HomeCryptocurrency NewsBitcoinist.com

BFEX: Empowering the World with a Better Financial Identity by Shankar Biswas

Mr. Shankar Biswas, BFEX ’s co-founder, explains BFEX’ s concept in his own words. While counting down on our Pre-Sale, let’s learn more ab...

Litecoin Price Analysis: Hitting Major Resistance
Cosmos Mainnet Officially Launched – What’s All the Hype About?
Tether’s New Terms of Service Spark Fractional Reserve Concerns

Mr. Shankar Biswas, BFEX’s co-founder, explains BFEX’s concept in his own words. While counting down on our Pre-Sale, let’s learn more about what we stand for and our solutions for the world’s problem.


Credit Decisions need better data BFEX (Bank Future Exchange) plans to break the cycles of debt and repayment, and find ways to build financial inclusion and momentum.

Did you know a large chunk of the world’s population does not have a bank account?

Financial independence is a pressing modern day issue: people in almost all developing nations experience difficulty receiving financing from traditional financial institutions.

Managing their day to day finances is a tough ask.

The genesis of this unfortunate story is credit bureaus using archaic credit scores, leaving millions of potentially creditworthy individuals “un-scorable” thereby excluding them and shackling their ability to improve their lives.

There is no consideration of a person’s basic character or allowance for the fact that people can change their lives and their behaviors in response to their surroundings and circumstances. Our vision is to provide a marketplace where the unbanked borrowers get their financial identity and explore new horizons in financial freedom.

BFEX’s peer to peer lending platform is a financial market place with a difference: it is transparent, secure and credible and different from the banks with its proprietary; Decentralized Social Trust Credit Scoring that will provide millions with access money at fair rates with a new improved social identity. BFEX will create better indicators by making meaningful connections between traditional and nontraditional data where raw Credit scores are only a part of the story. Nontraditional data will allow us to look at trends in consumer behavior that completes the picture and tells a better story of the person.

BFEX aims to champion social credit for the un-bankable, providing them with financial tools to better manage their future.

BFEX’s pre-sale starts from 1st of May 2018 until 28 June 2018.

For more information: https://t.me/BfexOfficial or twitter: https://twitter.com/officialbfex


Images courtesy of BFEX

The post BFEX: Empowering the World with a Better Financial Identity by Shankar Biswas appeared first on Bitcoinist.com.



from Bitcoinist.com https://ift.tt/2JIfX9b
Name

Bitcoin News,5117,Bitcoinist.com,4741,Cryptocurrencies,4741,Cryptocurrencies Latest News,5117,Cryptocurrency Latest News,4741,Cryptocurrency News,9858,
ltr
item
Cryptocurrency Latest News: BFEX: Empowering the World with a Better Financial Identity by Shankar Biswas
BFEX: Empowering the World with a Better Financial Identity by Shankar Biswas
Cryptocurrency Latest News
http://cryptocurrencylatest.blogspot.com/2018/05/bfex-empowering-world-with-better.html
http://cryptocurrencylatest.blogspot.com/
http://cryptocurrencylatest.blogspot.com/
http://cryptocurrencylatest.blogspot.com/2018/05/bfex-empowering-world-with-better.html
true
1236144943044321696
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy