I've been in sales for a long time, and I know that businesses will not do
things that other businesses are not already doing. So getting your local business
or a large private business in a local area to all of a sudden adapt
something that isn't already in the marketplace is an incredibly tall order,
and there's no way I think to get around the most basic problem, that is
you're not going to be able to sell the technology to businesses that are
already operating away. You can't go in and say, "Hey, we have this fantastic
community, and we have this great tech, and it's going to do all these wonderful things."
That's just not going do it. Unfortunately, I think the only way
to do this is to get an army of people to walk around neighborhoods going in and out saying,
"Hey, we have this thing. Are you willing to check this out? Are you willing to accept Pi for a
cup of coffee?" This is what you know bitcoin did a bunch of places to get rolling, and I think it was
working. It was very effective, and I have founders coming to me all the time asking, "How can
I get my business out there?" I reply, "There's no other way to do it, except get out there and sell."
So, I think it's going to have to establish immediate value, and that immediate value is
"How can I sell more stuff in my store?" And if we can make it easy for them to
accept Pi and convince them that it's worthwhile to do it for a cup of coffee, even it's
just like a token or a teaser like saying, "Hey, here's a free cup of coffee if you give us two Pi" or something
like that. And then hopefully they'll buy more coffee. One way to get the foot in the door
to then start expanding on what the rest of the Pi community, the app development group,
and all the other solutions that are going to be coming through will do.
So, get boots on the ground. Put the guerrilla army together.
Today, every business is looking for ways of improving efficiency and productivity,
while at the same time reducing the cost. For that strategic collaboration and integration,
only digital currency and fifth generation digital technology will help to achieve the
goal for businesses. I think Pi can co-branding businesses for network collaboration, two (or more
than two businesses) coming together establishes credibility, and each company is able to highlight
and reflect each other's assets. Co-branding gives bigger sales income to the businesses, and also
they can share the brand risks, which can play an important role in making the businesses successful.
Pi can make a business integration strategy where the goal is to synthesize
information technology. With businesses strategy and goals, we can integrate it. We can integrate the
businesses with an ERP system, whereas select a few ERP products that are available in the market
suitable for the clients business' needs and evaluate them to be used by the client,
based on the technological environment and digital currency, where integration
help businesses to expand in size and reduce competition, and allows
companies to expand in new markets creating creating an economic office scale.
Fiat currency are centralized by government authorities, whereas we can make Pi a
fully decentralized currency because it gives more security to the
investors' money for the businesses, which make it easy to collaborate and integrate with their national
businesses, which helped to making an advertisement and co-branding.
How can Pi collaborate now?
I was saying that Pi should consider creating an app that can be used both by merchants and
buyers for retail business. One would just go to a merchant who has the app and collect the items
that they want, and they're given the price the cost, and they would enter
that the merchant's number into the app and the amount they're required to pay and
just click a button, and send the money to the merchant.
This works very much like a debit card system, and it's very effective. We have a system like
that in Kenya, and I suppose other countries have similar mobile-based systems, and this would be
very effective because it's doing very well in Kenya. And globally this could be
amazing because it gives access to all sorts of people from all walks of life, to be able
to shop without needing to have a bank account. All they need is an app that
keeps a record of their Pi within their phone, similar to what we have now in Pi. As long as
my Pi is in the app, then it means I can use Pi to shop. Of course,
merchants need to be recruited for this purpose. The people already exist. We are already
in Pi. Now we need to to recruit merchants into the system, so that they can accept Pi as a
a payment method. And this would be most ideal especially at that time like now
when the merchants and a lot of businesses have collapsed, and they need revival.
And I suppose Pi would come in really handy. Thank you!
I believe that Pi should build his brand, his own brand. For this way, we have to find a way, a
unique trademark for Pi. I believe we should focus on easy transactions and quick
transactions without fees. Maybe integrate some AI projects, artificial intelligence projects.
In my personal opinion, Pi has many upside potentials, but without collaborations, we can
got nothing. We should focus on many collaborations with well-established projects, and
also we should focus on the future, and the future is artificial intelligence. Thank you very much!
On the second question of how Pi can integrate with traditional businesses in the world of
fiat currencies, I believe Pi should create a payment system that not only
provides Pi as a method of paymen, but you should also have options for other methods of payment
that are more popular, like for credit cards, Paypal and the like. This gives
merchants' customers payment options. They are not restricted to just one.
Pi should not attempt to replace the existing payment system, but instead it should
augment the current payment system. So in a payment system created by Pi, the payment methods are
offered by the payment system is Pi, pay with Pi , you pay with Pi coins, then pay with
Paypal or regular fiat currencies, so this creates a balance. So as a matter of fact,
it makes it easier for merchants and customers alike, especially considering that Pi now has
six million users. It makes it easier for them to leverage on this very large network to have
a Pi mobile app on their phone, since they have access to a pool of about six
million people, six million potential customers. So it would be
very valuable if Pi has a payment system that not only provides for payments using Pi
but also provides for payment using other fiat, and other forms of online payments
to make it easier for people to make payments, and to make it more acceptable for both the merchants
and the customers. When you're making payments on this platform, it is easier for you to
change your Pi coins for your dollars, or whatever currency you're using to whatever
it is you want to pay with, just putting every all the forms of payment into one payment system
giving your users options to choose from not necessarily restrict them
to just using Pi coins. They can also transact with other currencies but using the Pi mobile app, and
this is the way to collaborate with and integrate with other businesses with small and large scale.
