Post
Topic
Board Tokens (Altcoins)
Re: [ANN][ACX] 🗺️🌍🌐 Access Network - Decentralizing Financial Inclusion 🌐🌍🗺️
by
Vindizzle
on 20/03/2018, 10:03:23 UTC
Who will set the interest on the amount that agent lend, will it be done automatically, same interest for everyone?

Atlas is charging 5% per month right now (compared to 8% for other providers in Ghana) but with the Access loan dapp, we will be able to connect investors and borrowers which will set their own terms.

5% is really affordable,and ok amount,that should deff help ACX to spread fast.

But if everyone can set thier own interest %,that means loan sharks could start using ACX.Or there will be some way to stop that from happening?