Goldfinch cryptocurrency loans without collateral

Goldfinch creates one of the DeFi destinations : collateral-free loans where cryptocurrencies from all over the world are available.
By decentralizing the process ( DeFi ) everyone can afford to be a lender not just banks .
Since its launch in December, the protocol has already raised $1 million in capital for thousands of borrowers in Mexico, Nigeria and Southeast Asia.

It's just getting off the ground and invites everyone who is interested to join (I already did)
Site
https://goldfinch.finance/
Discord
https://discord.com/invite/HVeaca3fN8
Twitter
https://twitter.com/goldfinch_fi
Medium
https://medium.com/goldfinch-fi
Whitepaper
https://goldfinch.finance/goldfinch_whitepaper.pdf
Github
https://github.com/goldfinch-eng

A little about why loans without collateral are important:

In one month the total loan amount is over $4,000,000,000 which is a lot more than a year ago when it was only $200,000,000 and even that increase in DeFi direction is woefully underestimated.
Today, in order to get a 1 Dollar debt, you have to have 1.5 Dollar worth of assets as collateral and because of these requirements to the borrower, the loan market is not growing as it should.
Abolishing these requirements in DeFi lending would be a huge opportunity to grow and lend to most people, as is the case today in Goldfinch project.

Making loans without collateral is only the first step.
The second step is to do it through a decentralized network that allows anyone to participate.
Goldfinch believes that this will lead to a whole new level of lending activity, which I completely agree with when spreading information about them.

The Goldfinch protocol has already been up and running since December with PayJoy credit companies in Mexico, QuickCheck in Nigeria and many others to be announced.

So far, they have collectively taken $1 million from the Goldfinch protocol and rolled it out to thousands of their end borrowers. And it's having an immediate impact. To give a few examples, the capital is being used to help people buy smartphones in Mexico, cover short-term expenses in Nigeria and buy equipment for business operations in Vietnam.

How the protocol works :
The protocol works by providing lines of credit to credit companies .
These companies use their lines of credit to get stabelcoins from the pool .
They then exchange them for fiat money and place them in their local markets .

In this way, the protocol ensures the utility of cryptocurrency and in particular its global access to capital while leaving the actual provision and servicing of loans to businesses that are best equipped to do so.
On the investor side, cryptocurrency holders can make deposits into the pool to earn income .
When the lending institutions return their interest back to the protocol it is immediately paid to all investors .

Funds that support Goldfinch :