# Overview

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**This litepaper is a living document and will be continually updated as our technologies and innovations become available. The purpose of this article is to outline the initial vision, provide the details that are available today, communicate the full purpose of the project, and continually refine aspects of the PAYINNOV PROTOCOL.**

## 🔵 PAYINNOV PROTOCOL

When in 2008 Satoshi Nakamoto created one of the most disruptive inventions of our era, he was experiencing one of the biggest economic crises in the world, caused by greed and the management of the American financial market. So the creator of Bitcoin created the first cryptocurrency in order to protect the population from the risk of ruin caused by the financial sector.

15 years later the lesson by the financial market is still not learned as we have seen with the failure of SVB (along with Silvergate and Signature Bank, too).

When in 2021 Nadia Domec created Payinnov in France,  developing the solution Payliko backing today the PAYINNOV PROTOCOL, the world was experiencing the biggest inflationary crisis in the modern economy, for the first time in the history of the Eurozone, countries are suffering from the problem of inflation, drastically reducing the current purchasing power of the population. The world's oldest fiat currency in use, the Pound Sterling has also been put in check by the UK's new inflationary policies.



And it was in a country in full economic growth and that has already suffered a lot from the neglect of central banks with high interest rates and large inflationary fluctuations that the Payinnov team and a local brazilian team decided to create its a sister company in Fortaleza, Brazil was chosen not only for its economic characteristics, but also for being a country that is increasingly choosing to use cryptocurrencies as a form of payment that guarantees not only the purchasing power of consumers, but also the savings of merchants.



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> The PAYINNOV PROTOCOL is the bridge between commerce and the web 3.0 economy



This paradox allows us to have a visibility of how the traditional economic model is going to ruin, and along with it will take the population that does not accept to evolve to the new economy of WEB 3.0, today we have the chance to be able to participate in this revolution thanks to PAYINNOV PROTOCOL.
