Twins From South London Made a Fortune From Cryptocurrency
The Cryptocurrency world has changed the lives of many and facilitates the rise of millionaires even billionaires. Steve and Sam Williams, 39, are just examples of self-made multi-millionaires who created one of the world’s leading cryptocurrencies from their mother’s kitchen. From growing up in a tough neighbourhood in south London to having a net worth of over £40 million in the cryptocurrency business, their story is truly one of success that is worth sharing.
Their parents are originally from Nigeria and immigrated into the UK in the early seventies and have been trying to make ends meets prior to their twins’ success in the crypto market. The twins from Brockley spent four rough years working on building the software behind their Populous (PPT) currency while in the family home.
Steve is a commercial data expert while Sam a computer programmer. Both studied at Prendergast Ladywell School (formerly Crofton Comprehensive) in Lewisham. While growing up, they were involved with street gangs and in 2008, Steve was charged and convicted of obtaining money deceitfully. He served 18 months of a three-and-a-half-year jail term.
He said the experience taught him what it is to be a victim of crime and its impact. He wants to helping youths on the street by providing them with positive opportunities.
The Populous office is located in Mayfair’s Berkeley Square and the brothers are not stopping there as they are also shareholders in Michelin-starred Restaurant Story in London and a London estate agency chain. Sam has also launched two other crypto coins, Zloadr and DocTailor, aimed at legal professionals.
Populous is all about invoice discounting. Its beta version was launched on 1st May 2018. It is a peer to peer (P2P) global invoice trading platform built on Blockchain's distributed ledger technology designed to helps small and medium scale businesses with raising funds or cash flow against invoices from the crypto community.
Populous combines blockchain technology, XBRL (extensible Business Reporting Language) data which is a global standard for exchanging business information, and the Altman Z-score formula that provides three predictive measures: the probability that a business will go into bankruptcy within two years, whether or not a business will default and a control measure for financial distress. With this, Populous has gained a technological and financial edge over its competitors dodging the need to use an external credit reference agency.
It is currently the 54th most popular cryptocurrency in the market according to the CoinMarketCap with a market cap of more than $113 million, a 24-hour volume of about $2,517,546 and a current price of $3.07. It is listed and can be traded on major exchanges such as Binance, Yobit, HitBTC, LAToken, OKEX, Kucoin and IDEX.