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Topic: [ANN] PayPie - Blockchain-Powered Risk Assessment - page 221. (Read 109500 times)

hero member
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Paypie is disrupting the current Accounting workflows by organizing data inputs on a Distributed Ledger — While Improving Transparency in financial records

Learn More: https://paypie.com

 

full member
Activity: 532
Merit: 102
They have any competitors right now? Or this niche still free? TaaS is a competitor or no?
never heard of it before, i will check it

This trading on the exchanges already. ANd price too hight (4$). But Im not sure about their product.

On which exchange is this ? Where's it mentioned about the $4 price?

I think he is referring to TAAS. TAAS and PayPie are in no way competitors.
TAAS is a closed-end fund for investments while PayPie  is creating decentralized platform for accounting and credit risk analysis and providing a market place for invoice financing and independent risk and valuation services.
full member
Activity: 532
Merit: 102
Still trying to get a full understanding of your project.

In your whitepaper you stated:
"PayPie pool will buy that invoice from you at a discount & then wait for Nike to pay the original sum to the pool. This allows you to make payroll, purchase new materials, hire new people & grow faster."

In other words the PayPie pool will just buy something like 'certificate of indebtedness' just on a level before. How much will the discount be to buy this? And will there be a variable of percentage for the discount, up to what rating the company has on the platform?



I already asked this question as well, but no answer so far. Would be good to know as this is one way to use your PPP token and make profit.

I asked a member of the team and got this response.
"We will just provide credit risk score along with history. Discount rate will be decided by the token holders based on the investment opportunity they find to match their trading style."
So, it'll be a market for invoice financing. Discount rates will be variable and negotiable, IMO.
sr. member
Activity: 798
Merit: 262
They have any competitors right now? Or this niche still free? TaaS is a competitor or no?
never heard of it before, i will check it

This trading on the exchanges already. ANd price too hight (4$). But Im not sure about their product.

On which exchange is this ? Where's it mentioned about the $4 price?
full member
Activity: 392
Merit: 100
Actually I'm re-reading the part in the whitepaper about document storage using IPFS (which is the shizzle by the way), and it seems like there's still opportunity for sending a virus.

PayPie adopts IPFS to host business and accounting related media, such as PDFs, Word documents, images, videos and larger metadata on directors, shareholders, auditors, etc.

I guess that could be solved by enforcing some kind of identification and verification rituals before sending any documents is allowed.

Surely it's not so difficult to implement a solution to scan files for malware and viruses right? These things are already done by some companies, but if not,a local solution would work as well.

Yes, I agree, there are not competitors for PayPie, most crypto projects aim at the end customer, the normal people here who either trade or use the normal economic system, but PayPie want to service the big companies and banks with a solution that will help the adoption of blockchain technology, by helping reduce risk in this new world, and even in the global economy in general.
Big companies and banks will also help to make cryptocurrencies mainstream. If they show how nice this technology is there will also come more people on the crypto train. We really need such a technology to improve business processes and ending government corruption. I hope this technology helps us to live in a better future.
sr. member
Activity: 1372
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They have any competitors right now? Or this niche still free? TaaS is a competitor or no?

I haven't seen any competitors of paypie in crypto world. Taas is a bit different and they are working with only crypo companies, Paypie will be on everywhere. They will work with companies not only in crypto world.

This is nice in this way. If they dont have competitors, they have more chances for succes  Roll Eyes
full member
Activity: 490
Merit: 100
They have any competitors right now? Or this niche still free? TaaS is a competitor or no?
never heard of it before, i will check it

This trading on the exchanges already. ANd price too hight (4$). But Im not sure about their product.
I haven't seen any competitors of paypie in crypto world. Taas is a bit different and they are working with only crypo companies, Paypie will be on everywhere. They will work with companies not only in crypto world.
Its true, based on the abstract on their whitepaper, its about blockchain market and trading cryptocurrencies, and paypie isnt only for crypto world.

Still trying to get a full understanding of your project.

In your whitepaper you stated:
"PayPie pool will buy that invoice from you at a discount & then wait for Nike to pay the original sum to the pool. This allows you to make payroll, purchase new materials, hire new people & grow faster."

In other words the PayPie pool will just buy something like 'certificate of indebtedness' just on a level before. How much will the discount be to buy this? And will there be a variable of percentage for the discount, up to what rating the company has on the platform?



I already asked this question as well, but no answer so far. Would be good to know as this is one way to use your PPP token and make profit.
Lets wait for dev answer, be patient for a while.
full member
Activity: 154
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0x3a730F3323481De284C92Ad82764D095f188B41b
ppp token as a global business integrated credit data to provide preservation and other aspects of the idea is great
As a pioneer of the future industry influence and market share are the advantages of PPP
The difficulty lies in the recognition or acceptance of PPP by the global firm, which determines the future of PPP.
full member
Activity: 518
Merit: 101
🚀🚀 ATHERO.IO 🚀🚀
Still trying to get a full understanding of your project.

