Krypton Platform
The development of things, but unacceptable to all people around the world, there are still some countries that have economic problems, especially in countries that are still under development. Credit services in some countries are also still difficult to formalize, some of these lending institutions require users to have certain requirements. Therefore, we created a platform, which we call microfinance L-Pesa.
What is L-PESA?
For over two years, the L-Pesa community has leveraged their human capital—skill, talent, and expertise—to bring microloans to everyone who wants to grow their business and trade their poverty for dreams come true.
Aim
Krypton is a crypto currency developed by microfinance L-Pesa. Imagine that you only need a phone to get a loan; this is what the L-Pesa micro finance wants to achieve with Krypton. This essentially makes it a peer-to-peer credit platform for crypto destined for Africa; the first of its kind.
L-Pesa is a financial service that has helped millions of people around the world by providing micro loans to help them start or expand their business. The company has been in existence for three years with more than 150,000 registered users.
L-Pesa was established with a vision to improve people's lives through effective access to credit and the provision of financial services. Ron Ezra Tuval, founder of L-Pesa, spent much of his career working in developing countries and admitted about a decade ago that the most effective way to improve people's lives is to provide access to credit and related financial services. Since the founding of L-Pesa, Ron has been specifically focused on achieving this vision. This is how to make the world a better place for everyone.L-Pesa began offering microfinance services in Tanzania in 2016 and has increased its service and geographical presence in volume improvement in pursuit of vision.
Problems and solutions
L-Pesa is not a charity. L-Pesa is a pure business. Businesses give us certain freedoms not owned by charity organizations. As a business, we must provide returns. In promoting microfinance, we must be very effective; the cost of making a loan of $ 1000 equals $ 100, and because operating costs, banks and financial institutions are limited in how low they can go. Blocking provides transparency and efficiency, and this drastically reduces operational costs, which makes small loans work.
We do this with fiat as an existing operation; blocking will allow us to expand our reach and reduce costs. The cost of financing the bank does not allow us to reach the bottom, which most people need. Expansion of activities based on expanding scope will enable us now to make services accessible to people who can not be served in banks or microcredit organizations, as they are recognized as "unprofitable"
Benefits
1. Blockchain technology provides transparency and efficiency, which drastically reduces operating costs, and also makes small, viable loans. Forward in the field of artificial intelligence opens up new opportunities for credit guarantees automatically, and new tools allow you to store large amounts of data.
2. A unique loan model developed based on the analysis of social networking clients combined with traditional and non-conventional credit data required for subsequent evaluation and underwriting loan decision making for clients.
3. Mobile financial services such as "L-Pesa" are available in many countries and support bank customers and residents with banking services. Based on the penetration of mobile phones (smart phones and conventional phones), cellular money services such as L-Pesa, tigo Pesa, and paytm have been overgrown and include L-Pesa.
4. The biometric identification system will lead to drastic cost reductions and setbacks to provide financial services without a physical branch network.
How does it work
The L-Pesa model is partly based on the trust ladder: the user starts with a minimal loan (usually $ 1.00) and gets a more significant loan through a small loan successfully repaid. Credit scores are influenced by other factors, such as completing an identity check. The whole process of getting an L-Pesa loan would look like this:
1. Users register an account with L-Pesa, often in response to posts on social networks or SMS messages. During L-Pesa, many new applications are of interest to us on the recommendation of existing users.
2. The user adds an identity document, such as a SIM or passport to an L-Pesa account.
3. L-Pesa employees perform automatic identity checks.
4. The user submits the initial application for the loan, usually at a local value equivalent to 1.00 US dollars. In many cases, this application is automatically approved.
5. All subsequent credit requests are treated in the same way: automation based on a user's credit score is the key to success and scale.
6. Once the loan is approved, real-time payments are made using cellular facilities such as M-pesa and tigo Pesa.
7. The user is given a payment schedule for the loan, which he will make regular payments. The repayment is also made using the transfer of money in motion. Payment due will affect the user's credit rating.
8. Customer support will be provided by the L-Pesa back-office team in Tanzania. User support is available in English and Swahili through social media, e-mail and phone channels.
Details of ICO
Token Name: Krypton
Ticker: LPK
Standard Token: ERC20 Token
Token price: 1 LPK = 0.02 USD
Hard Cap $ 52M
Token Supply: 2,600,000,000
Conclusion
Mobilization of support for microfinance programs in developing countries serves as an excellent tool for shaping, educating, and strengthening ideology and motivation.
L-Pesa will channel to a market supported by over 40% of the world's population: Africa, Indian subcontinent and Southeast Asia. Today, the population is over 3 billion people, and growing rapidly. L-PesA mobile solution based on mobile usage. In front of L-Pesa market significantly exceeds the credit worth of L-Pesa.
For more information visit:
Website:https://kriptonofafrica.com/
Whitepaper:https://kriptonofafrica.com/static/pdfs/L-Pesa%20ICO%20white%20paper%202018.pdf
Twitter:https://twitter.com/lpesaico
Facebook:https://web.facebook.com/lpesaico?_rdc=1&_rdr
Telegram:https://t.me/LpesaICO
Ann/thread:https://bitcointalk.org/index.php?topic=2885970.0
Medium:https://medium.com/@lpesaico
My profiel bitcointalk;https://bitcointalk.org/index.php?action=profile;u=1856275
Eth:0xF6BEC841b139F9Ab7Aa1826c518D3E1FBA785F36
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