On Monday, Metro Mayor of the Liverpool City Region Steve Rotheram announced a 700,000 pound ($955,957 USD) investment into blockchain-powered food delivery service Peepl. The software aims to act as a cost-efficient alternative to food delivery giants for local restaurants.
Peepl claims that it can save restaurants up to 50% on commissions typically charged by food delivery platforms through its technology and partnerships. In addition, the Peepl platform promises to give consumers back 5% to 10% on each of their order value in the form of Peepl Tokens (PPL). However, they will be locked within the network for at least four to five years.
According to its website, its developers propose to fix the price of each PPL token until 2025. On top
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