25 Jan Why Populous (PPT) Should Be Added To Your Crypto Portfolio
With new altcoins emerging every day, it is hard to keep up with the latest revolutionary trending project on the market. Populous (PPT) is among the top coins with the most growth today and is definitely worth considering for your crypto portfolio.
Populous is a peer-to-peer platform that uses blockchain technology to provide small to medium-sized enterprises (SMEs) with a more efficient way to participate in invoice financing. Many of these SMEs suffer from not having a consistent cash flow, as late invoice payments cost businesses millions every year. With invoice financing, businesses are able to sell their outstanding invoices at a discount to immediately free up cash. The individual that buys these invoices effectively takes it over and receives the money when the client pays.
Worldwide, the total market size for invoice financing has reached a grand total of $3 trillion USD. Thus, proving a huge growing market among businesses.
Why blockchain? Populous runs on the blockchain and allows buyers and sellers to exchange invoices almost effortlessly using smart contracts. Administrators monitor these exchanges to alleviate fraud and you must be approved to buy or sell these invoices.
The image above describes the process as briefly as possible. Populous has an Altman Z-score formula that is used to analyze credit risk. Without getting into too much detail, this is a market that is growing exponentially. This technology could save companies thousands of dollars a year.
During the company’s ICO back in July of 2017, Populous raised over $10 million. Currently, PPT is selling at $51.01 a coin, up 8.26%, in 24 hours. Its circulating supply is extremely low, compared to most coins at 37 million. PPT’s max supply is $53 million. You can trade for PPT on Binance, EtherDelta, Kucoin, HitBTC, OKEx, Mercatox, and Token Store.
With its small circulating supply and large global target industry, the Populous coin is a long-hold. This project could potentially revolutionize the entire invoice financing sector.
Featured Image: twitter