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The Rise of Decentralized Credit – How Gluwa Challenges the Status Quo
Manage episode 510920368 series 3474370
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This story was originally published on HackerNoon at: https://hackernoon.com/the-rise-of-decentralized-credit-how-gluwa-challenges-the-status-quo.
Discover how Gluwa is redefining decentralized credit by challenging traditional lending models, driving financial inclusion, and shaping the future of DeFi.
Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #gluwa, #decentralized-finance, #digital-lending, #crypto-credit-systems, #decentralized-banking, #crypto-adoption, #peer-to-peer-lending, #future-of-finance, and more.
This story was written by: @ivyhackwell. Learn more about this writer by checking @ivyhackwell's about page, and for more stories, please visit hackernoon.com.
Decentralized credit isn’t about overthrowing the existing financial system; it’s about building a bridge between the informal economy and formal finance. Gluwa’s Creditcoin and Credal network show that public blockchains can record real-world credit transactions at scale, create portable reputations for the unbanked. When combined with national digital currencies like the eNaira, they offer a path to mainstream adoption.
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