- Sikoba - home of the IOU economy
Sikoba’s IOU platform can reduce communities’ dependence on money by unlocking hidden financial resources. The result is a boost to local economies, especially in developing countries.
Participants who know and trust each other in real life grant each other credit lines in the Sikoba system. They can then pay each other without using fiat money. These peer-to-peer credit relationships are governed by contracts with specific conditions, fee structures, and repayment rules.