[ANN] PayPie - Blockchain-Powered Risk Assessment

[Rabeya]

Crowd sale will start on ,15 October and end on 15 November. I think paypie will achieve its target successfully.

[tiger5056]

https://www.youtube.com/watch?v=2ZVWIb6UOjQ

Nice video explain paypie.  Simple way explained paypie. Nice

[matjas]

So the only currency excepted by this platform will be PPP token. Will you be able to buy it directly on the platform after ICO with fiat or with ETH? Will there be a wallet implanted in the platform itself?

[stormcleric]

It's great to see an updated whitepaper! I've been struggling in other projects just to get the OP updated, and PayPie did that with their WP. It's a good sign.

[Voltaje]

So the only currency excepted by this platform will be PPP token. Will you be able to buy it directly on the platform after ICO with fiat or with ETH? Will there be a wallet implanted in the platform itself?

I imagine that the platform will need a wallet, or at least a way to link your own wallet to the platform, it's necessary that the system can have access to eth and tokens when needed, for paying fees and such, or perhaps they will include an address creator inside the platform, that would be better of course.

[ParRus]

what you think guys on ico, how many days paypie take to complete hard cap? on my point of view this is fast growing and will take maximum 2 to 5 days to complete hard cap.

I agree, during first week must be compile required amount, PAYPIE - unconditionally useful, project is promising with long-term investment

[Sozialtourist]

white paper has updated, they remove pegged 1:1
that's a good news for us, cause we can increasing value of paypie

Was there a statement somewhere why they removed it?

[kraterion]

white paper has updated, they remove pegged 1:1
that's a good news for us, cause we can increasing value of paypie

ok but I think that eventually if banks adopt this technology they want a stable currency and in cryptoworld we all know how fluctuations are for coins/tokens

[Heimer]

what you think guys on ico, how many days paypie take to complete hard cap? on my point of view this is fast growing and will take maximum 2 to 5 days to complete hard cap.

Something like that. I see that there is very big hype for this ICO and most of users in this thread are very excited about this project. But again, only time will tell

[Jay2408]

what you think guys on ico, how many days paypie take to complete hard cap? on my point of view this is fast growing and will take maximum 2 to 5 days to complete hard cap.

Something like that. I see that there is very big hype for this ICO and most of users in this thread are very excited about this project. But again, only time will tell

I'm sure that some people are still a bit relucted because they don't really get what Paypie offers, but as soon as they publish, as promised, simplified technical papers and infographics plus examples how the platform works, the hype will even increase. 

[no-ice-please]

How will this project actually get off the ground? You are targeting the SME space, but the SME space isn't actually the space that is most eager to adopt blockchain technology. If you want to provide a 100% accurate risk assessment, you need a 100% transparent picture of the company. And therefore you need 100% of all assets and liabilities being accessible for you. And therefore you need a double layer accounting system with a data feed infrastructure between the double entry and the triple entry layer. And that again is adding complexity in the first place, which many of those companies will not want. Are you actually targeting companies that are about to be newly incepted or established companies that you want to get to transfer their double entry data into triple entry accounting infrastructure?

You might actually be surprised that a lot of SME will appreciate this service. As I aforementioned, if this service becomes the norm, it will break down barriers and encourage universal lending. So a SME in South Africa might not be able to apply for a loan with a bank in Australia. Because the bank has no way to prove their credit worthiness, with Paypie, the bank can easily verify their assets and liabilities. Thus enabling a process that was priorly deemed impossible.
As for does complaining about companies with shady paperwork, well Paypie is not meant for them and honestly, those shady companies shouldn't get funds that could be allocated to another company operating in an honest fashion

But that does not fully answer my question. How are you making sure that all assets and liabilities are correctly captured on the blockchain in order to reliably assess credit worthiness? Does that only work for companies that start their business more or less newly and completely on the blockchain?

Oh! I see what you mean. But I do anticipate that there will be kinks to work out in the beginning. They might enforce that liquidity/liabilities be completely verifiable but this will require governmental assistance to enforce. That's why i believe this platform will gain a stronghold in first world countries where the supplemental needs are already in place, and as other partsof the world embrace growth/ blockchain, their government might consider adopting the platform cos ultimately it helps guarantee that basic citizens and businesss are paying the required amount of tax

We will see how it all works out. I know that, for example, Corda from R3 also deals with issues in that regard. It is really difficult to get every single asset and liability transferred to the blockchain or - in their case - to the Corda system (which is not a blockchain, but this is irrelevant here). Now I am not saying this project is worthless or so. Not by any means. I was just curious how they are going to solve that problem of reliable and valid asset and liability transition (which is what they need, when they want to reliably assess credit worthiness and so on).

[Drokzid]

This sounds like a really promising project to me. What me makes really exciting compared to all the competitors is that they seem to be able to find lending opportunities. Could someone from the team explain in detail how you want to accomplish that? The whitepaper does not make this really clear to me. And who are your biggest competitors? As a potential investor I am interested in whom you have to beat and how.

