Cripton platform

Table of contents:

1. Cripton platform
2. Goal
3. Problems and solutions
4. Benefits
5. How does it work
6. ICO Details
7. Conclusion

WebSitе

Kripton platform

The development of things, but not acceptable to all people around the world, there are still some countries that have economic problems, especially in countries that are still in development. Credit services in some of these countries are also still difficult to formalize, some of these lending institutions require users to have certain requirements. Therefore, we created a platform, which we called L-Pesa microfinance.

L-Pesa Microfinance is a digital platform that has brought blocking as a technology, so transactions that occur will certainly be more secure and transparent, which will allow users more comfortable using it. In this case, our Platform will improve people's lives through effective access to credit and the provision of financial services. This is how to make the world a better place for everyone. Our platform is also a new generation of start-up financial technologies, which will certainly be ready to take advantage of the financial services needs in developing countries quickly. The company has confirmed its operating model for the past 24 months and built modern technologies, automating most operations.

Goal

Krypton is a crypto currency developed by L-Pesa microfinance. Imagine that you only need a phone to get a loan; this is what L-Pesa microfinance intends to achieve with Krypton. This basically makes it a peer-to-peer credit platform for crypto intended for Africa; the first of its kind.

L-Pesa is a financial service that has helped millions of people around the world by providing microloans to help them kickstart or expand their business. The company has existed for three years with more than 150,000 registered users.

L-Pesa was founded with a vision to improve people's lives through effective access to credit and the provision of financial services. Ron Ezra Tuval, the founder of L-Pesa, spent most of his career working in developing countries and recognized about a decade ago that the most effective way of improving people's lives is by providing access to credit and related financial services. Since the founding of L-Pesa, Ron has been singularly focused on achieving this vision. This is how to make the world a better place for everyone. L-Pesa began offering microfinance services in Tanzania in 2016 and has grown its services and geographic presence in an increasing volume in the pursuit of vision.

Problems and solutions

L-Pesa is not charity. L-Pesa is pure business. Business gives us certain freedoms that charitable organizations do not have. As a business, we must provide a return. In promoting microfinance, we must be extremely effective; the cost makes a loan of $ 1000 the same as $ 100, and due to operating costs, banks and financial institutions are limited in how low they can go. Blochein provides transparency and efficiency, and this dramatically reduces operational costs, which makes small loans viable.

We did this with fiat as an existing operation; blocking will allow us to expand our coverage and reduce our costs. The cost of financing the bank does not allow us to reach the bottom, who most people need it. Expansion of activities based on the expansion of the sphere would allow us now to make services accessible to people who can not be served in banks or microcredit organizations, because they were recognized as "not profitable"

Benefits

1. The technology of blockchain provides transparency and efficiency, which drastically reduces operating costs, and also makes small viable lending. Forward in the field of artificial intelligence opens up new opportunities for automated underwriting of loans, and new tools allow you to store a huge amount of data.
2. A unique developed model of lending based on the analysis of social networking client combined with traditional and unconventional credit data necessary for subsequent evaluation and decision making underwriting loans for the client.
3. Mobile financial services, such as "L-Pesa" has become available in many countries and support both customers of banks and the population by banking services. Based on the penetration of mobile phones (smart phones and conventional phones), mobile money services such as L-Pesa, tigo Pesa, and paytm are already overgrown and included L-Pesa.
4. A biometric identifier system will lead to a drastic reduction in the cost and ability to provide financial services without a physical branch network.

How does it work

The L-Pesa model is partly based on trust ladder: users start with minimum loans (usually $ 1.00) and get more significant loans through small loans successfully repaid. The credit score is influenced by other factors, such as completing the identity check. The entire process of obtaining an L-Pesa loan will look like this:

1. The user registers an account with L-Pesa, often in response to a post in a social network or an SMS message. During L-Pesa, it is expected that many new applications have appealed to us on the recommendation of existing users.
2. The user adds identity documents, such as a driver's license or passport to an L-Pesa account.
3. Employees of L-Pesa carry out an automated identity check.
4. The user sends initial applications for a loan, usually at a local equivalent of 1.00 US dollars. In many cases, this application is automatically approved.
5. All subsequent requests for credit are treated in the same way: automation based on the user's credit score is the key to success and scale.
6. After the loan is approved, real-time payment is made using mobile facilities such as M-pesa and tigo Pesa.
7. The user is given a payment schedule for the loan, according to which he will make regular payments. Repayment is also carried out using mobile money transfers. Overdue payments will affect the credit rating of the user.
8. Customer support will be provided by the L-Pesa back-office team in Tanzania. User support is available in English and
9. Swahili through social media channels, e-mail and phone.

ICO Details

Token Name: Kripton
Ticker: LPK
Token standard: ERC20 Token
Token price: 1 LPK = 0.02 USD
Hard Cap $ 52M
Token Supply: 2,600,000,000

Conclusion

The mobilization of support for micro-loan programs in developing countries acts as an excellent tool by which to form, educate and strengthen ideology and motivation.
L-Pesa will channel to the markets supported by more than 40% of the world's population: Africa, the Indian subcontinent and Southeast Asia. Currently, the population is more than 3 billion people, and is growing rapidly. L-Pesa mobile solution based on the use of mobile phones. In the presence of the L-Pesa market significantly exceeds the creditworthiness of L-Pesa.

More information can be found here:
1. WebSitе
2. Whitepaper
3. BitcoinTalk
4. Telegram
5. Twitter

Мy BitcoinTalk