• Metro Mayor of Liverpool City Region announces £700,000 investment in Peepl.
• The local economy will be boosted by the connection of local restaurants.
• Now local restaurants are able to compete with large food delivery corporations.

Metro Mayor of the Liverpool City Region — Steve Rotheram, happily announces a £700,000 investment in Peepl. This will enable local restaurants to receive new rewards and payments technology.

In detail, the £700,000 investment comprises £500,000 for funding the Peepl infrastructure and team. Likewise, the remaining £200,000 will fund ‘kickstarter’ grants directly for the restaurants. These grants will enable them to start offering incentives to their customers.

With this information, local restaurants will be able to compete with the largest food delivery companies in the sector. Deliveroo and Uber Eats are just a few examples. Peepl is a community-driven, ethical food delivery company.

Technology is actually focused on improving low-carbon delivery methods. The technology connects local restaurants with customers through partner apps. The community will benefit by generating more income through the app, which in turn will help restaurants pay less and receive a reward code.

Food Delivery Giants Help Local Economic Growth

Looking back, in times of the pandemic’s lockdown phase, restaurants mostly turned to delivery and take away orders. These restaurants turned to food delivery companies during the lockdown phase. Most restaurants in such situations had to pay as much as 37.5% to the platform to receive every order.

Here’s where Peepl makes a difference. The same service allows restaurants to cut down on expenses up to half off. More so, Peepl’s software comes with a form of localized currency known as ‘Peepl Tokens’. These tokens can be used to transfer funds between buyers and sellers within the network. It works in this instance between restaurants and customers ordering food.

Peepl also rewards customers. Every customer gets a 5–10% reward based on the order price. Additionally, tokens can be used for covering costs within the Peepl Network. These tokens are locked to the network for between 4-6 years. This ensures that the tokens will be spent within the network to circulate the money within the region’s economy.

Rotheram points out that Liverpool City Region are disruptors. He says they do not aim to follow the crown but rather work to “chart their own course”. He also stated that they are proud of their local businesses, and strive to strengthen community solidarity.

His emphasis is on the following,

Peepl has the potential to radically disrupt the food delivery market by bringing together all those values and injecting a lot more fairness – for riders and restaurants alike – to an industry not known for its treatment of workers.

Meanwhile, CEO & Co-Founder of Peepl — Leon Rossiter, says that most people are opening their eyes now. They see the potential for improvement. Local economies will thrive with the technological advances in blockchain and new business models.

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