NEW YORK, Aug. 8, 2017 /PRNewswire/ -- The first cooperative banking system enabled by blockchain technology is about to disrupt the impact investing sector globally and for hundreds of millions of grassroots entrepreneurs worldwide.
The state of impact investing today has made significant progress since the original creation of the eight United Nations Sustainable Development Goals in 2015 - ultimately aiming to cut the extreme poverty rate across the globe by half.
Historically, impact investing's great intention of enabling social and environment development has made good progress. The opportunity is in the current lack of transparency and accountability for all stakeholders: investors lack the transparency in project progress to give them the confidence they need to gain confidence in the deals they are funding. In short: an abundance of capital, and a lack of trust in the local entrepreneurs' ability to deliver.
As a result, unbanked entrepreneurs seeking to fulfill their basic banking needs often turn to cash checking services or loans that charge exorbitant fees or high interest rates that leave them in crippling debt, posing significant risk to family's ability to build creditworthiness and barring their access to the financial services needed to grow their businesses and lay the foundation for their countries' long-term social and economic prosperity.
Blockchain is the 21 century solution to solving this global phenomenon to build infrastructure and accountability into this system.
Moeda is the first blockchain-based cooperative banking system that gives entrepreneurs the ability to build sustainable futures for themselves and their families.
Launching in Brazil, Moeda is a simple, peer-to-peer payments and remittance platform that leverages a fiat-pegged Moeda digital token that can travel farther and faster than physical cash ever could through blockchain-based Android and iOS applications. It provides entrepreneurs, institutions, and investors with full transparency to keep projects on track and growing.
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