Topic: STACK fintech — negotiations (Read 91 times)

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MicroMoney Negotiates a Better Deal for Unbanked with STACK MicroMoney Intl., a pioneer blockchain credit bureau with a social mission to help millions of unbanked gain financial independence, has just announced they are in negotiations with Canadian fintech start-up STACK. The negotiations center on STACK’s advanced financial solutions, which are aimed at providing users with an alternative to traditional banking by allowing users to safely store, instantly access, and directly transact with their money straight from a smartphone. “A big part of our social mission at MicroMoney is helping people gain access to the financial system. This means step one for many of our clients is setting up a bank account. The process can be cumbersome and time consuming, resulting in excessive delays when the individual really needs the money now,” said MicroMoney co-founder Anton Dzyatkovsky. “Being able to leverage the STACK platform would be a win for everyone. This would be the first time when customers could be setup with bank accounts in minutes. Our loans would get approved and disbursed faster and would be more affordable.” Universal accessibility to financial markets has become a global problem, with more than two billion adults considered having no bank account, credit history, or ability to get a loan. As blockchain technology becomes increasingly mainstream, companies like STACK and MicroMoney are leading examples of the ways in which disruptive tech can be used to solve social challenges. MicroMoney is excited and optimistic at the prospects of a partnership with STACK. With a deal looking to be reached in a matter of days, it would likely come as good news for the blockchain credit bureau and social lender’s ongoing crowdsale, which has already seen over $8 million raised to date.