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1  Alternate cryptocurrencies / Announcements (Altcoins) / [ANN][GMS] a Blockchain-Powered Financial Service Platform for Developing Nation on: January 19, 2018, 05:07:22 PM
GMS is a Blockchain-Powered Financial Service Platform that enables anyone to make instant worldwide privacy protected transactions and untraceable encrypted messaging transfers in decentralized peer-to-peer users’ network.  With settling times below 30 seconds, transaction costs of a few cents, and global support, the world’s markets are in the palm of your hand. Your private key is your bank account, with no censorship and surveillance. In our roadmap, GMCash will utilize for different sectors in banking and real estate market.
“Virtual currencies and their underlying technologies can provide faster and cheaper financial services, and can become a powerful tool for deepening financial inclusion in the developing world.” - Christine Lagarde, IMF Managing Director
“Blockchain technology is seen as the key innovation in this regard, allowing as it does values to be transferred cheaply and comparatively anonymously, while bypassing centralised authorities such as banks, card companies and clearing houses.” -  Jens Weidmann, Chairman of the Board of Directors for the Bank for International Settlements
 
Why Peer-to-Peer lending?
The peer-to-peer economy has revolutionized the way people do business, and the financial sector has seen some impressive advancement leveraging P2P applications. One of the most used such applications is micro-lending, or microcredit. Microloans are small loans that are issued by individuals rather than banks or credit unions. These loans can be issued by a single individual or aggregated across a number of individuals who each contribute a portion of the total amount.
The solution is given to people in developing countries, where traditional financing is not available, to help them start small businesses. Lenders receive interest on their loans and repayment of principal once the loan has matured. Because the credit of these borrowers may be quite low and the risk of default high, microloans command above market interest rates making them enticing for some investors.

Our roadmap


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Website: https://GMcash.io
Token Abbr.* GMS
Project Name: GMCash
Explorer: https://explorer.gmcash.io/richlist
Mail Address: support@gmcash.io
Reddit Link: https://www.reddit.com/user/gmcash/
Telegram Link: https://t.me/joinchat/AAAAAEwQSPhwkaC1Rr8sNg
Twitter: https://twitter.com/gmcashglobal
Our Github: https://github.com/victorteles/gmcash
Coin Explorer: https://github.com/victorteles/gmcashexplorer
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