Announcing Cycles –– The Open Clearing Protocol

For centuries, banks have formed closed clearing clubs to pay off huge amounts of debt with little or even no money. But you and I aren’t privy to these clubs. Outsiders like us are forced to settle in cold, hard cash, cut off from the benefits of clearing and issuance. Until now... With Cycles, anyone can clear their debts in a private, secure, and accessible way, using any type of currency or credit that works for them. Cycles is also so much more. It’s a new foundation for currency, lending, and issuance protocols, built on the obligation graph.