Free Bitcoin: MICROMONEY .... Decentralized Open Source Credit & Big Data Bureau on the Blockchain

There are still more than 2 billion unbanked people in the world. These people are excluded from the local and global economy as they still use cash and don't have access to basic financial services. Taking out a loan is a great challenge for them as well unless they obtain a credit history. MicroMoney’s mission is to solve this problem.

What is Micomoney?

MicroMoney was established as a microfinance institution and has sharpened the business to become a decentralized Open Source Credit & Big Data Bureau on the Blockchain. Since 2015, we provide individuals and SMEs with short-term loans as the best solution for their financial needs. MicroMoney uses innovative risk scoring powered by artificial neural network. In the long-run, we are able to help 2 billion unbanked and underbanked people to build a multi-purpose digital identity, creditworthiness, and financial reputation. Without borders or intermediaries. Our goal is to bring these people to the new global decentralized crypto economy.

Market Overview

Emerging markets show interesting statistics: they have a high percentage of the unbanked and underbanked, and a high penetration of Internet and mobile services at the same time. Here are some examples of countries and regions demonstrating these trends:

Africa (population: 1.1 billion)
India (population: 1.3 billion)
China (population: 1.3 billion)
Pakistan (population: 193 million)
Southeast Asia (population: 800 million)

The Global Problem

As people worldwide lack access to basic financial services, they have limited capacity to overcome poverty and to increase their living standards. That implies a lack of access to both banking services (loans, mortgages, or bank accounts) and access to all other services and opportunities. No credit history means limited access to banking services, which means no loans and, no credit history… However, there is hope to break this vicious circle. There is a large percentage of unbanked individuals in the Asia-Pacific Region, which is now home to more than half of the world’s internet users, 54% of the world’s social media users, and 56% of all mobile social media users. This trend proves that although most Asian people may be unbanked, digital services and innovative solutions have improved people’s lives. And we are here to help bring all those millions of people to the new global crypto economy.

Our Solution

So we made an app, which gathers 10,000 parameters. We analyze this Big Data using our AI Neural Network Scoring and this is enough to obtain a loan approval decision in just 15 seconds. Now, to borrow money using our app is as easy as to order an Uber. Of course, we are always improving the system too. We realized that 90% of our customers take the first loan in their life. At the same time, we were overwhelmed by the idea: by providing money to people, we are not just helping to address daily needs. We are helping to create a digital financial identity, to build creditworthiness and reputation and to start their credit history.

Our Mission

Solving hunger and poverty by providing unbanked people with the access to financial services and a possibility to build their first credit history on a Blockchain.
Helping unbanked small entrepreneurs grow their businesses by offering them online loans.
Enabling banks, financial companies, einstitutions, and retail businesses worldwide to efficiently scale and serve customers, who previously had no access to their services.
Creating an extensive micro-financing ecosystem by providing our franchise to local partners.
Raising financial awareness among our clients by offering consulting services and educational materials.
Enabling Blockchain companies to efficiently scale their customer base by getting access to our open source Credit Bureau with millions of un(der)served people.
Bringing financially excluded people to the new global crypto economy.

Journey of Micromoney

Token Detail

AMM is a utility token. The token is an integral part of the MicroMoney ecosystem and can be used as an internal payment mean or to get access to MicroMoney’s services. The token model is built so that our clients will want to use it frequently, thereby creating higher demand for the token.