PayPie Issues Updated Whitepaper and Audited Financial Statements with Rescission and Restoration Offer. PayPie Blockchain, Inc.
08 Jun 2019, 04:04
PayPie Issues Updated Whitepaper and Audited Financial Statements with Rescission and Restoration Offer
PayPie Blockchain, Inc. has published an updated White Paper following its pre-ICO that occurred on October 8, 2017. The updated White Paper was prepared following discussions with the British Columbia Securities Commission and includesPayPie's current business plan and audited financial statements. In connection with the updated White Paper, PayPie has agreed to make a rescission and restoration offer (Offer) to Eligible Purchasers who participated in the pre-ICO. The terms of the Offercan be found by visiting PayPie's website:
"We truly believe in the power and potential of PayPie, and will continue to focus our energy and resources on supporting positive developments for PayPie around the world," said Nick Chandi, CEO. "While the current market volatility and regulatory environment have resulted in significant challenges for crypto companies, we believe that the PayPie platform demonstrates a business use case that will be part of the next wave of crypto companies that bring the token economy into mainstream application and use. We appreciate the efforts of the Commission in guiding us through this process and now look forward to putting all of our efforts and resources into building the PayPie business. I am deeply grateful to our token holders for their patience and continued support, and am thankful to our legal team at Farris for their continuous engagement in a challenging regulatory environment. We believe that the Offer is the most expeditious way for PayPie to continue to advance its goal of launching a fully developed and operational platform for the use of PayPie tokens in the emerging crypto and token economy."
PayPie is developing a distributed ledger technology platform aimed at providing token holders and business owners with a disruptive technological tool that it believes will reshape the way in which businesses finance their growth. The PayPie Platform's disruptive technology is aimed at reshaping the way in which businesses understand and improve their financial situations and access credit when needed. PayPie will be launching several targeted campaigns to facilitate the onboarding of future customers following completion of the Offer and public launch of the PayPie Platform. PayPie invites users to continue to visit its website to stay informed as it begins the next chapter of the PayPie vision.
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108 Jun 2019, 05:19
Open Letter from PayPie CEO
Dear Community,
This letter follows our recent news of publishing a revised whitepaper with updated disclosures after the completion of our regulatory process. Our updated whitepaper published at sets out our continuing business plans and contains audited financial statements. This is something not so common in the crypto domain and we strongly believe that these documents provide important elements needed to protect the interest of token holders.
We are thrilled for being one of the first few companies in the world, possibly among the first ones with Canadian founders, to have reached a positive regulatory outcome that will allow PPP tokens to operate at full potential as utility tokens. This is outstanding news and it will open countless doors for the platform, not only in the accounting and financial space, but in the crypto world as well.
The wait was long, but the rewarding times are arriving and our platform will now proceed on its mission of helping businesses worldwide access better financing opportunities, as well as improve their financial health through our innovative risk assessment capabilities. We are solving a real business problem faced by millions of companies out there. With the hundreds and hundreds of SMEs already signed up to the platform, and the many more that are likely to join, all of our platform capabilities will be explored to ultimately maximize token usage.
PayPie will execute on several targeted campaigns with the official public launch of the PayPie Platform, including initiating the process to set up first credit hub. We have a very clear vision for the path ahead and for building strong partnerships with global credit hubs in different jurisdictions. Once Credit Hubs are introduced, invoice financing will become a strong engine for the growth of PayPie platform with support of the crypto community. Credit Hubs will bring liquidity to businesses by enabling for access to funds when most needed. Essentially, PPP tokens and token holders will act as the power boosting the entire engine.
Finally, as we complete the process and platform goes live, we will start the process to list PPP token on legitimate global crypto exchanges. As common with major exchanges, we will not be able to share further details on the token listing status, but rest assured that steps will be taken in the right direction. Having PPP tokes listed on crypto exchanges and available for purchase to use on the PayPie platform is crucial to facilitate and expand our reach to the wider crypto community. Increasing the visibility of PayPie in the run-up to its public launch is one of the main objectives of our global team.
While our work is not done yet, we are one very important step closer to deliver on our vision. The PayPie platform is finally on its most promising track for success yet and it is all because of your passionate support throughout this time, so we truly thank you for everything.
You, dear community, are the best supporters any platform could have asked for.
Cheers,
Nick Chandi
CEO, PayPie Blockchain, Inc.
Open Letter from PayPie CEO. Dear Community,.
Open Letter from PayPie CEO
Dear Community,
This letter follows our recent news of publishing a revised whitepaper with updated disclosures after the completion of our regulatory process. Our updated whitepaper published at https://www.paypie.bb sets out our continuing business plans and contains audited financial statements. This is something not so common in the crypto domain and we strongly believe that these documents provide important elements needed to protect the interest of token holders.
We are thrilled for being one of the first few companies in the world, possibly among the first ones with Canadian founders, to have reached a positive regulatory outcome that will allow PPP tokens to operate at full potential as utility tokens. This is outstanding news and it will open countless doors for the platform, not only in the accounting and financial space, but in the crypto world as well.
The wait was long, but the rewarding times are arriving and our platform will now proceed on its mission of helping businesses worldwide access better financing opportunities, as well as improve their financial health through our innovative risk assessment capabilities. We are solving a real business problem faced by millions of companies out there. With the hundreds and hundreds of SMEs already signed up to the platform, and the many more that are likely to join, all of our platform capabilities will be explored to ultimately maximize token usage.
PayPie will execute on several targeted campaigns with the official public launch of the PayPie Platform, including initiating the process to set up first credit hub. We have a very clear vision for the path ahead and for building strong partnerships with global credit hubs in different jurisdictions. Once Credit Hubs are introduced, invoice financing will become a strong engine for the growth of PayPie platform with support of the crypto community. Credit Hubs will bring liquidity to businesses by enabling for access to funds when most needed. Essentially, PPP tokens and token holders will act as the power boosting the entire engine.
Finally, as we complete the process and platform goes live, we will start the process to list PPP token on legitimate global crypto exchanges. As common with major exchanges, we will not be able to share further details on the token listing status, but rest assured that steps will be taken in the right direction. Having PPP tokes listed on crypto exchanges and available for purchase to use on the PayPie platform is crucial to facilitate and expand our reach to the wider crypto community. Increasing the visibility of PayPie in the run-up to its public launch is one of the main objectives of our global team.
While our work is not done yet, we are one very important step closer to deliver on our vision. The PayPie platform is finally on its most promising track for success yet and it is all because of your passionate support throughout this time, so we truly thank you for everything.
You, dear community, are the best supporters any platform could have asked for.
Cheers,
Nick Chandi
CEO, PayPie Blockchain, Inc.