Alternative Payment Platform With a Positive Impact

9 janurari, 2023

Cyclos is an alternative payment system that enables peer-to-peer transactions without the need for a central bank or other financial institution.

It is unique because it runs on its own currency, not tied to any other currency or commodity. This makes it ideal for use in areas where traditional banking systems are not accessible or reliable.
Cyclos is also designed to be user-friendly, emphasizing simplicity and security.

The system was developed in 2002 by the Social Trade Organization (STRO), a Dutch non-profit organization. It supports various transactions, including lending, borrowing, bartering, and donations. Businesses, organizations, and individuals can all use Cyclos.

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Working Together for Local Communities

Cyclos is a payment platform that helps companies save money on transaction fees and provides tools for businesses to manage their finances. Cyclos is used by various banks in Africa, Indonesia and Bangladesh, where more than 4.5 million people have an account. Brazil’s biggest barter Tradaq and the famous C3 Sardex (listed FT 1000) both use Cyclos too.

Moreover, Cyclos is a social enterprise, meaning it reinvests profits into social programs that benefit the community. This makes them an attractive partner for companies that want to impact the world positively. In addition, Cyclos is committed to transparency and works with partners to ensure transactions are fair and transparent.

Marviq shares the same values and has partnered with Cyclos to use the software on meaningful projects that help local communities thrive.

Have a Project in Mind? Let’s Collaborate!

Do you have a payment or banking-related app idea? Then contact us here at Marviq. One of our specialties as a software development house is finance (such as this project we developed for Wealth Management Partners recently). Together with Cyclos, we can create a bespoke solution for your needs, be it alternative payments, banking, or other financial software. Our developers have extensive experience in the Cyclos environment, so you can be sure that we will deliver your project quickly and error-free.

We’re looking forward to hearing your ideas!

What’s your challenge?

Qualified people and in-depth knowledge enrich your IT department and build a custom-made solution for your company, within budget and on time. We get things done. No hassle. No surprises. Just the solution you really need. You don’t just buy a custom solution. You buy knowledge, expertise and time. We manage the project for you, so you can let go.

Whether by providing team capacity or assuming full responsibility for the project, we will deliver a robust application.