Thanks for the post. I have a technical question. Where is the liquidity pool coming from? It makes sense to me when PPT is being used as a collateral to draw money from the LP to fund the invoice sellers. But to get things started, there has to be some money in the LP to begin with, right? After all, the invoice seller need real money to fund their business, not PPT. This money shouldn't be coming from fiat currency investors since the money they put into LP is 100% used to buy their invoice.
Does that mean the populous team will get banks to provide funding using PPT as collateral? Please let me know if I am getting things correctly. Thanks.
The Liquidity Pool is made up by fiat investors. These investors are wealthy individuals or institutions. Populous does not use banks to provide funding ie. no credit lines are used.