Why Populous (PPT) Platform is the Best? How it Works
Anyone who has made follow-ups on cryptocurrencies must have come across the populous platform (PPT) by now.
Just as the name suggests, it refers to the people defined by a community, state or a country. Populous works by uniting people from one community to fund businesses with strong potentials. It relies on peer-to-peer (P2P) platform which equates to an auction-based marketplace where entrepreneurs place their bids for invoices.
By now, PPT has accumulated a total revenue for invoice financing alone is at $3trilion. Obviously, PPT has attracted numerous investors from all parts of the world.
How it works
Small and medium sized enterprises face challenges associated with inconsistent cash flow and bad debts. They need to borrow to keep their businesses running. Populous automatically rules out third parties (banks and other financial institutions) and hidden charges using blockchain technology by linking entrepreneurs to lenders. Buyers and sellers across the globe are allowed operate on a smart contract that allows them to auction invoices.
Still, regulators and miners will evaluate authenticity of these invoices before submitting them for auctions.
Benefits of using populous
Most small and middle sized entrepreneurs will at one point require funds to run their businesses. Now that banks impose hefty interests and charges, they tend to shy away from borrowing. Populous (PPT) is a huge financier of SMEs whose aim is to cut out on middlemen.
As a populous beneficiary, you are allowed to auction off your invoice to the highest bidder rather than wait for customers to make payments. The market arena is slowly being transformed through diverse and dynamic strategies as opposed to traditional lending.
How is PPT doing? Does it have much potential?
Populous has much potential in comparison to banks as well as other cryptocurrencies. The coin may have been introduced as a last resort to invoice financing. Through it, you can acquire instant funds from any lender across the world once both of you have to agree to a smart contract.
Well, PPT may seem better than bitcoin and Eretheum in terms of privacy. However, its use is restricted to invoices and contracts; which is perfect for borrowing. You will still be required to use other cryptos for transactions.
Reports have indicated that Populous (PPT) managed to accumulate $10 million by July 2017. With the current PPT coin trading at $51, analysts believe it will raise more in the near future. It may still be hanging on a beta release phase but its current position in the blockchain market has proven its potential.