#Threadstorm 1/6. My take on REPO loan and it's development to the hive blockchain. REPO is a short word for Repurchased agreement.
#Threadstorm 1/6. My take on REPO loan and it's development to the hive blockchain. REPO is a short word for Repurchased agreement.
2/6. REPO is a short word for Repurchased agreement. It is a financial transaction whereby a party seems securities to another party with an agreement or commitment to repurchase them at a specified price and at a certain date
3/6. The introduction and implementation of REPO with web3 would mark a huge turning point in the financial industry as access to funds for entrepreneurs and business outfits would not be a problem at all.
4/6. Additionally, the use of REPO in a black chain would aid transparency, on-time transaction tracking, speed, efficiency, and security in the lending process. This development will demand the creation of smart contract technology
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5/6 REPO loan will serve as a support mechanism. With these, many initiatives will be supported and funded especially small medium enterprises(SMEs) as well has communities into the provision of social services or welfare
6/6. It is a sure way of extra earnings to the blockchain. Loans always goes along with interests. These interests attached to the REPO loans will help in maintaining the ecosystem.
In summation, a REPO system on Hive will make sense. Utilizing a stablecoin will help deal with risk questions, especially concerning cryptocurrencies.