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Zild Finance’s Quest to Bring Maximum People Under the net of Financial Services

09-04-2020 05:15 PM CET | IT, New Media & Software

Press release from: Zild Finance

ZILD FINANCE

ZILD FINANCE

A few banks have monopolized the global finance industry. But has the current financial system been successful in providing financial access to everyone in the world? No, the global banking sector has not been successful in providing financial access to a huge section of the world population. In fact, the current unbanked population stands at 1.7 billion adults globally. So, what may be the reasons for this failure of the global banking industry?

What is Zild Finance?

Zild Finance is a DeFi protocol that leverages blockchain and smart contracts technology and combines it with traditional financial instruments. A user can get loans in different cryptocurrencies on Zild Finance’s platform. They can also earn interest by granting a Crypto-based loan through the Zild Finance’s platform. At the same time, the users will receive Zild tokens for contributing to the Zild ecosystem.

There is a big difference between Zild Finance and the banks. The banks have a central hierarchical structure whereas Zild has a decentralized system of operations. The Zild community has the deciding authority over the matters of token circulation. Hence, the individuals and communities that are part of the Zild ecosystem are at the helm of the steering wheel. All Zild users have access to all tools and services within the Zild ecosystem.

You can call Zild’s decentralized lending platform an investment & commercial bank as it operates as a typical investment & commercial bank. It allows its users to lend and borrow tokens on the blockchain. The rate of interest is the one that is mutually agreed upon. The supply and demand method determined the lending rates on the Zild platform. A person without a bank account can earn interest income on their savings through Zild.

It’s about time that non-collateralized lending made its way to DeFi space. With non-collateralized lending, Zild Finance is establishing the next stage of decentralized finance.

Global Gateway 8, Rue de la Perle, Providence, Mahé, Seychelles

Zild Finance is bringing uncollateralized loans to the Decentralized Finance space, also known as DeFi. It will enable a majority of the population to borrow with limited entry requirements. So far, secured loans have played an instrumental role in the DeFi space.

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