AT A GLANCE Populous is a P2P (peer-to-peer) invoice discounting platform that is globalising what is currently a localised and limited market sector. It is a global invoice trading platform built on Blockchain’s distributed ledger technology.
Invoice discounting is a form of funding that instantly unlocks the cash tied up in outstanding sales invoices. Business owners allow invoice buyers to buy invoices at a discounted rate in order to unlock their cash quicker. Once invoices are paid by the invoice debtor, the invoice buyer receives the amount previously agreed upon.
Populous uniquely connects business owners with invoice buyers on a global scale by leveraging the security, transparency, and speed of Blockchain via XBRL data, Altman Z-score formula, smart contracts and stable fiat-pegged tokens. We will disrupt the traditional invoice discounting system by eliminating the need for third parties or financial institutions by connecting businesses with global invoice buyers directly.
Populous (PPTBTC) Chart Analysis
PPTBTC Long term chart:
Here we can see that PPTBTC hit a low point on the 18 Feb. ’19, which marks a higher low compared to the low back in 4 Jun. ’18.
For the first time since April ’18, PPTBTC is now trading above EMA10.
Biggest volume bar since May ’18.
MACD and RSI curving up.
All these are signals that are pointing to a breakout to the upside.
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