About Populous (PPT)

Overview

Populous is the first Ethereum-based platform that provides invoice financing on a global scale built on blockchain's distributed ledger technology. Invoice financing typically involves business owners selling unpaid invoices at a cheaper rate to free up cash. Invoice buyers then collect the full debt owing by the debtor.

Technology

Populous analyses the credit risk of incoming invoices and companies using XBRL data, the Altman Z-score formula, and other methods commonly used in the financial sector to eliminate the need for a third-party credit agency. Combining this with smart contracts, the security, speed, and transparency of blockchain allows the Populous platform to offer a unique way for business owners, lenders, and investors to connect. Populous involves the use of two tokens, Pokens and Populous Platform Token (PPT). Pokens are an internal stablecoin linked to a Fiat currency, the value of which converts to 1GBP, and is the only currency, crpto or otherwise, that can be used to pay bills. PPT, on the other hand, are primarily for investment. Only 53 million PPT will be in circulation and are used to invest in buying invoices.

Future Focus

The future of Populous will be an interesting one to watch as it is competing in the finance industry which can be expected to have two primary drivers: targeted acquisition and organic growth. The platform boasts over 3 million registered companies at this point and is likely to grow as more people become familiar with this approach in invoice financing. For more information regarding Populous visit the official page or read the Whitepaper.

A wallet is essentially a bank account for your cryptocurrency and the wallet address is like your account number. The sender of the cryptocurrency needs a wallet address so they have somewhere they can send it from their wallet, much like a bank transfer. This wallet is giving you access to the blockchain where you can view your balance, send and receive cryptocurrency.

For information please read our beginners guide to cryptocurrency wallets.

POLI - internet banking

POLI is secure and fast. It links directly to your internet banking – login with your normal details and the rest is easy. No extra fees or surcharges. Watch this short video to see how it works.

Buy Populous (PPT)

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Need to know

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Storing your coins with Wallets

A wallet is essentially a bank account for your cryptocurrency and the wallet address is like your account number. The sender of the cryptocurrency needs a wallet address so they have somewhere they can send it from their wallet, much like a bank transfer. This wallet is giving you access to the blockchain where you can view your balance, send and receive cryptocurrency.

For information please read our beginners guide to cryptocurrency wallets.

Pay with POLI. Its fast!

POLI - internet bankingPOLI is secure and fast. It links directly to your internet banking – login with your normal details and the rest is easy. No extra fees or surcharges. Watch this short video to see how it works.

About Bitcoin

Bitcoin (BTC) is a form of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds. Transactions are stored on a distributed, immutable, online, public ledger known as a blockchain. Bitcoin was the first truly decentralised cryptocurrency which was created by a programmer under the pseudonym Satoshi Nakamoto and was released in 2009. The system is peer-to-peer, verified by network nodes and recorded in a public distributed ledger called the blockchain. Bitcoin can be exchanged for other currencies, products, and services with over 100,000 merchants and vendors accepting bitcoin as payment. Bitcoin can also be held as an investment. There are only a fixed number of Bitcoin will ever be mined (21 million), it’s not controlled by any one government or central bank, and there’s no such thing as quantitative easing or fractional reserve banking. These qualities make Bitcoin excellent as a store of value and a long-term safe-haven asset, similar to gold.

A Bitcoin success story that went viral on social media is Kristoffer Koch from Norway. Koch invested around $27 in Bitcoin in 2009 and then forgot about it for four years. He remembered about his Bitcoin wallet in 2013, which had then grown in value to $886,000.

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Due to the price of sending and sourcing BTC the minimum order is $500.00.

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