I heard these unique words while discovering a project name KORA Network and they truly made me consider. Do you know that over 2.6 Billions adults all over the globe do not have a bank account? In addition to the reason that doesn't have the option to obtain the credit needed to realize their power, they don't have entree to the basic convinces which are normal for us, like receiving and sending internet transactions.

This is truly a serious issue and this major problem KORA Network is going to solve.

What is KORA Network?

They describe platform as an infrastructure for inclusive economical structure. While being focused particularly on frames the 3rd world nations, their target aims to offer whole the benefits of the present banking system to almost each and everyone on the Globe.

Does not digital currency already solve this issue?

This was the main query that arose from me. OK, BTC and Blockchain techs made life much simpler, but there remains a lot of disadvantages

Modern understanding of tech is needed

For instance, it is difficult to explain everybody that the block-chain deals are immutable and nobody will refund cash sent to the incorrect address or that they might lose entire their funds only by losing by a private key.

Accessibility

You'll need at least a Cell phone and a fine internet connection, which AVG African nations just cannot afford.

Instability and High Fees

In the starting, the low charges were the BTC's main feature, but now it moved into one of the main disadvantages. And this is the issue any digital Money faces in course of time. One more issue is the extremely unstable price of the digital money, which make it difficult to keep pays you cannot afford to lose or provide a loan in Crypto.

KORA Network's Solution

The main feature of KORA Network is that everybody will be capable to join, without any skill or knowledge of advanced block-chain tech. two achieves this, KORA Network's team is going to with service givers like mobile operators and local banks. KORA Network will apply a new money called eFiat, that will represent the consumer's national money. All eFiat will 100 percent backed by cash reserves.

KORA Network's goal is not to replace the presently working systems but no attract then and joint into a worldwide network. This project looks great and I think they're doing a smart job. Recently KORA Network ended the Presale stage and now getting ready for a public token (KNT) sale, which starts on the 2nd of April.

Founders / Advisors

Partners

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Kora Network: FinTech Community Systems