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Goldfinch, a global credit protocol, has seen a 50.26% surge in the last 24 hours, currently trading at $1.10. In the last seven days, Goldfinch (GFI) grew to 68.46%. Goldfinch price chat in 24 hours | Source: CoinMarketCap According to a Sept. 20 post from a tokenomics researcher, the project generated over $700,000 in
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The development follows the default of a $5 million loan on Goldfinch made to an African robotaxi company. Source
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Goldfinch has grown its outstanding loan volume from $250,000 a year ago to over $38 million. The protocol is serving over 200,000 borrowers in 18 countries. Goldfinch capital is being used for a wide range of uses, including motorcycle taxis in Kenya and small businesses in Brazil. Original Source
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In launching the protocol in December, Sall and co-founder and CTO Blake West, who met at the University of Pennsylvania and worked together at Coinbase, were looking to make crypto borrowing more accessible, particularly to individuals and businesses in developing countries with fewer tangible assets to address typical collateral requirements.
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