The PayPie platform (PPP token) is designed to bring “trust and transparency” to the financial sector by implementing its blockchain-powered invoice factoring marketplace and credit risk assessment based on business accounting. PayPie’s current market capitalization is $61,667,760USD, with a single PPP token worth $0.747488 USD.

PPP Token – What Is It and How Is It Performing?

Logically, the PPP’s initial purpose is to provide access to PayPie and its transactions and services. First of all, it should be mentioned that the PPP token is based on the Ethereum ERC20 standard, as Ethereum allows smart contracts. Furthermore, Ethereum is open-source and adopted by a range of global institutions such as Deloitte, IBM, Microsoft.

From the whitepaper:

"Each PPP Token grants the holder the right to access certain services including the purchase of invoices and access tocredit histories of SMEs. Lenders will require PPP Tokens to access the PayPie platform, and tokens can be used to buy discounted invoices, credit scoring data and real-time financial data of an SME."

Currently, the PPP token’s market cap is $61,667,760 USD, with a circulating supply of 82,500,000 PPP. The price of the PPP token has been decreasing significantly, as compared to its highest value - $3.62 USD per single token on January 13.

About the PayPie Project – Mission and Vision

PayPie is creating the first decentralized accounting platform for businesses that will provide real-time insight into financial data to achieve 100% accuracy for a credit risk algorithm meant for global usage. As explained in the platform’s whitepaper, this analysis will be performed with the help of a single ledger.

This approach will analyze all-time financial data of the particular business to assure the way credit risk is assessed by lenders, inventors, banks and any other financial institution. In the meantime, a blockchain-based accounting eco system is being created.

Shortly said, the platform’s core goal is to solve the ever-existing issue of fraud and inconsistencies present in isolated accounting systems. It would help solving this issue by enabling live analysis of financial statements on the blockchain, which would later aid the determination of credit risk in lending operations.

According to PayPie’s whitepaper, this is the first fintech to develop credit risk profile of a business using an in-built algorithm to "constantly adjust it on the Ethereum blockchain depending upon the changes in more than 150 data points".

PayPie Latest News

One of the latest news regarding the platform is its joining the Enterprise Ethereum Alliance (EEA), considered one of the largest open source blockchain initiatives with over 400 member companies. As to why PayPie joined EEA – the platform is aiming to enhance its contributions as a trusted leading enterprise in the blockchain industry, meanwhile supporting the adoption of Ethereum-based technology in the enterprise world.

About a month ago, PayPie announced a partnershipwith the Debitum Network.The business credit risk assessment enabled by the platform’s blockchain technology is about to be adopted by Debitum Network as its dedicated blockchain-based risk score provider for business loans solelyfor businesses in North America.