by Louise Ivan on March 21, 2022

Creditcoin, which provides a credit lending infrastructure to unbanked individuals, will integrate the Stacks blockchain to bring Bitcoin-powered smart contracts to the Open Finance ecosystem. The Creditcion blockchain is designed to match and record credit transactions, creating a public ledger of credit history and loan performance, paving the way for a new generation of interoperable cross-chain credit markets.

Creditcoin provides a way for individuals to build a provable on-chain credit history, which includes a score similar to traditional credit scores, but which is not controlled by a few companies, Rather, the lending and credit data is transparent and based on provable previous behavior from the ledger.

By integrating Stacks with Creditcoin, a whole new pool of users in Africa will be able to leverage Bitcoin DeFi, giving them direct exposure to Stacking. Integration is expected to go live in Q3 2022.

About CreditCoin
Creditcoin is a foundational L1 blockchain designed to match and record credit transactions, creating a public ledger of credit history and loan performance and paving the way for a new generation of interoperable cross-chain credit markets.

By working with technology partners, fintech lenders such as Aella, and other financial institutions across global emerging markets, Creditcoin is securing capital financing, building credit history, and facilitating trust for millions of underserved financial customers and businesses based on the principles of Open Finance.

CreditCoin Official Sites & Communities
Website: https://creditcoin.org/
Twitter: https://twitter.com/creditcoin