In 1999, Professor Milton Friedman, a Nobel Prize winner in economics stated:
“I think the internet is going to be one of the major forces for reducing the role of government. The one thing that’s missing but that will soon be developed, is a reliable e-cash.”
Nine years later, Bitcoin was born.
Continue reading “Startup Sunday Season 2 Episode 11 (Bitcoins)”
Entrepreneurs in India consistently face issues while raising timely credits from banks, despite running successfully. Those that succeed often have to provide some collateral to fund business needs. Constricting lending policies, unbending collateral requirements and slow disbursement times by formal banking institutions drive SMEs towards informal financiers; while these institutions are quick but high interest rates put them down to a chronic cycle of debt. Continue reading “Startup Sunday Season 1 Episode 23 (Capital Float)”