The document discusses how the coronavirus pandemic has triggered a global economic crisis that could be as severe as the Great Depression of 1929. Small and medium-sized enterprises are particularly at risk due to lack of access to reliable, affordable funding from traditional sources. A new fintech solution called Byppass aims to address this challenge by enabling businesses to bypass banks and securely process invoices and payments directly between clients and suppliers using distributed ledger technology. This could help many small businesses survive the crisis by reducing costs and speeding up the payment process.
5. Solution So easy you can’t believe it
It’s a DeFi solution
Funding Skip banks
I ask my clients to pay
directly to my providers.
His payment promise calms the
provider’s claims and no
expensive funding is needed.
I negotiate with my
clients and providers
conditions way better
than with banks.
We are using DLT to secure the
agreements and payments. A
reliable app helps me to do it 100
times faster, cheaper, and safer
than banks.
Byppass helps you pay
with no cash
In business, as in live, you don’t get what you deserve, but what you negotiate, and byppass is helpful
7. Forward
Byppass
Your client Your provider You
Accept? Accept?
yes
no no
yes
Complete?
yesno
Payment Received?
no no
payed yes yes
Certificate
Rejected
BrowseLogin
Register
Start
Upload
Invoice
Complete
invoice
Success!Received?
Accepted
Workflow of a Byppass
provider
client
9. Photo by Charles Deluvio on Unsplash
Working
Getting Paid
My life is:
This is Ben
10. Photo by Shlag on Unsplash
I pay you as
soon as a
client pays
me Fuck
you
No loans, no
cash, no nothing.
What can I do?
Pay
me
Ben
Pain to pay
Charlie
Ben’s Provider
My life is also a
series of painful
payments
12. Photo by Shlag on Unsplash
I pay you
as soon as
Alan pays
me Fuck
you
Well, I can
byppass an
invoice to
you
Thank
you!
Hey Alan: care for
3% cut by paying
my invoice to
Charlie? Sure,
I agree:
Deal!
Phew!
Saved
Pay
me
Ben
Charlie
Alan
Ben’s Client