Hi everyone this is my introduction to Leofinance. Yep a bit lengthy but It's what I have on our website and hopefully some will understand why we joined Leofinance. We are trying to reach actual business owners and use Leo, wLeo. We felt other Hive dapps didn't reach enough business owners. We’re based in Honolulu in the North Pacific Ocean. We import, export, manufacturer, and wholesale clothing and related products, we are expanding into water filtration products, Photovoltaic equipment, and some basic building materials.
What do we want to accomplish ? Being a 100% decentralized company that buys and sells wholesale merchandise Worldwide.
We are closer to Asian airports than the rest of the United States.
We already have trading relationships established in Bangkok, Fukuoka, Hong Kong, Tokyo, Macau, Mumbai (Bombay), New Delhi, Shenzhen, Taiwan. These are important long term relationships.
Regardless of everyone including myself wanting to “manufacturer in the USA” it’s not an overnight thing to do. For one thing robotics may or may not be cost effective for all parts of the USA. Net profitability for factories will take decades at best. Never the less there will be a continued strong push to make this happen. So who will the USA sell to ? probably Asian and South East Asian Countries.
This is where we are focused both buying and selling.
The sheer population alone is a good reason USA Companies should continue to sell to Asian Companies preferably smaller Companies first.
Accepting tokens, alt coins and coins in general will be the new norm, anyone, any company that does not understand this has not been having any actual discussions with Asian Companies.
Our projects that are in a building state are in progress are:
Building a 100% decentralized platform for buying and selling to be used by our us, our suppliers and our customers.
Provide alternative payment methods using tokens, alt coins, coins that will help each unique regional needs. As some remote regions might have a local native token, but we might help buy either buying some of their tokens or accepting as payment. Here again we might be both a buyer and a seller in any particular region.
Some of the issues that are addressed on what we are building are:
Stock Status and how this fits into one of the smart contract sections.
Search methods that include Harmonized coding to help buyers and sellers have ready for import and export paperwork.
Federal Trade Commission number system (RN) and cross linking to help buyers find the owner of a particular brand.
Posting ahead of time the specific tokens, alt coins, coins preferred by a buyer or seller.
Immediate product listings for desired sales within 7 days versus long term marketing.
We see tokens, alt coins, coins having a bigger adoption much faster if there is an easy user interface for both the buyer and seller. And clarity of what is specifically expected from both the buyer and seller. Everyone saw the tremendous success in the use of Uniswap, same thing needs to happen here especially for especially for smaller companies, co-o’s etc. Actual major manufacturing Countries like China and India already have tokens, alt coins, coins that are slowly making into the daily part of buyers and sellers.
We envision that our platform is a place where a buyer or seller can know there will be a supplier or buyer that wants or already has a preferred token or alt coin. Our platform will have that info to speed up the matching between buyers and sellers.
Regulations
IMF
Country
State or Province
So this is where everyone still will have to gamble on. We all know already the World is going to go through a massive reset. So even if your holding crypto that you received as your payment, you at some point will want or need a little bit of your local fiat currency. But as usual regulations will get stricter and so all of the ideas and tools I am writing about are ironically very paradoxical. Big Brother in the end will still be telling me (everyone on the Planet) what form of payment we can use and how and when we can transfer it. So on that sobering statement let’s not give up keep up the good fight, actually this is what it is, a fight for surviving post 2020.
Blockchain - Customer ease of use is Paramount
You will be working with multiple companies who will eventually be connected directly and indirectly to centralized and decentralized systems. Stay focused on keeping the user interface fast and efficient, simplicity wins.
Keep these things in mind……….
Can the user see data they want from the mobile phone ?
Do they have a 3G, 4G, 5G connection ?
Are they viewing this in Asia, South East Asia, African Continent, do they need data shown in metric ?
Is your planned customer service based on Western time zones ? Remember Monday in Asia is Sunday in the West.
Some of the existing issues merchants Worldwide are looking for help with.
Charge Backs merchants of any size in any part of the World need a more direct way to get payments processed without the fear of a charge back so as long as you get paid by a credit card, you’re wide open for getting a charge back.
Currencies, and how Governments can and will either restrict or demand specific currencies be used for a wire transfer.
Duties, tariffs and taxes, there are always new duties, tariffs and taxes being imposed, so which currency your using can really be costly to pay for those duties, tariffs and taxes.
Inflation and hyperinflation are a paradoxical situation, yes there will be more inflation, but at the same time many, many, many companies of all sizes will still be in survival mode through at least 2027 and will be dumping goods or have goods continually “on sale”.
Amazon Worldwide The increases in air cargo will increase by an annual average of 17%. This will actually help Amazon with their new competing shipping division and new 1,000 plus mini distribution centers, let alone their mega regional centers. So logically any merchant of any size in any part of the World has to at some part sell to Amazon or a re seller to get part of those sales. That’s the easy part, the hard part is they will continue to push prices down as their business model has shown, except this is now in other Countries so here again which currency is being used needs to be addressed by the merchant at some point. At the very least a merchant especially small to medium size needs to take this very seriously to be familiar with the basics of how block chains work as well as tokens work is critical.
China not to mention China and how and when they force indirectly the use of their currency regardless if “their currency is digital or not” they will have an additional percentage of the equation that a merchant will need to deal with.
India a similar situation here but in the long run they will also benefit from the use of various digital currencies.
Alternate payment methods can help, learning about using them is Paramount, as they can also potentially provide additional profit if you're holding a specific type of token or alt coin, crypto currency, whatever name you want to use for the most part they will increase in value versus the United States Dollar going down in value.
Transitioning to selling goods using the new methods starts with having an open mind. Selling in other Countries as I have been preaching for so many years is mandatory for manufacturers, importers, exporters, wholesalers, retailers. How you actually get paid is part of the transaction, part of your presentation, part of your product listings if the customer doesn’t understand from the start that your expecting payment in alternative methods your wasting both your and their time. So, if you're on a selling platform that is already promoting the use of alternative payments your already in that realm of where these buyers are.
Advertising and marketing to this forward-thinking buyer or seller will also be in a newer area of publications, authors, bloggers, writers in general that are promoting decentralized platforms, block chains and related technologies. So rather than dump a lot of your hard-earned money on shotgun hoping you’ll reach a potential customer in this newer realm, maybe just start in baby steps. Start writing and making videos about your products that are already on publications department specific to alternative payments and decentralized platforms. This doesn’t cost you anything, in fact in most cases you get paid for your writings and videos.
Positive vibes please
Focus on Positive stuff to balance out your outlook.
Be careful who, where and what you spend your time on.
Negative people add negativity to your subconscious.
Positive people add positive thoughts to your subconscious.
I’m not saying to ignore the realities, instead build up your spirit so you can hang in there and keep going.
I predict that the new methods of trading physical commercial goods will manifest fast, real fast, pretty much all at once similar to the way DeFi just has become a game changer. Payments between manufacturers, importers and exporters will evolve to the use of alt coins, tokens etc. Sending wire transfers will still be used by larger enterprise companies, but smaller companies can adjust faster to the use of alternative payment methods.