Last year, more value was transacted on the Bitcoin network than on Paypal’s, or Discover’s: $1.3 trillion.
Some of that volume was obviously professional trading. But the really interesting crypto story is happening in places like Argentina, Nigeria, and Indonesia, where participation in the traditional financial system is very low. Cryptocurrency is fast becoming the foundation of a new financial system and its already happening in developing countries around the world.
Any financial system needs these fundamental components.
Money Creation and price discovery are clearly established.
Financial Instruments, markets, and intermediaries are quickly maturing.
The least developed is credit and that’s where Graychain is focused
2 years ago, companies offered unsecured crypto loans. They all went out of business. Why? Because they had no data. They knew nothing about the people they were lending to, so their default rate was sky high.
As a result, crypto lending is now collateralized. That market is worth $6B.
With Grayscore in the market, collateralized lending will grow with more confidence, and unsecured lending will re-emerge.
We extract and analyze transactions from the biggest blockchains to create this previously nonexistent credit data.
Blockchain technology gives us cryptographically-verified financial histories.
Histories that allow lenders to make intelligent decisions.