MicroMoney states it uses blockchain вЂ“ the technology that underpins Bitcoin and several other cryptocurrencies вЂ“ to keep the credit score of its consumers and allow the quick approval of loans.
In late 2017 the company carried out a coin that is initial as high as $30 million of MicroMoney coins, called AMM, to increase cash to enhance its financing operations into brand brand new areas. The listing in the height regarding the Bitcoin craze received interest that is significant the MicroMoney coin soon hit a top of $1.26, but quickly crashed along with other cryptocurrencies, and also for the previous eighteen months has exchanged at not as much as 1 cent, for an ongoing market capitalisation of simply $70,000.
MicroMoney Myanmar co-founder U Sai Hnin Aung wasn’t current when Frontier visited the workplace and then he later on declined a written ask for an meeting. He stated the business desired to keep a decreased profile.
Nevertheless, general manager Ma July called Frontier and explained that the company was at the entire process of using for the needed licence from the Central Bank. (más…)