The Kora network platform

Kora came up with strategies to help people with financial issues. The Kora network is a financial service platform that helps people who have trouble with opening new accounts. Some of the issues that people face when opening accounts are distance, documentation issues, and the lack of trust. Now, there is one single platform introduced to overcome all these problems. It is none other than the Kora platform. This platform puts together technology and finance. The Kora platform could be accessed by SMS/USSD on feature phones. Internet via a mobile app also allows accessing the Kora platform. With assistance from this Kora platform, people can access the global economy.
Here come few reasons as to why it is best that you connect with the Kora platform. Well let us see-: when you open a bank account, there is a whole lot of trouble that you will have to undergo. For instance- you will have to spend a large amount of money to get started with a bank account. You have to undergo a huge cost because banks need money for property fees, staff headcount, and IT infrastructure. Travelling is another issue. Other issues such as trust and valid identification make it hard to run a personal bank account. The Kora network comes into assistance here under blockchain technology. They are ready to help people through new technologies like mobile banking. They are also ready to help people who have limited financial literacy. Many people get into trouble by taking loans with interest rates that cannot be paid. Blockchain technologies eradicate such issues. Values can be stored, transferred across borders at enormous scales, and low cost. The requirements to access blockchain technology is to have a Smartphone, and access to the Internet.

The Kora platform as an ecosystem
The Kora platform aims to create self-sustaining, community-owned ecosystems. EFiat, digital versions of national currencies increases the ease of use. They offer immense benefits of digital currency. Kora gives users access to financial services. Agents will serve as cash points that convert between eFiat and physical cash for commissions. Businesses will serve as merchants who accept eFiat as payment methods. Existing communities are to be addressed through Kora to help them with financial assistance. They would be identified as Community Value Networks (CVNs).
The Kora will provide a Smartphone as well as a web-based application. The Kora runs on a simple on-boarding process. The Kora builds on Ethermint. The Kora Network token is referred to as “Kora Network Token” or “KNT.” Here is why Kora is the best. People of poor economy find it hard to send money from countries like London to low-income countries. The easy way is to get Kora. Kora is easy to get along with data subscriptions, pay bills, and get done with other third-party services such as energy, education, micro insurance and other services.
The Kora settles cash payments in agricultural activities. Agricultural supply and raw materials are received from local farmers, but these farmers do not get paid until after three to four weeks. Thus, they need to hold stable bank accounts. Kora makes it easy for farmers to receive their payments.

Eradicating poverty for millions of people is the aim of Kora. The Kora project will also foster prosperity among these people. Finally, empowerment will be solved, and wealth will be distributed among economically unstable regions of the world.

The Team

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