What is HUMA currency (in simple terms)?
Imagine that there are companies needing money, but traditional banks say no. Or other companies have invoices that haven't been paid yet and want immediate liquidity. This is where HUMA comes in!
In short, HUMA is a digital currency (like Bitcoin, but with a different use) aimed at facilitating the financing of small and medium enterprises (SMEs). This means instead of the company waiting months to get a loan from the bank, or waiting for a client to pay a large invoice, they can use the HUMA platform to get that money quickly.
How does HUMA work?
The matter is simple:
* Companies that need financing (borrowers): These companies submit a request on the HUMA platform to get money in exchange for something specific, like accounts receivable or any other assets that can be converted into cash.
* People with money who want to invest (lenders): These can be regular investors or even institutions. They look at the requests available on the HUMA platform, and if they see a request they like, they decide to invest in it using HUMA currency.
* Guarantees and encryption: All these operations are done securely and encrypted on the Blockchain network. This ensures transparency and security, making things clear for everyone and no one can manipulate it.
* Interest and profit: When the company repays the money, the investor gets their money back along with an agreed-upon interest or profit percentage.
What is the benefit of HUMA?
* Speed and ease of accessing financing: Small and medium enterprises can get the money they need very quickly, without the routine complications of banks.
* New investment opportunities: Investors find new opportunities to put their money and achieve profits, especially in the small business sector which can be very profitable.
* Transparency and security: Using blockchain technology makes everything clear for both parties and no one can deny anything or manipulate the data.
* Overcoming traditional barriers: It helps companies that may have difficulty obtaining financing from traditional banks due to certain conditions or procedural complexities.
Is HUMA 100% guaranteed?
Like any investment, there are risks. The value of HUMA currency itself can change, and there is also the risk that the company that received the financing may not be able to repay the money. That's why anyone wanting to invest needs to study the subject very well and understand the potential risks.
Summary
HUMA is an attempt to make the financing process for small businesses easier, faster, and more flexible, by using modern technology like blockchain and digital currencies. It aims to bridge the gap between companies needing liquidity and investors looking for new opportunities.
If you have any other questions about HUMA or any currency
Just a second, I'm here!