Hey, this is jazzmiami, a verified Pioneer, and I'm here to submit the video response to
your question, "How can Pi better integrate into the existing world of fiat currencies?"
Well, as Pi reaches its teenager stage, I would imagine the Pi Network to develop
an internal trading platform, let's call it the Pi Network Trading Platform, some sort of ebay,
Amazon, Freelancer, Craigslist directory, where verified Pioneers would buy and sell
their products and services by accepting mainstream cryptos and Pi tokens.
I am 100% sure that Pioneers who already own businesses or online businesses would sell their
products and services and accept Pi tokens as a payment, and vice versa, buyers would buy products
and services with their existing Pi Network tokens on the Pi Network Trading Platform.
If the Pi Network Trading Platform shows recurring transactions and activities for a good year,
in my opinion, this would boost the value of Pi tokens and increase its Pioneers' activity.
In my opinion, that would result in getting the attention of existing cryptocurrency trading
platforms, online banks, Binance, Coinbase Robinhood, Chime, Cash App, and ultimately building channels to
be able to start trading Pi tokens into btcs, eths, ltcs, bonds, and company stocks and fiat currencies.
Therefore, integrate Pi into the existing world of fiat currencies gradually. To reach the fiat world
in a dramatic way at this stage, the Pi Network would have to reach the deal of the century
with any large retailer or service provider, Amazon eBay, Zara. These retailers or service providers
would have to accept Pi tokens as a payment. I would say start with their accessories, if
they approach Pi. I hope all this helped. This is jazzmiami, verified pioneer with the Pi Network.
Pi should be accessible to most of the people on earth, so that
coins to be able to trade for good and services, and Pi should try
to make a wallet that can be accessible without the internet, if possible.
Very good people, most people in Africado not have internet in their phone ,
like the other cryptocurrency, you need internet in your phone to log into your wallet, to see
your balance, and to be able to transfer from one account or another. If it's possible for Pi to
travel from one account another without internet, it'll be very good. That's my opinion.
Pi and other digital currencies are the technologically advanced
currencies that are gradually coming up. The global technological advancement have provided
a benchmark for the global state to be ready to develop as an alternative means of exchange, so the
technological currencies, the digital currencies, can work together with the fiat currencies,
the note currencies, the conventional currencies, which is not necessarily that these
currencies can be competing, rather they can complement each other as a means of the
alternative exchanges, or alternative means of the exchanges for purchasing or
delivering the goods and services. So it is not necessarily that they are the bad competitors.
They can be a very good collaborators, and among each othe,r they can work together
for exchanging the means of the traditional cloud currency as well as the digital currencies. Thank you.
Traditional businesses are still using the cash for the payments. How
can Pi get in touch to this market is by supporting and giving them the facilities for the payment,
like put a barcode everywhere in the market, so when the Pioneers or the customer come to
the market, they're just going to use the barcode for the paymen. So, they're not going to be using
the cash, or they're not going to swipe the card anymore. So, bye-bye cash, and bye-bye strip-card.
So, the best idea to collaborate with other traditional businesses is to list their
product on Pi Network. My idea is to list their product on our Pi App, so when users
purchase that product through Pi App, they will have a greater
discount than other networks, like when you buy a product from Pi Network with Pi coins,
the user will have a greater discount than other networks. So, automatically, it will boost the
usage of Pi Network and Pi coins. And dealing with the fiat currency, I think we
already minimized the fiat currency requirement by this idea, like listing uh the products on Pi Network and users will buy through it.
The future of trading is going to be
all electronic, all cryptocurrency. Nobody is going to use cash or papers in the future because
in this pandemic, the life we live now proves that because dealing with money, touching with
hands is inappropriate. I think we need to approach businesses,
for example, Walmart, Pizza Hut, or Papa John's or all these big companies, you see how
they could work with us, with our community. And after we have some value for Pi,
and if one of these companies accepts Pi, and then that'll be it. Then we
could work with them, and also we need to show them what our community can
provide them if they use Pi, like they're going to have access to
10 million people, and it costs a lot of money to get access to 10 million people.
Also 10 million people are all going to work in a way to make Pi worthwhile
and have some value. So creating committees or liaisons for different groups of people, like
for shipping companies, for groceries, for clothing, for all these companies now,
their mind is open, and they like to use a new technology, new ways of dealing with money,
and to bring more income to their community. And I think by accepting Pi,
it will really improve their businesses and their their profits too.
And I think we need to approach those after the Pi is finalized, or when mining is stopped,
or whenever you get ready, you need to approach these companies.