Eastern Caribbean Credit Unions Considering Crypto-Asset Based Lending

May 24, 2019

Credit Unions of the OECS Summit invites Vendit to Offer Expertise on the Subject.

The Credit Unions of the OECS invites Vendit to their upcoming summit on June 6-7 in St. Lucia to speak on Fintech innovations as part of their round-table discussions.

The OECS is an international inter-governmental organization dedicated to economic harmonization and integration, protection of human and legal rights, and the encouragement of good governance among independent and non-independent countries in the Eastern Caribbean comprising Antigua and Barbuda, Commonwealth of Dominica, Grenada, Montserrat, St. Kitts and Nevis, Saint Lucia, St Vincent and The Grenadines, British Virgin Islands, Anguilla, Martinique and Guadeloupe.

Future of Financial Systems

This Credit Union summit is being carefully watched for its significance as it will provide guidance to the Future of Financial Systems in the Eastern Caribbean States. Vendit is proud to be invited for its expertise in conventional financial systems, as well as in modern and future financial ecosystems through blockchain. 

While there are many blockchain/Fintech topics to be discussed at this summit, one that will be particularly of interest will be on the subject of crypto-backed asset lending, which many believe will be a forward step in the achievement of crypto and blockchain mass adoption.

It is Vendit’s goal to help bring the OECS Credit Unions to the forefront of Fintech, which includes utilizing blockchain technologies Vendit has been building. In accomplishing this goal, Vendit is working closely with AGC&C, a consulting firm in the Caribbean, in compliance and communications with the associated parties involved with the endeavor.

In attendance will be 16+ small to large Credit Unions interested in a more interconnected and simplified solution for payments and usability potentially using Vendit's ecosystem. Vendit is looking forward to engage with them to discuss solutions and the possibilities that are available through current and future Fintech innovations.

About Vendit

Vendit is a Fintech, Digital Currency, and Exchange Platform that connects merchants, vendors, processors, and financial institutions in order to provide the ability to seamlessly trade and process all currencies and transactions, whether digital or real-world.

The company believes it is important that all people have access to a seamless and simple payment and lending system with no limitations so that they may participate, create and build their business, and contribute to the local economy.

Vendit is creating a bridge between all real-world and digital currencies by combining the best of both worlds. They are looking to provide a more seamless approach to fiat and an easily accessible way of funding and of payment in use with digital currencies while at the same time, offering assurances to merchants to be free from volatility that is normally associated with digital currencies.

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*** Vendit is currently in the last phase of its Token Private Sale. Only 30,000 left at 0.25 USD each. Official ICO will launch in later 3rd or early 4th quarter of this year, 2019. Please see here for more info on the current token private sale: Vendit Token Private Sale.