Price info: https://coinmarketcap.com/currencies/populous/
This coin is offered as a representation of a 'factoring marketplace' in which invoices against future collections are sold for cash now. While invoice factoring has existed for decades, this entry is new to the space in how it is being conducted.
By employing the use of smart contracts across the Ethereum blockchain, Populous is creating a distributed market for factoring at a level that eliminates many of the costs in the process.
Further their approach is designed to widen the marketplace to include small businesses at many levels who are not being served within traditional channels for invoice factoring.
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