PayPie (PPP) just announces this coming Monday that they are partnering with Quick Books. Quick Books has an 80% monopoly on all U.S.A. businesses. The popular software runs the majority of accounting software for all businesses. Partnering with PayPie is another huge step in cryptos becoming main stream. PayPie will turn the short term bridge financing on its head.
Many businesses need short term loans to survive. Many of these loans are 90 to 120 day notes. Companies use these loans to make payroll and purchase materials or inventory. When small companies send out product and invoice the product, many customers take up to 90 days to pay. In order to keep their doors open for business, money needs to be borrowed until the invoice is paid. Banks have usually loaned the short term contracts making huge profits. In fact, for many banks, stop gap financing is 70% to 80% of their profits in any given year.
PayPie is about to disrupt that lucrative part of bank lending. PayPie crypto currency and lending program can provide stop gap loans faster and cheaper than banks. If you are a small company, who would you use for funds? Who ever is cheaper and faster. Now that Quick Books is involved, the partnership will be unstoppable.
I expect to see PayPie to be a very strong coin to have in your crypto portfolio. Hope you have some.
images from: paypie.com, merchantmaverick.com