Crypto On LYO: The Blend — 2023 Roadmap of LYOPAY, London Hailed as the Most Crypto-ready City in the World, China Spends Millions to Promote Digital Yuan

What happened in the crypto world in the last week? Let’s see some interesting news together!

2023 Roadmap of LYOPAY

The lineup of products, services, and events that LYOPAY will launch in 2023 are all set. LYOPAY Pro will roll out in February!

LYOPAY Pro is a payments application where both cryptocurrencies and fiat currency are accessible in more than 150 countries. Services in the app include Payments, crypto wallets, crypto trading, branded cards, and concierge service.

In the next months, LYOBRIDGE, LYOAGENT, and LYOBANQ will be launched too.

In addition, more updates for LYOPAY, LYOTRADE, LYOMERCHANT, LYOTRAVEL, and more will be implemented this year as well.

There are three different types of physical cards that will be available for purchase in March: aluminum, gold-plated, and solid gold.

For the roadmap, check out the full article here.

London Hailed as the Most Crypto-ready City in the World

According to a research, an examination of eight key data points revealed that London as the world’s most crypto-ready city to entice small to medium-sized businesses, including start-ups.

The key factors included in the study are crypto-specific companies, crypto-related jobs, crypto events, and number of crypto ATMs. Moreover, it also comprises of non-crypto factors such as the quality of life, research and development spending as a percentage of gross domestic product and capital gains tax rate.

In addition, the Bank of England and His Majesty’s Treasury announced that a central bank digital currency must be launched by 2030.

China Spends Millions to Promote Digital Yuan

With the aim to promote the usage of digital yuan or e-CNY, China has conducted around 200 activities and handed out millions of dollars across the country.

Various cities gave away $26.5 million worth of CBDC in different programs such as subsidies and consumption coupons. The Shenzhen local government for example spent $14.7 million worth of e-CNY to fund the catering industry of the city.

On January 16, the city government of Hangzhou gave away $12 worth of e-CNY to each resident for the New Year celebrations, and was taken up within nine seconds. Moreover, the latest update of the e-CNY wallet app allows Android phones to make contactless payments without internet.

Stay tuned for next week’s crypto news! Follow LYOPAY social media pages: