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WILDEY, BARBADOS, October 11, 2022 /24-7PressRelease/ -- 5 N 3 Inc., ("PayPie") is announcing a repurchase offer to Eligible Token Holders. The terms of the Offer can be found by visiting PayPie's website: https://www.paypie.bb. The deadline for responding to this offer is November 10, 2022.
"Over the last 5 years we worked hard to develop the technology and improve token usage on the platform, but the wider market is not ready to accept crypto use in day-to-day mainstream applications used by small businesses. We looked hard at the options available to our community and customers and have decided due to significant challenges that an offer to repurchase tokens is in the best interest of all stakeholders at this time. We believe that innovation will continue and will keep our options open as we truly believe in the power and potential of blockchain to support new use cases," said Pardeep Kumar, COO.
"As proven by the survey among token holders, extreme market conditions of last many months have further eroded general confidence among the community about using tokens on the platform and we lack clarity about when the market will be ready," added Kumar.
PayPie has developed a cutting-edge technology platform to predict and assess the financial health of small businesses. Our technology allows stakeholders to provide, support, and build innovative solutions that could alleviate operational challenges, and improve onboarding experiences or cash flow faced by the SMB market. The PayPie Platform's disruptive technology is aimed at reshaping how businesses understand and improve their financial situations and access credit when needed.
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