Hey guys!
Cryptocurrencies are changing the world by erasing payment barriers which dividing countries. Alphaycrpt is creating an open environment of payment which is transparent and solid.
Reason why:
The traditional banking industry established more than 600 years ago and is not able to solve the outstanding credit gap! Both are responsible- banks and small businesses. The banks are responsible for cherry picking and mostly working with less risky and larger businesses due to low risk tolerance of traditional finance industry. As there are so many legacy solutions in the banking industry, mostly inflexible and standardized terms are used. It is very costly for banks to serve each individual customer. Thus banks are trying to maximize their income from each individual business case by working on larger business cases.
Also the abundance of local banks where a fellow banker would be familiar with a local business is a thing of the past. Only in the US individual banks have been reduced by two-thirds in the last 30 years. Such decline of individual banks can be explained by centralization that brings more internal regulations and centralized processes. This fact makes it harder for banks to serve small, local companies. Good financial management is rarely a core strength of a small business. Actually accessing external finance is often named as the poorest area of expertise. The industry that has taken the challenge to solve the problem. It is often referred to as ‘alternative finance’. As the name itself suggests, alternative finance is when someone borrows money or sells equity, choosing an option to go a non-traditional, noninstitutional route.Alternative finance is an umbrella term for various financing options such as peer to-peer lending, crowdfunding, balance-sheet lending, invoice trading, supply chain finance, reverse factoring, merchant loans, VAT financing,etc. No single institution, company, or regulator covers all business spheres in alternative finance.
If you are interested in our project, visit us at:
https://www.alphacrypt.io
