The global invoice business is worth $3 trillion. It's probably worth more a lot of people can't do anything because they have no method like this of obtaining reasonable funds to run their business.
Global invoice business is worth more than that.
But over 50% of such amount involves junk invoices that either ends up in default or non-performing for a very long time past its due.
The ones that are high quality is rare in number and companies that have such top performing invoices will not be compelled to sell them away because that would hurt the business relationship between the debtor and creditor.
I bet you don't know all these.
I bet even if I told you so, you would still find ways to refute, to deny, to go against.
Populous is targeting a top quality niche market.
But the team behind Populous may be a bunch of cheat fucks.
You talk about showing faces.
So far the only faces I know is Steve and Jahigrant.
The rest of the team shown during the ICO is no longer showing.
I'm comfortable with the knowledge that the invoice market is not even close to being satisfied by the current financial system. Cryptos can provide electronic banking to anywhere in the world with electricity. The current banking system can only do 20% of the population. Invoicing is similar given that the banks are so bloated and charge way too much to people that actually do things. The inefficiencies of the banks skew the ability for people to pay back the loans. They have no competition so they can charge an arm and a leg. They make people pay a big fee to even sign up for the factoring. A lot of companies would be more profitable in a fair, transparent system. Populous is just the first mover probably because they're smart and have a good idea of what they're doing.
You can go look into this Jack Lee that populous has hired. His Linkedin profile looks very professional. I'm not selling Populous because I know what they're doing.
Debitum is also a no brainer. Hive is a joke because the first whitepaper was really bad.