IOTA (IOTA) News

Around 70% of document sets presented under a letter of credit are rejected the first time, a figure widely cited in trade finance practice. A discrepancy can be as small as a date or a name that doesn't match from one document to the next. Each one means another round of

Had some time today, so I put together a little @iotanames stats dashboard 🤪 A few interesting things I found: • Nearly 3,000 unique .iota names have been registered, with around 450K @IOTA in recorded revenue. About 83% came from settled auctions. • Around 88% of names are

Around $2.5 trillion of trade finance requests go unmet every year, according to the Asian Development Bank. That's roughly 10% of global trade. Small and medium enterprises (SMEs) account for about 90% of businesses and more than 50% of employment worldwide, yet they struggle https://t.co/PSsDsaPZ5v

Under the hood of the L1 that is built to make a difference 👇 👇 👇 https://t.co/63SJZHQsgt

Only 35% of smaller businesses can get trade finance on reasonable terms, against 50% of larger ones, according to DP World's Global Trade Observatory. When the Asian Development Bank asked banks why they turn trade finance requests down, deals that weren't profitable enough to