Payment solutions for perishable produce are archaic, fragmented and inefficient. This is a sizable and fundamental issue as global consumers rely on the goods supplied on a daily basis. A thread🧵

The new @IPCC_CH climate report emphasizes that protecting and restoring forests and ecosystems will be key to limit global warming to 1.5 degrees– which means we need to sustainably intensify the use of existing farmland to achieve our climate goals. ⬇️

April 20 is #STOPFOODWASTEDAY! Join us for a virtual panel discussion to talk about addressing food waste initiatives and strategies in the entire food chain supply. Register now > https://t.co/kl0TBtKuun

The Riper Impact Show Premiering this Wednesday, April 6th. Joining us for Episode 1 is @growcer a modular food solutions company.

Yesterday we had the pleasure of sitting down with @growcer Co-Founder & CEO, @corey_w_ellis, as well as our own @JamesRIPER7. A number of critical issues relating to the #agriculture industry were discussed. Keep an eye out for the release on all podcasting platforms next week.

Payment solutions for perishable produce are archaic, fragmented and inefficient. This is a sizable and fundamental issue as global consumers rely on the goods supplied on a daily basis. A thread🧵

SOLVING THESE CHALLENGES Aim to: 1) Create a clear, intuitive & user-friendly interface 2) Verify correct conditions are met before releasing funds 3) Deliver payments quickly & cheaply 5) Minimize payment volatility for international payments with USDC

WHY ETHEREUM⧫? The Ethereum network is the longest-standing smart contract chain with highest volume of txns & liquidity. Owners of traditional businesses will seek a level of comfort in conducting txns & nothing can be more reassuring than a proven track record for security.

3) Payments can be tracked on the blockchain - this information is immutable and transparent 4) Payments are quickly received within minutes once all conditions are met 5) The platform will be accessible via computers or mobile devices for user convenience

1) Buyers must first commit funds to the smart contract to trade with the seller, affording sellers peace of mind 2) Sellers must provide documents to satisfy buyers demands, before the sum held in escrow is released

A USER FRIENDLY SOLUTION 🤝 RIPER Lite will act as a neutral services platform to provide an escrow facility, secured by smart contracts. This is desirable for market participants for several reasons;

It is difficult to pinpoint causes for delays when the payment has left a buyer’s account but yet to land in the seller’s account. What happens is opaque for all parties involved and issues are difficult to identify, let alone resolve.

Despite payment departing a buyers account, it can still take several weeks for sellers to receive funds due to banking administration procedures, e.g. the onboarding of a new business customer may require lengthy checks by the bank. This delay can cause significant trust issues

Traditional banks have failed to adequately serve the needs of traders. Key points of friction include high fees for transfer payments & long processing times. Manual input for simple payments can lead to delays due to trivial causes, i.e. payments sent out of business hours.

COMPETITOR LANDSCAPE 👇 The payment provider space for fresh produce trading is currently dominated by banks that failed to innovate in this space for decades. The market is ripe to be disrupted with innovative services and products that put consumer needs in the spotlight.

RIPER Lite facilitates the international payments of buyers & sellers of fresh produce. Through our application, users are enabled to transact with one another on the blockchain using cryptocurrency stable coin payments, 24hrs a day, 7 days/week, 365 days/year.

This is a considerable market opportunity as it has the potential to reshape the current market landscape. RIPER Lite will be the payment solution to help lower friction, reduce payment delays and decrease transaction costs.

MARKET DEMAND 📈 Through market survey, a need for a secure payment gateway has been identified that can increase payment settlement speeds securely with a simple onboarding process to capture users already seeking such a service.

Some good news for the crypto community!

Every farmer who has succeeded in the farming business has learned the skills and practiced them Overtime. Keep pushing.