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A New Foundation With the Blockchain

This is the seventh post in our series "The Money Revolution". If you haven't read the first one, we recommend you start here.

A New Foundation With the Blockchain

So you read the title and you’re ready to run for the hills? We get it – blockchain is a buzz word these days that might seem complex or confusing. The media often associates it with just a few activities, such as cryptocurrency trading or the popular NFT market.

However, blockchain is actually very positive for finance, and already trusted by large institutions and governments alike.

Blockchain itself is just a technology – it’s not a product, or some type of cryptocurrency. Rather products, services, and cryptocurrencies are built on top of the blockchain.

Similarly, we’re using this cutting edge technology to build the revolutionary financial system we’ve been discussing throughout this series.

Demystifying the Basic Operations and Benefits

The bare bones of blockchain are actually simpler than you might think. Let’s take a closer look.

Your basic brick-and-mortar bank maintains a private ledger, or record, of the transactions of their customers. They maintain the security, verify transactions, and are a custodian of your funds within their private network.

The blockchain is a public ledger run by a large network of computers. These computers independently verify and record transactions, which are organized into “blocks”. Blocks are stored forever and are unable to be changed or altered. Since the ledger is public, any attempt to tamper with the data would be immediately visible, which makes the network exceedingly hack- and fraud- proof.

So, anything that requires a record, whether that be a monetary transaction, a contract, or the exchange of a deed, can be recorded on the blockchain in a verifiable, unchangeable, and secure manner.

In addition to the security benefits, the blockchain is a more efficient way to process transactions, as it eliminates intermediaries and increases transaction speed.

How Pebble is Harnessing the Blockchain

We see blockchain as an exponentially better bedrock than the crumbling foundation of modern day banking, and therefore, have built our platform on top of it.

With the power of blockchain, we’re able to cut out middlemen and be a leaner, more efficient business – leading to more APY and cash back for you. Our transaction speeds are much quicker than the old Pony Express/ACH maze, as the blockchain allows for a more direct pathway between payor and payee.

Remember that open ecosystem for your reward points we talked about? Pebbles are the key to aligning the incentives of our team, investors, partners, merchants, and you to build the new global economy together. And it’s all possible because of the interconnected nature of the blockchain.

Best of all, this is all done with an outward structure that looks completely familiar to you: the customer deposits everyday US dollars and Pebble integrates them into the blockchain. You don’t need any new knowledge, skill, or technology on your part.

A Better Way

We believe blockchain isn’t just better on a business and technological level, but it’s also more ethical than the old financial structure designed to prioritize bank profits over customer prosperity.

Our mission at Pebble is to democratize the benefits of this technology so that you can write your own financial story, no matter your income, credit score, education level, or location. We want to open the doors for more people to enjoy this new and better way.

Come join The Money Revolution!

Join The Money Revolution.

Let's build a more rewarding future together.

It's time to start earning.
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Join The Money Revolution.

Let's build a more rewarding future together.

It's time to start earning.
Check your texts for a link to get started.
Oops! Something went wrong while submitting the form.