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Byppass concept and use case pdf
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.
Byppass concept and use case pdf
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- 5. Solution So easy you can’t believe it It’s a DeFi solution FundingSkip 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
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- 7. Forward Byppass Your client Your providerYou 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
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- 9. Photo by CharlesDeluvio on Unsplash Working Getting Paid My life is: This is Ben
- 10. Photo by Shlagon 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
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- 12. Photo by Shlagon 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
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- 14. Photo by Shlagon Unsplash RBen Charlie Alan PAID REDUCED
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- 16. ‐ Roadmap June 2020 Hedera 2020 Hackathon Launch of Byppass 0.1, Integrated in Hashgraph, Rossum, and more. November 2020 Rollout of the bytotoken for cheaper byppass fees Open banking oracles for payments July 2021 Rollout out of Europe App launch Byppass 1.0 Payments oracles with byto December 2021 Bypassed 10 billion euro invoices milestone Enhanced international byppass
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