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Peepl is launching a new payment and rewards app based on the Fuse blockchain, aimed at giving control back to local communities and unbundling large food delivery conglomerates.
This is the first major application in Fuse’s open source money toolkit, designed to unite ultra-local communities via a specially designed shared token.
Peepl takes a community approach to food delivery, connecting local delivery platforms with more sustainable fees to local restaurants and local consumers.
The Peep network begins its pilot projects in the Liverpool City area, supported by a £ 700,000 investment from the office of the regional mayor, Steve Rotheram. He explains:
“In the Liverpool City area, we’re not the type to just follow the crowd. We like to be disruptors; chart our own course and be very proud of our local businesses and community solidarity. Peepl has the potential to radically disrupt the food delivery market by bringing all of these values together and injecting a lot more fairness – for riders and restaurants – into an industry not known for its treatment of workers. “
Peepl rewards its customers by returning 5 to 10% of their order as a reward, in PPL tokens. The tokens can be used to pay for other services in the Peepl network, and they will remain stuck in the network for at least five years. PPL will maintain a fixed exchange rate within local communities, as the Peepl network grows and attracts new partners and consumers. From an initial start in Liverpool, the project has now aligned support from partners in London, Manchester and Milan, with other locations expected to join the community soon.
Peepl’s token model is supported by Fuse, a blockchain network for fast and cheap transactions that support local communities. Its goal is to cut third-party costs for business owners and empower projects like Peepl. Fuse offers under one cent fees and quick code-free setup for projects wanting to incorporate a new token economy into their products.
Fuse also hosts the local UBI GoodDollar project supported by eToro’s Yoni Assia. Most native Fuse tokens are represented via ERC-20 on the Ethereum mainnet and can be transferred from Fuse to Ethereum via a bridge, thus exploiting DeFi and other opportunities in the wider blockchain world. The cooperation between Peepl and Fuse is a natural continuation of their previous experiences.
Mark Smargon, CEO of Fuse, and many of Peepl’s co-founders had previously worked on Colu, the Liverpool-based digital currency that allows people to exchange digital money and pay in stores across the city. The project was created to support the city’s economy and encourage residents to buy and eat locally, reaching over 35,000 users and 450 local businesses who accepted it.
Leon Rossiter, co-founder and CEO of Peepl commented:
“Large delivery apps, alongside ridesharing platforms, extract great value from every transaction that takes place between people who live and work in the same city. I think most people realize that it doesn’t have to be that way. Advances in blockchain technology, along with changing values and laws, mean that new business models are possible for the internet and the local economies we all live in.
Peepl joined the UK’s Financial Conduct Authority’s Sandbox program in February this year and used the consultation to plan its regulatory strategy and international expansion plans. Leon commented:
“This investment will allow us to develop a sustainable and real use of the token in active local markets around the world, from which we can then expand into other verticals such as retail, events and broadcast. digital content. “
Fuse Network is a project and ecosystem comprising a fast and inexpensive Ethereum-enabled blockchain and robust, plug-and-play mobile-centric crypto payment infrastructure.
Peepl Eat is a project born and taking place in Liverpool, UK. His vision is to create a social and financial network that gets people to consume locally and helps business owners eliminate third-party fees. Its heart lies in PPL tokens, collectible and patched until 2025 and supported by Fuse.io.
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