Debitum Network Goes Live at World Blockchain Forum
September 7, 2018 By: Steven Anderson
The World Blockchain Forum celebrates advancements in blockchain, one of the latest new technologies in mobile payments, every year. With that in mind, there’s no real surprise that Debitum Network’s big unveiling should be likewise celebrated, which it was during the recent event.
Debitum Network’s platform, now known as Abra 1.0, is set to arrive in 15 different countries by the end of 2019. It’s backed up by a portfolio of 500,000 Euros–roughly $579,673 US as of this writing–and it’s out to put its blockchain mechanisms to work to provide small businesses with easy access to short-term loans in values anywhere between 10,000 and one million euros. Meanwhile, those who aren’t in need of a loan, but rather are in need of a decent investment, can put in as little as 10 euros (the maximum is 10 million euros, so it covers all but the highest-wealth individuals), and get returns of anywhere between 10 and 15 percent.
A central dashboard allows investors to keep track of their overall investment, and the loans are paid off in standard fiat currency depending on the user’s location.
We’ve talked before about Debitum Network’s value for the small business, but the revelation about what the investor might get out of the deal is something a bit new. While the risk here will likely be a bit higher than most any other investment–that tends to be how it goes when it comes to higher-return investments. Anything that’s offering 10 to 15 percent is going to be attractive, especially when most savings accounts and even some certificate of deposit rates are still trading in the sub-whole-number range. The best CD rate on Bankrate right now is 3.1 percent for a five-year CD from First National Bank of America, and that means the 10 to 15 percent found on Debitum is going to be particularly attractive, whether you’re a crypto investor or just not particularly risk-averse.
Debitum Network is blowing away a lot of the investment competition, and at the same time delivering a terrific service for small businesses who desperately need liquid capital. This could indeed be something big, and to think it all started at the World Blockchain Forum.
See Original post here : https://paymentweek.com/2018-9-7-debitum-network-goes-live-world-blockchain-forum/