, which provides a credit lending infrastructure to unbanked individuals, will integrate the Stacks blockchain to bring Bitcoin-powered smart contracts to the Open Finance ecosystem. The Creditcion blockchain is designed to match and record credit transactions, creating a public ledger of credit history and loan performance, paving the way for a new generation of interoperable cross-chain credit markets.Creditcoin
provides a way for individuals to build a provable on-chain credit history, which includes a score similar to traditional credit scores, but which is not controlled by a few companies, Rather, the lending and credit data is transparent and based on provable previous behavior from the ledger.
By integrating Stacks with Creditcoin, a whole new pool of users in Africa will be able to leverage Bitcoin DeFi, giving them direct exposure to Stacking. Integration is expected to go live in Q3 2022.