Easy and convenient access to financial institutions and services is one major problem in the third World countries especially the developing and under-developed countries of the world.
Existing banking infrastructure is expensive and banking conglomerates typically makes their services unavailable to the poorest population or those in the remotes areas.
According to a popular survey about 20billion people around the world do not have access to financial services and most importantly access to credit.

This is so true because I live in a country populated by artisan and farmers who lives in the remote part of the country and they don’t have access to common banking system and even when they do, access to loan are scares or not even available at all.
There are three main problem attributed to the problem of access to credit which includes
• High cost of banking infrastructure.
• High cost of capital.
• Information asymmetry.
To solve these problems attributed to the financial institutions a company called SWAPY sprung up. Swapy is an open source project aiming to accomplish the mission of providing universal access to credit using the blockchain and decentralization. The swapy company envisions a world of efficient credit market with no barriers to entry for new players, where customers have the power and reap the benefits of universal Access to credit.

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Swapy Network combines a decentralized protocol with a suite of three integrated applications. Swapy Exchange connects international investors from countries where the interest rates are lower to credit companies in countries where the interest rates are much higher. Swapy Financial ID empower individuals, giving them the right to a worldwide financial identity. Swapy DataMarket transforms user's financial data into value for the data owners. Now, individuals will hold their own data and choose how much tokens they receive in exchange for it when they want to share, and for whom.
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Swapy will build a decentralized protocol with a suite of three integrated application aiming to provide universal access to credit.
The three Application includes:

1. The Swapy Exchange: It will connect smart money to emerging economics. This will introduce international investors from countries with low interest rates to credit companies with high interest rates.

2. Swapy financial ID: This will empower people by giving them financial identity that has a purpose to be valid anywhere in the world.

3. Swapy Data market aim to transform users’ financial data into self-determined value through a token based system.

THE SOLUTION: SWAPY NETWORK

Swapy Network aim to connect the various participants within the financial industry with the use of a decentralized protocol.

HOW SWAPY NETWORK AIM YO SOLVE THE PROBLEM OF ACCESS TO CREDIT.

• By encouraging lower cost capital and better information which can reduce entrance barriers for new companies.
• Swapy eliminates information asymmetry between participants through a commonly shared and updated data network.
• By providing better data so that credit companies can make better lending decisions and offer lower rates to good clients
• Swapy facilitates offers of credit in order to lower the costs of capital.

THE SWAPY TOKEN (SWAPY)

The swapy token is a ERC20 token and the basic unit of value in the swapy network. One unit will have 18 decimal points therefore the lowest value one can hold is 0.0000000000000000001 SWAPY.

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