At Populous World, we believe that an enjoyable way of seeing your money grow is by combining investment with empowering SMEs and entrepreneurs. Providing SMEs with necessary working capital enables new opportunities, plan for growth, free up time to focus on core business activity and maximises sustainability. In the face of today’s investment climate, using a stablecoin to purchases invoices is a unique and effective way of boosting your investment portfolio.
What is USD Coin (USDC)?
USDC is a token pegged to USD – 1 token is worth exactly 1 USD. The value of USDC stays stable against USD – thus giving it the term a ‘stablecoin’. Unlike bitcoin or ethereum, a USDC is meant to represent a single US dollar (USD) that does not move up or down relative to its reference currency. Unlike traditional cryptocurrencies, USDC doesn’t have a volatile movement, meaning you can find opportunities and other use cases in using the token whilst hedging against the volatility of the crypto market.
If you currently hold USDC and want to protect yourself from the fluctuation in prices of cryptocurrencies without exiting the crypto market entirely, you can now convert your tokens to USDC.
Investors from all parts of the world can easily trade USDC on Coinbase prime and pro. The purchase can be made from Coinbase’s web-based application, Android and iOS app. After completion of the purchase, the USDC tokens are seen as available assets in the wallet used by the customer.
One advantage of a blockchain-based digital dollar like USDC is that it is easier to program with, to send quickly, to use in dApps, and to store locally than traditional bank account-based dollars. Hence why it is considered to be a confident step towards a more open financial system.
However, unlike banks, USDC does not provide you with any benefits, with this in mind, Populous World offers a creative opportunity to make a return for users that purchase USDC.
Process steps of using USDC on the Populous Invoice Platform (PIP):
Create and deposit Fiat (GBP, EUR, USD) into your Coinbase account.
Using your deposited money, purchase USDC from your Coinbase account.
Once you have obtained USDC, transfer them to your PIP wallet address.
Once you have transferred USDC to PIP account, you can purchase GBPp which is required to purchase invoices with.
Finally, find open invoices, bid and start earning returns every 30* days!