Since we opened up the product last May, we've learned a ton and simplified the experience around you, your money, and people you trust. This takes into account a lot of the feedback that folks like @shawnborsky have brought up. There was a lot going on in those early iterations.
We'd love to hear what folks think of the new launch today!
https://medium.com/@puddle/makin...
@puddle@skylar, I really love the concept. But I also feel like there needs to be a easier reason to be part of a "puddle".
(You probably see this differently. But I love this because I think this could be something that can end payday loan industry. And I hate the payday loan industry)
For a credit system to work, it needs to connect savers and borrowers, and the ability to assess risk.
Puddle in its current form seems to connect all the borrowers together. What is a way to get savers onto here.
I have a crazy idea. (The idea is probably naive and won't work and you have probably thought about it).
Here it is:
P2P credit union
1. Issue a Puddle prepaid debit card for the underbanked
2. Have a "spending" account and a "puddle" account. The "spending" account has no interest but also carries no risk. The "puddle" account earns return from the interests when people take money out.
3. You allow friends and people you trust to join your "puddle"
Everything else works the same.
I think this might be a good distribution channel to reach the underbanked.
Puddle
Hello, block!
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Where can I find an iPhone 7?