar exists the vast amount of data and analysis, which will help provide loans to the people who need it the most. Utilising the blockchain technology, the model will be secure, reliable and fast. The second pillar of the LPESA Microfinance model is the Alternative Credit Data, which is collected from various social media and other websites on the internet.

LPESA has developed proprietary credit scoring model based on the user’s behaviour. The third pillar fo the model is the mobile technology because in the recent years the mobile adoption has increased in the developing countries. Utilising the mobile technology to offer the banking service to the people is the most affordable path in the current market. Many companies are offering the services on the mobile to increase their subscriber base.

The fourth pillar of the model is biometric identity, which can help relieve the pressure from the government agencies and private companies to track the progress in the financial services. They believe in the automation, and 95% of their process is automated. LPESA is offering the alternative loan economy, which serves the people of third world countries.

ICO INFORMATION AND TEAM

1,350,000,000 LPK Tokens are available for the public sale which starts from the 18th April 2018 and continues for 30days. The Token Presale starts from 18th March 2018 and continues for 15 days, and total tokens reserved for the presale is 160,000,000. Funds collected from the ICO will be utilised for the development and marketing of the platform. The team is enthusiastic about the project and is ready to complete their mission.

Conclusion

The world revolves around the technology we create to solve the challenges concerning each one of us. But the solution does not reach to everyone in a fair manner, and there is always a room for improvement. Many international organisations like World Bank and WTO have declared that the total financial inclusion is the only way forward for the development of marginalised and resident of third world countries. There has to be solution for it. Total Financial inclusion remains a dream for many countries and this project is a step ahead in the direction of achieving the dream.

The world knows about the hardship and difficulty faced by the millions of people, who are still unbanked and remain unaware of financial services being offered to others. It is high time we put in our resources and brought everyone in the financial network. I think that this project is a good opportunity for people and government to take responsibility, and come together to achieve financial independence. What do you think about the project? Will it be able to achieve the goal?

About Token L-Pesa Kripton (LPK)