Reducing Money Dependency
Maria and Abi are business owners in the same community. By granting each other credit lines and using IOUs, they can reduce the amount of cash they need to transact with each other. Take a look at how they do this.
One-Way Credit Lines
Lee is a well-known member of the community. Tara has just started her business. By granting each other credit lines and using IOUs, they can reduce the amount of cash they need to transact with each other. Take a look at how they do this.
Credit conversion allows SikobaPay users who do not know or trust each other to transact using IOUs through trusted intermediaries. Sikoba’s basic and most important rule is that a user will only ever have credit exposure to those they have expressly chosen to trust. Take a look at how this works.
Clearing - Disappearing Debts
SikobaPay enable clearing — the same tallying and offsetting of debts and credits that was historically done at village fairs and trade fairs — but on a more rapid and ongoing basis. The result is that money is only needed to repay residual balances rather than the full financial value of all trade. Therefore, much less money is needed for the same volume of trade.