Announcing PayPie Token, PPP, is Integrated and Live in Jaxx
20th October 2017 – Decentral Community Space – TORONTO – Decentral Inc, home of the Jaxx Blockchain Interface and the Decentral Community announced today that the Paypie token, PPP, has been integrated and is now live in Jaxx.
Anthony Di Iorio, co-founder of Ethereum and CEO of Jaxx said that “by introducing the world’s first Ethereum-powered credit risk assessment based on decentralized accounting, PayPie hopes to bring ultimate trust and transparency to the financial market. Supporting PPP in Jaxx will expose the token to over 400,000 active blockchain enthusiasts.”
The PayPie decentralized, blockchain-based platform was built to make the financial information on businesses more accurate and transparent, allowing a better picture of a company’s financial health for credit risk assessment. Anthony continued, “… It’s an exciting project. PayPie leverages blockchain to enable live financial audits, speed up credit approvals, and improve the overall credit scoring processes for businesses. It’s a huge improvement in efficiency for lenders, auditors, accountants, and other financial institutions.”
“Often a company’s financial situation is inaccurate, due to a lack of information and the fact that this information is usually outdated”, said PayPie CEO, serial entrepreneur, and member of the Forbes Technology Council, Nick Chandi. “By harnessing technology – blockchain in particular – we can avoid these issues and make the system fairer both for the businesses themselves, as well as those who wish to access the financial information. Anthony’s participation as a key strategic advisor and the integration of our token into the Jaxx platform are great accelerator to our future.”
Jaxx is a multi-token blockchain wallet that provides a unified experience across 8 platforms and devices including Windows, Apple and Linux desktops, Apple and Android mobile devices and tablets, as well as a Google Chrome extension. The Jaxx wallet enables crypto-to-crypto buying and selling with frictionless in-wallet conversion. Users are always in control of their keys and Jaxx neither holds nor has access to customer funds. Driven by design and user experience and built with simplicity in mind, Jaxx’s mission is to become the interface to the blockchain world.
PayPie aims to bring ultimate trust and transparency to the financial markets by introducing the world’s first credit risk assessment based on blockchain accounting. Founded by Nick Chandi – a serial entrepreneur and a member of the Forbes Technology Council, the platform challenges Experian, Equifax, and TransUnion’s status quo by assessing businesses credit risk profiles through a built-in algorithm that accounts 150 data points from live financial data hashed on the Ethereum blockchain. PayPie is a faster, safer, and smart contract-powered credit scoring and lending platform for banks, lenders, and invoice factoring companies. PayPie solves the problems of fraud and inconsistencies which exist in isolated accounting systems by allowing for real-time audit and analysis of financial statements on the blockchain. This analysis will be done using a decentralized single ledger approach and will consider the all-time historical accounting information of participating businesses to safeguard and transform the way credit risk is assessed by lenders, investors, and other financial institutions. All inputs will be bound to the blockchain in a triple entry accounting structure, which will secure the entire transaction-checking process generating reliable and unbiased data.