What lending opportunities are you talking about?They wont provide any lending imo or will they do?Please do not confuse me further

Just look into their whitepaper- Let me quote some statements they made in it:

• "Opening peer-to-peer lending opportunities to SMEs"
• "Finding lending opportunities is the biggest problem being faced by our competitors and that puts PayPie
  in a unique position"
• "Access to PayPie platform will be free for SMEs interested in offering credit score analytics on the actual
  financials of their business for better access to the lending market."
• "Transaction verification is an important part of the lending process and demands time and resources for
  the lending firm."

According to those statements lending seems to be the core USP compared to PAYPIE competitors.

[lvsca]

white paper has updated, they remove pegged 1:1
that's a good news for us, cause we can increasing value of paypie

ok but I think that eventually if banks adopt this technology they want a stable currency and in cryptoworld we all know how fluctuations are for coins/tokens

crypto is decentralized, no fluctuation on there, that reason why crypto so volatile. if bank would adopt the technology, they just adopt blockchain.

white paper has updated, they remove pegged 1:1
that's a good news for us, cause we can increasing value of paypie

Was there a statement somewhere why they removed it?

pegged information on page 10 if i'm not wrong before update.

[Elkmar]

This sounds like a really promising project to me. What me makes really exciting compared to all the competitors is that they seem to be able to find lending opportunities. Could someone from the team explain in detail how you want to accomplish that? The whitepaper does not make this really clear to me. And who are your biggest competitors? As a potential investor I am interested in whom you have to beat and how.

What lending opportunities are you talking about?They wont provide any lending imo or will they do?Please do not confuse me further

Just look into their whitepaper- Let me quote some statements they made in it:

• "Opening peer-to-peer lending opportunities to SMEs"
• "Finding lending opportunities is the biggest problem being faced by our competitors and that puts PayPie
  in a unique position"
• "Access to PayPie platform will be free for SMEs interested in offering credit score analytics on the actual
  financials of their business for better access to the lending market."
• "Transaction verification is an important part of the lending process and demands time and resources for
  the lending firm."

According to those statements lending seems to be the core USP compared to PAYPIE competitors.

The question is : Will they act as a third party in those lending ?

Moreover, some changes are being made in the lending market with cryptocurrencies, ETHLend plan to be a major player in the decentralized loan market, it could bring some opportunities for SMEs, it could interest PayPie to work with them.

[Korsakopf]

https://www.youtube.com/watch?v=2ZVWIb6UOjQ

Nice video explain paypie.  Simple way explained paypie. Nice

Very good indeed. Even though i like the project for the long term, a lot of people invest in ICO's for flipping, and you can't blame them since you can make good profits. But if you believe in a project and can wait a year, the waiting will pay off 

[nelson4lov]

Hey guys, The Paypie team is wrapping things up to go for the biggest accounting tech expo in North America - Accountex.

The expo will take place on Sep 7th and 8th, in Boston. Just wanted to give you a peak on what's to come:




About The AccountEx USA Expo:

AccountEx  is the leading independent accounting technology
conference and expo, delivering top- rated content with the most innovative solutions in the marketplace. Explore interactive platforms that will set your business apart while the others
are reacting to disruption. Get ahead of the curve at Accountex USA.

PayPie team will be presenting the First Blockchain Based Accounting platform during the Expo!

Learn about the #AccountEX USA Expo here: https://www.accountexusa.com/

[Trrrt]

Yes paypie can synergize well with a lend compagny. PAYPIE can offer the risk analysis and another compagny can offer the lend. Its a future huge business in crypto. We have lend in fiat currencies, so we will have lend in crypto currencies in a near future. And an acurate risk analysis will be very important if you want to manage a credit company and Paypie can become the first place where credit compagny in crypto came for a risk review.

[kraterion]

white paper has updated, they remove pegged 1:1
that's a good news for us, cause we can increasing value of paypie

ok but I think that eventually if banks adopt this technology they want a stable currency and in cryptoworld we all know how fluctuations are for coins/tokens

crypto is decentralized, no fluctuation on there, that reason why crypto so volatile. if bank would adopt the technology, they just adopt blockchain.

white paper has updated, they remove pegged 1:1
that's a good news for us, cause we can increasing value of paypie

Was there a statement somewhere why they removed it?

pegged information on page 10 if i'm not wrong before update.

You mean like what's happening with Ripple? As far as I know banks are interested on Ripple technology but are not really interested in adopting xrp


Just read the news, nice!

[matjas]

Thats good news about accountex, i wish you will represent your project well so all of us will gain from it
Will there maybe be some video of the presentation?

[Sozialtourist]

Thats good news about accountex, i wish you will represent your project well so all of us will gain from it
Will there maybe be some video of the presentation?

Yes really great news. Such expos offer always a nice opportunity to establish new contacts with potential businesses.