September 21, 2017
Contact: Max Smetannikov, Irina Nazarova, MVG for MicroMoney, +1 646 205 7030, info(at)mvgmain(dot)com
In its mission of financial inclusion for over 2 billion of unbanked and underbanked people to the global financial system, MicroMoney, a global fintech blockchain company and lending services provider to the unbanked, sets Oct. 18 as the launch date for the AMM token swap valued at $30 million.
The crowdsale comes on the heels of ETH to AMM token swap valued at $0.93 million. MicroMoney’s token has a built-in audience of users. A thriving business in Myanmar, Cambodia, Thailand, Indonesia and Sri Lanka with 100,000 registered users and 40,000 issued loans projected EOY, MicroMoney aims to use the funds from the token distribution to add 25 million customers to MicroMoney family.
While making applicants prove their creditworthiness with endless paperwork, banks are not able to approve first loan applications for billions of people worldwide due to absence of credit history and records. MicroMoney breaks this vicious cycle by offering the unbanked an opportunity to obtain their first loan thanks to an intelligent scoring solution based on neural networks, Big Data and AI technologies. The opportunity comes in the form of MicroMoney’s mobile app. The only thing the company needs to evaluate borrowers’ creditworthiness is their smartphone’s data.
«This token distribution is not just about only business, it’s about social justice, about giving back and about leveling the playing field for millions of people who are systematically denied opportunity,» said Anton Dziatkovski, MicroMoney co-founder. «Participants of AMM token distribution are not just making MicroMoney’s services available to millions of the unbanked, they enable our customers to share their data with financial and retail companies, thus making them holders of their credit score, eligible to offerings from other banks and organizations, so they can finally be the rightful participants of the global economy.»
MicroMoney’s business model would have been impossible without verification tools implemented into the financial services environment by the worldwide growing adoption of blockchain.
“With stable position and experience in the crypto community, we are creating a blockchain-based credit score bureau, which will solve the inclusion…