Populous is a peer-to-peer blockchain powered invoice platform. It allows anyone to trade finance invoices globally through its distributed ledger technology, removing the need for third party entitie
s in invoice transactions.
How the invoice markets works is there is a buyer and a seller. The seller offers an invoice with specified terms, which is then sent to the Populous platform. The buyer chooses the invoice he would like to invest in and makes a bid for it, setting an interest rate in the process. The seller reviews and accepts the bid, receiving the duns equivalent to the bid. After this, once the invoice is settled, the buyer receives it.
Populous aims to bring the invoice market to a global audience.While invoice markets are not a new concept, they are traditionally limited in localization. Through the means of smart contracts and a publically viewable ledger, Populous offers high transparency and most importantly, secure and safe transactions.
PPT is the native token of the platform, and is offered as escrow and collateral for invoice sellers. PPT is also held in a liquidity pool, to enable fund availability and zero fees when trading on the platfor.
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