There are over 400,000,000 small enterprises around the world but unfortunately, they all lack the resources to trade their goods directly with each other. A staggering 56% of these businesses that submit trade financial proposals in order to trade globally are being rejected by traditional institutions and face other barriers that limit the trades.
That’s where the U.K’s ModulTrade comes in. The company has created a smart-contract based platform that replicates traditional banking tools such as bank guarantees and letters of credit, in milliseconds at a much lower cost to the user. This platform is based ...
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