Review on WeTrust by Sirin Owezowa
A project that is different from other platforms in the crypto space for global financial inclusion.
The phase of saving and protecting society. Self-regulated, non-frictional and centrifugal.
WeTrust Digital Money (TRST) plans to turn into a decentralized cash flow management system to provide a natural and fundamental option, unlike traditional monetary administrations provided by banking institutions. It’s a stage that will reopen opportunities for marketers and give everyone praise. WeTrust provides financial assistance with a common guideline model, such as ROSCA (Circular Savings and Credit Union), which allows people to be both banks and borrowers.
The WeTrust project is designed to provide a comprehensive and direct response to common guidelines, ensuring that anyone with an internet connection can access it. ROSCAs are only available in certain restricted areas and many people do not apply to them because they require a duty of trust. The project plans to replace the first element with the ROSCA dApp series. This step will make the creation and interest of ROSCAs more skillful and clearer.
Pros
- Eliminate the need for a trusted third party using blockchain technology.
- It will allow users to lend and borrow at self-determined interest rates.
- Once ROSCA becomes the required number of members, users regularly collect their money and the money is released to a member of ROSCA.
Cons
- I don't know what to do.
