The Problem

In the emerging economies like what we have here in most of the countries in the Asia-Pacific region and Africa, there are billions of people who lack access to financial services including the access to credit. Rules, regulations, fiscal and financial policies, information asymmetry, and also the unbearable cost in banking services typically make these services beyond the reach of the poorest or those living in remote areas. This creates instability and a recessional situation where the people go after the high-cost capital which makes their status from bad to worse.

The Solution

The solution for this issue is the Swapy Network which is a decentralized protocol that focused on connecting various participants within the financial sector including creditors, bankers, borrowers, insurers, etc. It aims to resolve problems related to the accessing credit by facilitating credit offers in order to lower the costs of capital and eliminating information asymmetry between all parties with the use of a data network that is updated and commonly shared.

How Swapy Network Works?

The said decentralized protocol of the Swapy Network is combined with a suite of three integrated applications namely:

• The Swapy Exchange
Matches and connects international investors from countries with lower interest rates to credit companies emerging markets where the interest rates are very much on the higher side.

• Swapy Financial ID
It provides and ensures the right of all individuals with a worldwide financial identity.

• Swapy DataMarket
This transforms financial data of the respective owners into value for the data owners.

With the Swapy Network, the creditors, as well as the debtors, can be benefited with the diminished costs of monetary administration, expanded financial markets and much more. The fees or the expenses within the network will be charged in SWAPY tokens.

Swapy Team and Partners

Swapy Network is benefited and partnered with the following exceptional team members and companies.

Swapy Team

Name	Position
Edmilson Rodrigues	CEO & Co-Founder
T´ulio Braga	CTO & Co-Founder
Plinio Braga	Chief Design Officer & Co-founder
Bruna Fiori	COO
Brunno Neves	CFO
Icaro Harry D’App	Developer
Luis Philipe	Solidity Developer
Adriel Santos	D’App Developer

Partners

Name	Website
Amazix	www.amazix.com
Blockhaus	www.blockhaus.io
BountyHive	www.bountyhive.io
IT2S Group	www.it2sgroup.com
AStar Labs	www.astarlabs.com/en

Closing Remarks

Making all possibilities count is not entirely possible but on the other hand, creating opportunities that lead to fruitful endings is what we should be concerned of. People make money in a multitude of ways and that is understood. Providing equal opportunities for them is the main concern of the platform. In order to survive in a dynamic market system, it is important to be financially stable and retain trust in them. Therefore they are creating a specific market to serve its clientele.

This is, most certainly, an efficient credit market where those interested have easy access and make use of the services without having to worry about an intercessor. Having a common interest rate in the world is something not possible to execute therefore their aim is to adapt and create alternative ways to reduce the differences among interest rates in the world. So there is a great promise that people will get many benefits by involving themselves in this platform since it also ensures security and easy access as well.

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Author's Details:

Bountyhive Username: Rajivw