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As an EEA member, Crowdz is part of the EEA community of organizations working to advance Ethereum and drive industry adoption. In the Q&A below, the EEA interviewed Director of Payments Marc Meyer about how Crowdz is contributing to the ecosystem to help Ethereum reach its full potential.
Please introduce your company and yourself briefly.
Crowdz is a new kind of invoice financing platform committed to helping small and medium-sized businesses to speed up cash flow by procuring working capital to fund business growth. By connecting buyers and sellers of invoices, Crowdz eliminates the need to wait 30, 60, or even 90 days to receive a payment.
As for me, I have a background in engineering and have been working in strategy, innovation, and product development with a specialization in the payment industry. I am currently running the payment infrastructure at Crowdz and leading our DeFi project.
What first brought you to the EEA, and why did you decide to become a member?
We hold a strong belief that Ethereum will be the main platform in the global financial system and we want to be part of that effort. Our goal is to both help and inspire others with our ideas and learn from market leaders.
What are you currently working on with regards to Ethereum? How will end-users benefit from your work?
Crowdz currently runs on an Ethereum private node and uses it as a ledger for invoice transactions that occur on the platform. We are moving towards using NFTs (ERC-721) on the public chain to track invoices on the platform and conduct transactions.
We’re also building a tokenized invoice financing solution to draw more liquidity to the platform. In deploying this decentralized solution, our plan is to incorporate multiple aspects of Ethereum onto our platform: ERC-20 governance and reward tokens, stable coins, and the ERC-721 invoice NFTs.
Our core focus is helping businesses get paid faster, and our upcoming tokenized solution will help us to continue doing this.
Our main goal is to draw more liquidity by tapping into a new sector, becoming more efficient, and offering more utility to investors. As a result, investors will get good returns from the platform and more SMEs will be able to get access to the cash flow they need.
How will the EEA enhance your organization’s current efforts?
One thing we have noticed while doing this research is that there is a very strong DeFi community, and we are hoping that the EEA will help us design the right standards and achieve scale.
First, the potential exposure from EEA would significantly benefit the growth of our platform while also introducing customers and investors to new opportunities. Exposure to