I am happy that this is becoming an increasingly prevalent line of thought. The recognition of cryptocurrencies ability have a substantial impact on disadvantaged communities is vital to recognize.

This is one of the reasons the Digital Reserve Network is currently underdevelopment.

The Digital Reserve’s mission is to leverage decentralized network technology to create a sustainable microfinance institution that innovates monetary policy within the cryptocurrency ecosystem. This will increase the accessibility of capital to more people and improve the lives of people where traditional financial institutions are failing. The Digital Reserve is a proof of stake distributed ledger and BlockDAG that requires stakers to commit funds for a defined period of time expressed through the Denarii Protocol.

We believe that providing direct charitable transactions is a part of the solution, but is not a sustainable model and doesn’t meet needs in an empowering manner.

Thus, we have worked out a scalable model to begin meeting the $2 Trillion dollars in unmet financing.

We would be happy to engage anyone interested in creating a long term sustainable solution that demonstrates an economic system where doing good is profitable. This is also in alignment with the sustainable development goals from the United Nations.

Real World Examples

Staker
John has been working a steady job for the past 6 years. He is listening to the news and hears that the price of his cable and milk is going up by 3% because of inflation. He then looks at his savings account and realizes he is only getting a .05% return. He decides this is unacceptable. He then hears about the Digital Reserve. It is registered with the proper authorities and currently has great returns because it cuts out the bank while providing microfinance opportunities to the disadvantaged. John realizes that this idea sounds really good. To be able to make a better return while also helping others. It is ideal. He decides to load the software on his tablet and buys some denarii on an exchange. Then he decides to stake 5% from his personal savings. A month later he checks on the progress of his accounts and realizes that he has had a 1.5% return in 1 month. This is 3x greater than what he received throughout the year. He also sees a message in his account from one of the borrowers thanking him for helping them be able to make feed their children while they were preparing to start their new job. He realizes, he is part of something new and important. He decides to move some more money to the Digital Reserve because it is worth it.

Borrower
Janus has been unemployed for 3 weeks since the factory she worked at closed. Her childhood friend tells her that he wants to make her a business partner in his new design business. He sends Janus all the materials, but they won’t get paid until the order is filled. Janus doesn’t have any credit history and has three children to feed. She can’t wait until the order is filled. She then sees a sign on the bus about the Digital Reserve, loans for those who need them the most. She decides to check the app store on her phones and finds the app in her language. She signs up and authenticates her account. 10 minutes later she borrows 5 denarii with a payback period of 3 weeks, more than enough time to get her orders filled. She then sees there is a search feature and finds a local market that takes denarii. There is also a message below that provides instructions for how to exchange denarii for cash if necessary. She buys some rice, eggs and beans and walks home.

3 weeks later she pays back the loan, leaves a message and gets a notification that her credit rank has increased and short video on ways others use their Denarii. She then realizes, that she can use the Digital Reserve to buy additional materials while building her credit.

If you want to know more and get involved, please join the Digital Reserve Network mailing list and give a shout on Riot or Twitter. We are looking for continued input and support in implementation because this is a community effort of those with similar mindsets and values.