In most developing nations almost 50% of the population are unbanked. Being unbanked means they don’t have access to credits or loans from banks. Mostly this happens because banks don’t want to waste resources because financial infrastructures are costly. And in countries like mine, this problem arise because of identity problem. Banks can’t give access because there is no proper identity.
Also with the high rate of unbanked, credits companies and banks don’t have enough information to know which services they should provide, or what type of credits plan is needed by customers. This leads to disagreement of terms between customers and banks.
Inability to have access to credits by individuals in developing countries is mainly caused by these three problems:

1. High Cost of Capital
2. Information Asymmetry
3. High cost of banking infrastructure
   These problems arise and banks are not able to provide financial access to the poor in these areas.

SWAPY NETWORK

Swapy Network combines a decentralized protocol with a suite of three integrated applications. Swapy Exchange connects international investors from countries where the interest rates are lower to credit companies in countries where the interest rates are much higher. Swapy Financial ID empower individuals, giving them the right to a worldwide financial identity. Swapy DataMarket transforms user's financial data into value for the data owners. Now, individuals will hold their own data and choose how much tokens they receive in exchange for it when they want to share, and for whom.
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SWAPY network wants to solve these financial problems by connecting investors from various countries without barrier, the network will also give incentives to customers for sharing their information. Customers will also have the ability to share their data whenever they want and with whomever they want.
SWAPY networks combines a decentralized protocol with a suite of three integrated applications:
THE SWAPY EXCHANGE
The Swapy Exchange is a market-based solution for more globalized and more efficient money markets. The Swapy Exchange will connect international investors to local credit companies, optimizing returns to the investors and lower rates to the credit companies. On the swapy exchange, investors can seek for loan easily without having to deal with exchange rates.

The Swapy Financial ID
The Swapy Financial ID aims to be a digital financial identity valid in any country. Its purpose is to eliminate the information asymmetry, as well as improving the data integrity and privacy.

The Swapy Data Market
In the credit analysis process, information asymmetry gives an unfair advantage to large corporations. Furthermore, the costs of data searches and analysis are nonetheless passed on to 12 the end user. A data marketplace enabled by the Swapy Network can eliminate the information asymmetry and make all information available to all players, new and old, large and small. The information on the user’s Financial ID will belong to the individual, and the individual will receive an agreed-upon value in Swapy Tokens (SWAPY) for its consultation.

SWAPY TOKEN

The SWAPY token will be the cryptocurrency of the SWAPY network it will be used to pay users for informations they provide, it will be used to pay for all the services rendered on the SWAPY network and users earning on the network will also be used as collateral for loans.
The SWAPY token is an ERC20 token based on ethereum. The token details are as follows:

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