This day marks one of the milestones of the Colendi Project, as we are finally announcing the Colendi Card, which will open the doors to the incorporation of most common payment method to the Colendi application. Decades of consumer payment habits is now available in the Colendi platform where the users can acquire their physical Colendi Card and connect it to their Colendi ID and Colendi Score.
Colendi Card is considered to be a crucial element for Colendi adaptation in the communities where the old payment habits are relatively harder to transform. Considering people’s need to microfinancing and a comprehensive ecosystem, Colendi stands out with its abundant sources of finding the financing necessary and bring the platform personas together. Colendi has envisioned to extend its user outreach by integrating this Colendi Card, as an agent to allow people freely make use of credits at any Point of Sale(POS). Therefore, people have now access to Colendi financing at any merchant, regardless of said merchants’ incorporation to the Colendi ecosystem.
With the Colendi Card, and leveraging the Colendi protocol, users can build their Colendi Score with each transaction. They can do so without the risks carried by typical credit cards, like overborrowing and high interest rates, and can easily transact with merchants in the rapidly-growing Colendi ecosystem, or anywhere a MasterCard®️ and Troy®️ is accepted.
“This Colendi Card is a key component in helping to achieve financial inclusion, especially for the unbanked and underbanked around the globe,” said CEO and co-founder, Bulent Tekmen. “This card opens up new doors for people by removing traditional barriers and bringing them closer to regular interactions with the banking and financial system. Traditional financial institutions are often averse to issuing credit to people without an established track record, and with the Colendi Card, we’re giving everyone the opportunity to establish and build their Colendi Score in a safe and secure environment backed by blockchain.”
“As an active part of the Colendi ecosystem, we couldn’t be more thrilled about the Colendi Card and the additional opportunities it provides for us,” said Mehmet Ozcelik, co-founder of restaurant point of sale software leader SambaPOS. “This will benefit us as it will offers better reach to our merchants as well as growing our overall merchant base with the easy-to-use Colendi Card and app.”
Financial inclusion of the next billion people is not an easy task, on the contrary it requires substantial work, exquisite analysis and a comprehensive approach that will touch the lives of many people from various cultures and backgrounds. Colendi Card fits perfectly to the business strategy to be one of the strong hands to introduce Colendi globally.
In the blockchain scene today, many projects may come up with highly projects and promises, envisioning a better world, with better access, better infrastructure and prosper societies. However, very little of those visions take into account the current structure of the world’s finance systems and their limited resources to leverage their dreams, not to mention the fraudulent endeavors that did and still is doing more harm. Colendi’s intentions and vision extends from the world of today where people struggle to access banking and financing systems, to a tomorrow where crowds utilize the decentralized Colendi protocol and gain access to thousands of merchants and a market for lending opportunities.