The biggest challenge for Decentralize Finance in 2021

Real-world businesses don’t know about DeFI potential

Decentralized finance (DeFI) projects are now one of the newest, revolutionary ways to get financing services. Borrowers who are in need of financing services can borrow directly with DeFI projects within seconds without banking history or credit scoring.

Access to financial services means opportunities to leverage capital and get out of debts and poverty. This empowers millions of people who are unbanked, unrecorded around the world access to financial services that they didn’t get before.

Millions of people are now knowing and using DeFI. But how about businesses? Most businesses, especially SMEs, are unaware of this new source of capital fund that they can get access to grow their businesses.

How do we get real-world businesses to know about DeFI potential?

Just like how DeFI has provided opportunities for people from all around the world to get access to banking services that they could not access before, DeFI is offering financial opportunities to investors who do not get access to other investment assets thanks to its low entry cost. Crypto investors who own cryptocurrencies are now able to generate income from their digital assets by lending their cryptocurrencies to DeFI projects and create huge capital funds for those who know how to leverage it.

In traditional financial institutions, SMEs businesses, especially in developing countries, are often left out and hard to gain access to capital funds and loans because:

• Small loans (below 10,000USD) are considered non-profitable for traditional financial institutions.
• Businesses that are “not big enough” unable to develop relationships with banks and get loans.

Using blockchain technology, ShuttleOne is connecting SMEs businesses across the world to DeFI power. Businesses with real, tangible assets are now able to collateralize their assets on ShuttleOne blockchain technology and get access to the capital funds from crypto liquidity pools.

Partner with institutions and solutions providers in sectors like cross-border trade, finance, manufacturing, agricultural, … ShuttleOne provides their technology and enables financing solutions to these solutions providers to reach and service their ecosystems.

Their recent partnership with GeTS, a Singapore government linked company that is powering government services solutions across the world, has serviced more than 4000 merchants within Southeast Asia and China in 2020.

Support the DeFI ecosystem with implementations to the real world

Bringing financial services to those who are neglected by traditional financial institutions, ShuttleOne is on its mission to bridge the gap between businesses and finance institutions.

By using the power of blockchain and decentralized finance, ShuttleOne is doing its role to push the traditional financial industry to adopt and change its methodology and technology.