How do you manage Micro-Debt?

posted 10:55AM May 17, 2006 with tags business cool web20 by Lars Trieloff


That Instant
Originally uploaded by ocellnuri.

I've come accross a very cool new Web 2.0 application that allows management of micro-debt and micro-credit. cyclr.com allows you to track for example payments made for your colleagues when eating outside and only one colleage decided to pay.

Cyclr will analyze the credit-debt-relationships between all users and identify debt-cycles that can be resolved without any payment. For example if Peter owes Paul 5 $ and Paul owes Mary 5$ and Mary owes Peter 5$ no payment is neccessary.

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