In the 21st century, the era of high-end technology and dynamical science, the world is still affected by power of loan discrimination. About 2 billion adults have no access to bank accounts meaning they can’t afford basic day-to-day needs as all manner of payments, money transfers and access to loans.
Challenging this issue takes origin in human rights and other fundamental principles and standards that help us shape the better and more comfortable world to live in. Coming up with a solution for “loan-restricted” population is essential for indeed effective poverty elimination, cultural and economic development. It may affect other aspects of life such as social interaction and credibility.
Since blockchain technology appears to be having lots of weight and importance concerning contemporary finance and predominating the future of various business interactions, PayDay aims to contribute and create the next level loan mechanism based on the blockchain. PayDay is a coin for P2P lending solutions with an ambition to confront the low activity of small and medium businesses, general lack of funds in small and micro enterprises, investors’ credibility and even the unemployment issues.
