DISTRIBUTED FINANCIAL SUPPORT
FIDA enables one party to financially support another by providing a loan independently, instantly and seamlessly in accordance with a specific repayment agreement executed on a smart contract.
No Intermediaries
Parties can lend to each other directly
Low cost transactions
No banks or financial institutions
Safe & Secure
Blockchain technology
Create loan agreements built into smart contracts.
Secure decentralised financial services between independent parties.
Decentralised & Anonymous
Decentralised independent transactions
Entirely anonymous
Borrower
Create account
Request loan
Lender
Create account
Agree loan terms and embed in smart contract
Smart
contract
BLOCKCHAIN
Smart
contract
Receive Money
Send Money
Create loan
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Amount
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Interest
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Repayment period
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Repayment plan
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Miss payment charges
HOW IT WORKS
ROADMAP
WHY FIDA?
Blockchain technology is changing the way the world operates, challenging fundamental accepted economic norms around monetary systems, including fiat currencies, the role of financial institutions and how money is moved around the world.
Financial facilitators will not longer exclusively hold the critical infrastructure to play the role of trusted intermediaries. Further, there is a rebalancing of the world economy to emerging economies; China, India, African State economies, Brazil etc. smartphone technology has transformed accessibility for users, changing their access to financial support and reducing the dependency on cash (or any paper-based items).
This presents an opportunity for FIDA to utilise blockchain technology to facilitate the provision of secure yet decentralised financial services between independent parties. In the first instance FIDA's product will enable one party (lender) to extend credit instantly and seamlessly to another (borrower).
FOLLOW OUR JOURNEY
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