A microfinance service has always become one of the most important services for many people life, especially those who lives in small and developing countries. However, there are only few of people have easy access to this service. And, this is what L-Pesa project is all about.
What is L-Pesa Project?
L-Pesa project is basically a loan service project, where they provide loan for small business or individual. This project has been running for years in Africa, and successfully helps many people to get out from their financial and business problem. And, this time, their team is using Blockchain technology to create smart contract loan project. With this system, more people will be able to access the loan. So, the goal to help everyone from all over the world will be achieved.
This is actually a good concept. The Blockchain technology has been growing stronger these years. And, there is no doubt, that this technology will become important factor that affect many aspects in our life in the future. So, by using this technology as its base, L-Pesa project will have better possibilities to grow into bigger service, plus it also can help more people like what its mission.
The Advantages of L-Pesa Project
The Blockchain technology allows the process in acquiring loan finished much faster and safer. L-Pesa also creates unique automatic system, which will be able to do the auto approval for loan application. However, there is also some of application that needs to be approved manually. And, this is where the professional team from L-Pesa project will take a part.
The safer benefits also are the main reason why we think that this project will be success in the future. With Blockchain technology, there will be low chance that your data can be manipulated by some party. This technology is the community-based technology. That means all activities in this environment will be monitored and controlled by not only one party, but a community. This community-based concept is also good thing, because it can support the project to grow even bigger, when more people join it.
Token
Just like other Blockchain based project, L-Pesa also use tokens. You can buy it to get the tokens that you can use for many things in this service. The tokens will be released on the ICO event. The amount of tokens that you can purchase on this event is 2.6 billion tokens, which use the Ethereum/E20 as its platform. The ICO event will be divided into three parts, which are Pre-Sale (March 18th), Start of Public Sale (April 10th) and End of Public Sale (May 10th). Once the ICO event is closed, the tokens will be automatically activated.
Conclusion
L-Pesa project can be said as a chance for anyone who wants to invest and help people in Africa and other countries in the world. The teams that create this project have tested this project for 2 years and succeed. So, we can say that there are big possibilities that this project will also be succeeding in the future, especially when the Blockchain environment has been stabilized.
More detail about Kickcity project, please check this out:
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Author: CryptoSmile
ETH address: 0x0123a524a2d5A69d9E934750951a519dcB552E59