👋Introduction

Lending Through Blockchain

Cryptocurrencies will have a significant impact on individuals facing barriers to financial resources by providing opportunities worldwide. Through microcredit systems based on cryptocurrencies, social investors will be able to precisely determine who receives their investments and how they are used. As a result, funds will reach those in need in a more transparent and efficient manner. This will increase trust in microcredit applications and provide additional support to individuals in need of financial assistance.

The 1MCT Platform(3) is entirely driven by a social purpose and aims to incorporate blockchain technology into microfinance(4) applications. This will enable social investors to contribute to a social cause through the 1MCT Platform. While the goal is to eradicate all forms of poverty with 1MCT, it will also facilitate the adoption of Hepitalism practices worldwide.

1MCT introduces a new microfinance concept that focuses on reducing the difficulty of financial inclusion as an international currency. The 1MCT Interagency Microfinance Platform aims to provide access to financial services for individuals without access to banking services by implementing blockchain technology in the microfinance sector and aims to eradicate global poverty. Considering that nearly half of the population is female, empowering women through blockchain microfinance systems is of great importance in the fight against poverty and unemployment.

The long-term goal of the 1MCT Interagency Microfinance Platform is to provide blockchain-based microfinance services to individuals facing financial difficulties all around the world.

Social investors will be able to transfer their funds to the 1MCT Platform in their desired currency using the integrated currency conversion tool within the token economy framework. 1MCT does not impose any restrictions on users in terms of currency, allowing social investors to periodically monitor how their funds are being utilized over time.

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3 The MicroCreditToken ($1MCT) Blockchain Project is conducted by MCT Crypto Asset and Technology GmbH, licensed in Switzerland, with the Turkish Foundation for the Prevention of Waste (TİSVA) as a shareholder.

4 Microfinance institutions are financial organizations or non-governmental organizations committed to assisting individuals who are poor, unemployed, or without access to other financial services, including those without bank accounts. They enable individuals to receive microloans in a secure and ethical manner, consistent with microfinance practices.