Factoring is the future of retail tradeAlmost every day we go shopping. We are interested in everything from household appliances, to food. And these small and large stores that give us the opportunity to purchase good (services) in small quantities, per item. In the XX century great demand for goods and services of mass consumption created the most important and significant phenomenon of retail trade - the chain.
This affected the entire market, and as a result of competition even relatively small retail companies were forced to borrow loans for current assets. That has led to the fact that we are all hostages of these loans. Whenever we buy goods, we have to pay part of the loan that the entrepreneur got. Banks began to rule the day collecting their taxes from the entire retail market.
But who wants to give away extra money for nothing? Here comes the service of factoring into the picture. Simply speaking, now an entrepreneur will be able to get money as soon as he delivers goods. And he immediately again puts it into circulation, avoiding unnecessary problems with loans.
Nowadays there are hundreds of companies offering factoring services, but there are also those that have gone a little further (on the market). Sticking to the trends of technology development and looking ahead CREDO offers not just factoring services, but create a whole decentralized financial system.
Having examined how the system works we will find that by connecting your bank card to the CREDO system you can get a number of bonuses, such as discounts. Due to the fact that CREDO buys a merchant’s goods obligation as soon as the delivery takes place, this transaction gives a much bigger discount comparing to that it could give being encumbered with a loan. CREDO will pay for the goods 80 instead of 100 rubles, and to all participants of its system will offer to buy it for 82 rubles, thereby giving the biggest discount on the market.
As a result, everyone has benefits starting from the entrepreneur to the final buyer. This system has been tested in the whole region of Russia - in Karelia. Now that the test has been success, the company is not only going to enter global Russian market but different countries’ markets as well.
By the way, CREDO introduces Blockchain technology into its system and even goes to an ICO. So now anyone can not only get a discounts, but can invest in the company as well, becoming part of the whole system that helps to earn and save at the same time. Anyone who buys company's tokens will receive a small bank with an income from each transaction!
You can become a CREDO partner and make your money.