Let’s take a look at Bitcoin first. Its market capitalization is USD 600 Billion (1000 billion USD in April 2022). Its transactions are 4.6 per second. But it’s not a bank, it’s more than that. Because it has no buildings, no employees, and no employer. But its accuracy is 100%. How is this possible? One word, DeFi, decentralized finance. Its technical basis is blockchain technology. Its founder, Satoshi Nagamoto
“The government wants to fool its people by doubling the wage but simultaneously printing more money into circulation. That’s why Bitcoin and other decentralized applications powered by blockchain looks to be our hope of creating a better future.”
Olawale Daniel
Finanza is a DeFi system created by Bizaka. Its transaction tool is a cryptocurrency called Zaka Coin. Even though Finanza is not 100% decentralized at present, the work is progressing rapidly. However, since June 20022 business loans to Women Self Help Groups have been provided through Zaka Coin.