In our last ecosystem project progress updates post, we brought the latest on GoodDollar, and today we’re talking about Peepl. Peepl uses Fuse to empower communities and create more robust local economies. Read on to find out more.
It’s officially “in it for the tech” season, which suits us well as we’re here for the tech, the real-world use cases, and the long-term impact! Let’s dive deep into how Peepl uses our blockchain system to support real-world applications.
In our ecosystem, crypto isn’t just a speculative digital asset. We are working to improve how we make financial transactions and do business with each other.
We’re probably preaching to the choir here. You’re already familiar with digital money, smart contracts, and decentralized finance. But crypto needs to be easily accessible in the real world to gain mass adoption. Until your parents can use blockchain without even knowing they’re using blockchain, we haven’t made it yet.
Peepl is doing just that, so if you’re in it for the tech, the freedom, maybe even the revolution, then you’re in the right place.
Work-to-Earn or Work-to-Make-The-Rich-Richer?
It doesn’t take an economist to realize that the economy isn’t looking so hot now. Not just because stock and crypto prices are down, Sri Lanka can hardly afford to power the country, inflation is around 9% in the UK, and the rich keep getting richer while the rest of us don’t. Corporate responsibility starts to seem like a joke.
During the Covid lockdown period, we saw one of the most significant wealth transfers in recent history, from the poor to the already very rich, more like trickle-up economics.
No matter how hard we try, we can’t avoid engaging with the “bad guys.” We might not want to, we prefer to shop local, but the big companies always seem to win on convenience and costs.
If only there were a way to use blockchain technology to create a fairer and more local economy…
Rebel against the machine
Peepl are “giving businesses a chance to fight back” against a system that has “killed the little guy and destroyed local economies.”
Peepl is rewriting local economics. No more lining the pockets of the rich. No more losing money to big financial institutions. No more relying on greedy financial service providers.
They might be the new kids on the block but they are bringing a game-changing solution.
Build the economy you wish to see in the world
Peepl is using the Fuse Network blockchain and Fuse’s B2B infrastructure to change how businesses and customers interact. Previously, being “good” or buying local has been inconvenient. You want to support local businesses, but it’s not easy. The tech giants are just more convenient and easier to use.
Peepl is turning this paradigm on its head. Their solution is convenient, has cheaper transaction fees, and rewards businesses and customers.
It’s simple and easy to use. So simple your parents and normie friends can use it without even knowing that they’re using blockchain. They’ll just think they’re ordering veggies and getting rewarded for it. Only you, an early adopter, will know that smart contracts, nodes, and a virtual currency lie behind the scenes.
What about the fundamentals?
What excites me most about Peepl is how the provision of blockchain technology and local rewards systems can increase the resilience of local communities. I believe local businesses are stronger together and keeping more money circulating through independent businesses is critical to helping our high streets and cities thrive in the digital age. This could also have exciting implications for local purchasing power and improving the sustainability of supply chains
— Verity Hall, Founder of vegi
Peepl not only has solid fundamentals and a strong team, but they also support local communities regarding their fundamentals. A blockchain solution for age-old problems!
Peepl is more than just a digital currency or blockchain company. While it uses these technologies, its real purpose is to change the relationship between businesses and customers. Financial institutions and big companies extract value from their employees, customers, and communities. Peepl is doing the opposite and is instead returning value to the community.
They are partnering with various local businesses, including The Guide, the largest independent media company in their region. Your Gaff, a letting agency, vegi a vegan delivery service; and Shocal, a delivery service. It doesn’t get more fundamental than food and shelter!
How does it work?
Peepl uses a mix of fiat and digital currency. You make a payment just like you typically would using your card, and the smart contract gives you Peepl token rewards. You can use blockchain infrastructure without knowing that you are. Onboarding is simple and smooth, and you don’t need a digital ledger or wallet to start. The underlying Fuse Network blockchain is fast and cheap, making transactions efficient and quick.
Rewards are designed to be spent in the community they were earned. So, customers are incentivized to keep their resources local and spend within the community. As Your Gaff founder Tolulope Arobieke puts it, “Peepl is paving the way through tech for new businesses to have a positive impact on the local economy.”
Together we can create a peer-to-peer economy that is fairer and more transparent.
Fuse invests in Peepl
We are pleased to partner with and support Peepl’s mission to empower local economies. Building long-term sustainable relationships with ethical and innovative projects are our high priority. With this in mind, we have agreed on a token swap with Peepl, where they received $FUSE to help power their project, and when the $PEEPL token launches, Fuse will receive a portion.
We are committed to supporting the builders on our blockchain and creating change in the “real world.” We are thrilled to have partnered with Peepl.
How to get involved?
If you are bullish on using blockchain applications and smart contracts to make the world a better place, we invite you to connect with us via our website, Discord, and Twitter, and to follow Peepl on Twitter and check out their website.
They are gearing up for their official launch of the Vegi app in September, with Shocal already being active since January 2022. They’re taking everything we thought we knew about the business-customer relationship and turning it on its head!
If you’re in the Liverpool area, you can be part of the launch and start using their services. If you want to bring this technology to your business and community, please contact the Peepl team via their website. You can also grab one of the remaining slots in the Peepl 100 program, in which 100 trailblazers can access the Peepl app and enjoy lower fees and other perks.
The Fuse blockchain was built to provide blockchain infrastructure for open-source money, so we’re thrilled to support and partner with Peepl. We can’t wait to see what the future holds!