PayPie Inc. is announcing today the listing of its PPP token on Global Cryptocurrency platform Liquid.com (“Liquid”), for secondary trading.
PayPie has chosen to list on Liquid as it is a unified, global cryptocurrency platform that provides trading, exchange and next-generation financial services powered by blockchain technology. The listing of PPP on Liquid would give holders an option to trade their tokens using a digital asset.
Based on the Ethereum ERC20 standard, the PPP utility token provides users with access to important transactions, functions, and services within the PayPie Platform. Token holders will be able to use the PPP Tokens to access the PayPie Platform for real-time business financials and scoring data of an SME.
Today, managing operating cash flow is a perpetual struggle for most small business owners. To stay cash flow positive in their small businesses, many SMEs may need financing. One of the reasons most lenders turn down small business owners for funding is that the system is so expensive because lenders have to price the risk in the absence of quality data. This is the problem PayPie is going to solve. By analyzing businesses’ data, PayPie will identify the SMEs who are willing to pay, and who are going to get into trouble with the cash flow. PayPie’s mission is to transform the ability of SMEs to access better funding options by leveraging the blockchain ecosystem by creating a secure and reliable platform for SME’s that provide 3rd parties access to broad near-real-time financial data, metrics, and financial risk algorithm.
“We took our time picking an important exchange because it was extremely important for us to select one that’s supportive of the space and serves the best interests of our community. The Liquid is one of the top exchanges in terms of transparency, and we firmly believe that security and compliance are equally as important to them as they are to us,” said Nick Chandi, CEO of PayPie Inc.
PayPie platform not only gives a better view of businesses’ financial health to users to help them make intelligent financial decisions but also is a part of our bigger efforts to help ensure small businesses are healthy and successful. Evaluating the financial health of a company is not only about net profit and its margins. To accurately evaluate the financial health and long-term sustainability of a company, a number of financial metrics must be considered. PayPie helps you to have an in-depth look at these metrics.
“We are delighted to be the first global cryptocurrency exchange to add PayPie to our offering of digital assets on Liquid, and also be the first exchange to be able to support projects working on to improve the financial health of SMEs,” said Mike Kayamori, CEO and co-founder of Liquid. “Access to accurate financial data will be immensely helpful in the crypto economy to empower the small business ecosystem.”
Source : 24/7 Press Release