In your whitepaper you stated:
"PayPie pool will buy that invoice from you at a discount & then wait for Nike to pay the original sum to the pool. This allows you to make payroll, purchase new materials, hire new people & grow faster."

In other words the PayPie pool will just buy something like 'certificate of indebtedness' just on a level before. How much will the discount be to buy this? And will there be a variable of percentage for the discount, up to what rating the company has on the platform?



I already asked this question as well, but no answer so far. Would be good to know as this is one way to use your PPP token and make profit.
sr. member
Activity: 1372
Merit: 259
They have any competitors right now? Or this niche still free? TaaS is a competitor or no?
never heard of it before, i will check it

This trading on the exchanges already. ANd price too hight (4$). But Im not sure about their product.
sr. member
Activity: 308
Merit: 250
Is it possible for paypie to integrate with populous to create an even bigger customer offer? thanks and good luck with the ico

Populous is an invoice and trade finance platform built on the Ethereum blockchain to create a unique global trading environment for investors and sellers to trade invoices from all around the world. I don't really see where can they both cooperate - I feel PayPie is more business-oriented and not in the same process step as Populous. Can you please tell us your thoughts?
full member
Activity: 798
Merit: 115
But to be honest, I don't think government will adopt something like triple-entry accounting soon.
Too much cost to make it effective, too many laws to change.
Let's start with SME and after we focus on the big fishes Cheesy

It doesnt have to be approved by government since its just a tool.
This is one of those project where most of us wont be using the platform or the services but we will just invest in the idea and team behind it. So i hope there will be some solid announcements before ICO.
full member
Activity: 518
Merit: 101
🚀🚀 ATHERO.IO 🚀🚀
Can someone explain this to me thou, the ICO will get you PPP tokens, but the use of it is only to access Services on the platform, and to buy an invoice from someone. That is not that many usages( even thou the services that you can use it fore Is not specified) compared to the complexity of the functions that we pay for to get developed in the ICO.

Furthermore, you state that the buyer will pay PPP tokens to buy a discounted invoice, to who do you pay that? the holder of the invoice, or to the network?

Regarding your 2nd question, I would say both. The buyer can either purchase an invoice on the marketplace, in that case he pays the issuer of the invoice. But invoices are also purchased by the platform itself.
jr. member
Activity: 182
Merit: 1
Well done dev team its hard to find new and original ideas. But this is very intresting will it allso stop the problems of blacklusting credit scores just for searching for credit. I allways hate how consumers get a bad rap just for a failed credit application
full member
Activity: 336
Merit: 112
Still trying to get a full understanding of your project.

In your whitepaper you stated:
"PayPie pool will buy that invoice from you at a discount & then wait for Nike to pay the original sum to the pool. This allows you to make payroll, purchase new materials, hire new people & grow faster."

In other words the PayPie pool will just buy something like 'certificate of indebtedness' just on a level before. How much will the discount be to buy this? And will there be a variable of percentage for the discount, up to what rating the company has on the platform?

full member
Activity: 952
Merit: 137
Is it possible for paypie to integrate with populous to create an even bigger customer offer? thanks and good luck with the ico

maybe in the future, but i dont think they would do it now. ofc, this would rock the shit out in the business sectore, if both of them would work together Smiley
full member
Activity: 364
Merit: 100
Is it possible for paypie to integrate with populous to create an even bigger customer offer? thanks and good luck with the ico
sr. member
Activity: 350
Merit: 250
Actually I'm re-reading the part in the whitepaper about document storage using IPFS (which is the shizzle by the way), and it seems like there's still opportunity for sending a virus.

PayPie adopts IPFS to host business and accounting related media, such as PDFs, Word documents, images, videos and larger metadata on directors, shareholders, auditors, etc.

I guess that could be solved by enforcing some kind of identification and verification rituals before sending any documents is allowed.

Surely it's not so difficult to implement a solution to scan files for malware and viruses right? These things are already done by some companies, but if not,a local solution would work as well.

Yes, I agree, there are not competitors for PayPie, most crypto projects aim at the end customer, the normal people here who either trade or use the normal economic system, but PayPie want to service the big companies and banks with a solution that will help the adoption of blockchain technology, by helping reduce risk in this new world, and even in the global economy in general.
full member
Activity: 588
Merit: 100
Actually I'm re-reading the part in the whitepaper about document storage using IPFS (which is the shizzle by the way), and it seems like there's still opportunity for sending a virus.

PayPie adopts IPFS to host business and accounting related media, such as PDFs, Word documents, images, videos and larger metadata on directors, shareholders, auditors, etc.

I guess that could be solved by enforcing some kind of identification and verification rituals before sending any documents is allowed.

Surely it's not so difficult to implement a solution to scan files for malware and viruses right? These things are already done by some companies, but if not,a local solution would work as well.
sr. member
Activity: 980
Merit: 276
$CYBERCASH METAVERSE
They have any competitors right now? Or this niche still free? TaaS is a competitor or no?

I haven't seen any competitors of paypie in crypto world. Taas is a bit different and they are working with only crypo companies, Paypie will be on everywhere. They will work with companies not only in crypto world.
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