Digital Letters of Credit along with other receivable management tools such as direct collections will be used to finance trade on the DeFi space. The banker’s acceptance model can be used for transaction financing with guarantee pools.
Benefit to the tribal members:
- Members will be able to participate in the community investment by staking the tribal currency.
Benefit to Small Businesses
- Small businesses will be in a better position to manage and finance their receivables.
Benefit for the tribes
- Letters of credit are issued by Tribal DeFi on its platform. They are a means of financing the tribes, especially in trade from tribe to tribe. They provide assistance to the tribes in the management of their affairs, but they are also a source of income for them through profit sharing.