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Highlights
- Metro Mayor of the Liverpool City Region Steve Rotheram said that he would be investing £700,000 investment (US$955,957) into food delivery service Peepl.
- With Peepl, the UK citizens can save up to 50% discounts that are otherwise typically charged by food delivery platforms.
The popularity and adoption of the blockchain and cryptocurrencies are currently expanding into different sectors of our lives. From art to gaming and now to eating joints, the digital world is revitalizing the way businesses are operating and mode of payments across the world. Government and institutions are recognizing the way they operate, and it is penetrating more and more domains especially in the UK, which, according to a Chainalysis report, has been at the forefront of the crypto revolution.
Also read: Will the $1M bounty add to Tether's headache?
According to the report, Britain is the leading the pack when it comes to crypto adoption in entire Europe and has topped the crypto transactions worth US$170 billion (£123 billion). Therefore, it's not surprising to see that retail hubs are warming up to the crypto and other blockchain-based technologies for day-to-day operations.
Riding high on the trend, Metro Mayor of the Liverpool City Region Steve Rotheram on Monday announced that he would be investing £700,000 (US$955,957) into food delivery service Peepl.
Peepl & blockchain investment
Peepl, which is powered by the Fuse blockchain, boasts of fast transaction speed and low fees. The blockchain-powered food delivery platform will be Fuse's first major venture into a major application designed to benefit local communities.
With Peepl, the UK citizens can save up to 50% discounts that are otherwise typically charged by food delivery platforms through technology and partnerships. Besides, the Peepl platform promises to give up to 5% to 10% discount on each order's value in the form of Peepl Tokens (PPL). The only catch is that the customers will be locked within the network for at least four to five years.
Also read: Why is Loopring Token grabbing eyeballs?
Still in its nascent stage, the program's developer aims to fix the price of PPL tokens until 2025. The token holders would be given the freedom to participate in the network's governance, not just making transactions.
FSA and regulations
UK food regulator Food Standard Agency (FSA) had been conducting pilot programs using blockchain technology since 2018. The pilot was first implemented in a cattle slaughterhouse, where they were authorized to access data to improve issues with the food supply chain.
Mayor Rotheram said that Liverpool would like to be the disrupter charting their course rather than following the crowd. Peepl is hoping that it will be able to benefit riders and restaurants alike and help them chart a new chapter in the food delivery service with its service.
Tags: blockchain, cryptocurrency, FSA, Peepl, Liverpool City, Mayor Steve Rotheram
