Why do they need it?
In 2021, they processed over $2.8bn in cryptocurrency from 700+ merchants. They spent about $28mn. Staking $CPD will allow them to get a discount and reduce fees by 20% (the discount rate can go up to 40%, if the merchant meets several conditions). That's a huge saving and an opportunity to scale profits.
What does all this mean for regular $CPD holders?
If you bought $CPD at IDO or on DEX, this will be interesting for you. The key takeaway is that most of the 700+ merchants they serve will want to try staking - and they will need to buy $CPD or convert some of their income to $CPD.
Most of the 700+ merchants will want to plunge into staking and will be interested in holding $CPD for a long time to keep discounting. Their interest is not speculative.
As more and more of the $CPD enters the Staking balances, the overall market position of the token will continue to strengthen - and that will benefit all of they holders.
Where to buy $CPD?
Staking and farming are just the first elements of the CoinsPaid DeFi ecosystem.
