Compound launches native governance token
Compound Finance moved away from a centralized governance model to one driven by community governance. Every Compound user, both borrowers and lenders on the DeFi platform, will now receive a native governance token called COMP every time they make a transaction.
BitBond and Bitpesa target P2P loans for African Businesses
Bitbond and Bitpesa recently announced a new initiative offering small business loans to Kenyans, Nigerians, Tanzanians, and Ugandans. In a bid “to improve access to financing for SMEs in Africa,” the move allows Bitbond borrowers in the four countries to “withdraw loans into their mobile money or bank account in as little as 20 mins,” according to Bitbond’s announcement.
Credible Friends targets credit card industry with bitcoin lending app
The Credible Friends smartphone app is designed to replace the credit card industry with a trust based peer to peer lending service, powered by bitcoin. “In under 2 minutes you can be extending lines of credit to dozens of friends,” explained the Founder and CEO of Credible Friends, Zach Doty, in an interview with BNC.
