IBMR and Blockchain Firm Algorand Launch Microfinance Platform By Cointelegraph


IBMR and Blockchain Firm Algorand Launch Microfinance Platform

The International Blockchain Monetary Reserve (IBMR) and blockchain firm Algorand are jointly launching a microfinance platform and a dedicated token to promote financial inclusion in Southeast Asia.

Per a press release shared with Cointelegraph on Dec. 12, the partnership between the two entities aims to develop and launch a microfinance ecosystem based on Algorand’s blockchain technology in a bid to boost the financial inclusion of the urban working poor in the region. Within the initiative, the parties will also introduce a dedicated token dubbed the Asia Reserve Currency Coin (ARCC).

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