{"id":31198,"date":"2022-06-29T11:41:46","date_gmt":"2022-06-29T15:41:46","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=31198"},"modified":"2022-06-29T12:05:55","modified_gmt":"2022-06-29T16:05:55","slug":"aella-creditcoin-network-partner-to-enable-transparent-credit-history-in-africa","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/aella-creditcoin-network-partner-to-enable-transparent-credit-history-in-africa\/","title":{"rendered":"Aella, Creditcoin Network partner to enable transparent credit history in Africa"},"content":{"rendered":"\n
Aella, an African mobile banking platform<\/a>, has teamed up with Creditcoin Network to incorporate its transactions into Creditcoin's public blockchain in order to create a transparent credit history.<\/h5>\n\n\n\n
\"Aella,
Aella, Creditcoin Network partner to enable transparent credit history in Africa <\/figcaption><\/figure>\n\n\n\n

All credit transactions related to Aella will be documented on the Creditcoin blockchain, making them simple to audit and viewable through their block explorer, according to a statement issued by Creditcoin. The terms of the loan as well as payments and repayments\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> will all be included in the recorded transactions.<\/p>\n\n\n\n

According to Creditcoin, the agreement coincides with the launch of Creditcoin 2.0, an update that makes the network more dependable and simpler to integrate.<\/p>\n\n\n\n

The move, according to Aella CEO Akin Jones, enables investors to track the company's performance in real-time by looking at the blockchain. This could potentially result in further capital raises and help more Africans <\/a>gain access to finance. Jones cited the following:<\/p>\n\n\n\n

\u201cFor us, and millions of users across Africa, that means more and cheaper access to vital sources of credit.\u201d<\/p><\/blockquote>\n\n\n\n

The creator of Creditcoin, Tae Oh, expressed pleasure in the release of version 2.0 and the collaboration with Aella. Oh claims that the latest development represents a stride in the project's direction of providing the unbanked with a “fairer shot.”<\/p>\n\n\n\n

According to a report from April, the absence of adequate financial infrastructure in the area has increased cryptocurrency ownership in Nigeria. The research, which was released by the cryptocurrency exchange KuCoin<\/a>, revealed that many Nigerians have started using cryptocurrency as a substitute for traditional asset transfers.<\/p>\n\n\n\n

According to The African Blockchain Report 2021, venture funding for companies in the African region has increased by 11x in 2022. According to the report, a blockchain unicorn might shock the area in two to three years as a result.<\/p>\n","protected":false},"excerpt":{"rendered":"

Aella, an African mobile banking platform, has teamed up with Creditcoin Network to incorporate its transactions into Creditcoin’s public blockchain in order to create a transparent credit history. All credit transactions related to Aella will be documented on the Creditcoin blockchain, making them simple to audit and viewable through their block explorer, according to a […]<\/p>\n","protected":false},"author":12,"featured_media":31200,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[10795,332,10796],"class_list":["post-31198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-aella","tag-africa","tag-creditcoin"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/06\/image-231.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/31198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=31198"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/31198\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/31200"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=31198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=31198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=31198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}