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RE: ABLE - Simplified financial system for everybody
Hey @mak2017 quite detailed and useful article. But this concept is not unique as there are already few companies working on it. They building up platform where lender and receiver connect and execute the transaction without bank involvement. The difference is that they are not based on blockchain technology. This blockchain will help ABLE to make it translate and robust mechanism. I also belive that bank should not worry of cryptocurrencies as croro can make payment faster but people will need bank for many other services as well. Whats your views on this buddy?
Yes true, there are already a number of projects on the market who are doing same thing as ABLE. But as you also mentioned, ABLE project will use blockchain technologies to eliminate all kind of 3rd parties involved as well as make borrower and lender direct contact. I do believe that ABLE has quite a good chances to take their niche in this industry as finance market is very huge, so there will be a piece of pie for everyone who brings their concept to life at the best way.
Completely agree with you. Worth sharing this info.