How the Pressures of the Coronavirus May Open the Door for Tokenization
Is more debt really the solution for restaurants, mom and pop retailers, and other small businesses as they watch their cash flows annihilated under quarantine and social distancing? Accessing the small business loan options from the government could take weeks or months, the $1,200 checks from the fiscal stimulus package won’t save them, and more debt is onerous anyways.
For example, the owners of The Diner could issue tokens as equity in the business to capitalize on their financial needs. Well, without diving into how the conventional financial system has high barriers to access, the relief package is largely ignoring small businesses, and the fragility of the financial system — especially over-leveraged corporations — caused the current dilemma in the first place.
