Pawntrust ($DWIS) is shaping the future of the pawnshop industryPawn Shops have long aided customers in obtaining sums of money that a bank might not be willing to loan them. Customers have also utilized pawnshops as a place to sell things they never use and turn their clutter into cash. This depends on the sort of need and the item you bring. The pandemic has influenced digitization heavily in the pawn industry, and companies like Pawntrust, leveraging the digital age, have brought the pawn shops online for better connectivity.
Pawntrust ($DWIS) is a network of pawnshops around the world that refines the services provided by brick and mortar stores. One can easily get access to hundreds of pawnshops from their home.
The company announced the list of features that will be added to the Pawntrust mobile app by early 2023, which include functions like "pawn it" and "sell it," which perform relevant actions.
Pawntrust will also lend capital to small businesses to push their growth based on their monthly revenue, which the company is planning to add in early 2023.
According to the data furnished by $DWIS, the net income has been drastically improved over a 12 month period, signifying a 300% gain from Q3 2021 to Q3 2022.
All the facts and figures point towards the growth of the company in the industry, and with the following plans and executions to be done in the first quarter of 2023, Pawntrust is willing to disrupt the industry with its online platform in full force.
