Thanks to the BitShares’ high capacity network, the BunkerDEX will enable anyone with a SmartPhone to cash their cheques, pay bills online, and send money to their friends and family in any SmartCoin they choose.
Is this referring to becoming a gateway and letting Canadians use the BitShares network easier, or is this about SAFE where third parties will cash their cheque and share the risk/reward with their investors via SAFE or something?
I never thought of the Rewards Debit crossing over with the SAFE like that. It sounds like you are suggesting the two can be used in a way to create local remittance centers from businesses that want to participate.. like a convenience store for example.
This line specifically though is only referring to the Debit service that will provide daily banking to Canadians via the BitShares network.
This idea is interesting though, will see if it provides some kind of opportunity.
Yeah, local convenience stores in small towns or friendly neighborhoods probably know a lot of their customers by face/character and could act as the middleman in a reputation based loan. From what I've heard of SE Asian stores they sell and provide absolutely everything and I bet they would welcome an opportunity to invest in their community members.
Shopkeeper has new profit model and a reason to sign up users to bts, local people get easy access to credit, and local investors have a way to stimulate the local economy and profit from it.
Shopkeep will only lend to people he thinks are trustworthy, and unless the customer is willing to move house they will have to face public shaming if they don't repay the loan.
Customers could 'cash cheques' or get a pay-day advance on their salary.
If shopkeep can earn good money from this they may be able to subsidise their product line in order to attract more customers.
This kind of thing may also promote a community atmosphere and a getting-to-know-you is incentivized