LYOPAY Company Meetup September 2022: Important Insights and Future Roadmap

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The LYOPAY team is pleased to announce some major happenings within our ecosystem. Thank you for staying connected with us and being a part of the journey.

  • LYOPAY will be a part of the upcoming Future Blockchain Summit 2022 to be held in Dubai World Trade Centre from October 10 – October 13 as a Strategic partner.
  •  LYOTRADE plans to launch a new crypto to fiat on-ramp facility that will support 55 fiat currencies.
  • LYOTRAVEL new services including low-cost airline and hotel bookings are now available, with plans on a strategic partnership with Uber.
  • We are building a new ecosystem exclusive for decentralized services: L-Finance, with its native token, LFi.

LYOTRADE with Amit Sharma

LYOTRADE’s Product Manager, Amit Sharma, talked about the latest IOS app and BRL BIX launch as well as EFT trading facilities as he aims to introduce more regional payments such as DeFi wallet compatibility. Amit also discussed the recent launch of Sub-Accounts access. Terming it as a “break-through facility”, this enables both personal and business users to open a sub-account without the need to go through the compliance formalities.

With a plan of action to launch a new crypto to fiat on-ramp facility that will support 55 fiat currencies, Amit reassured that it will hold the lowest processing fees for users and will provide the fastest transaction time through seamless payment mechanism.

Future plans include upgrade releases in third and fourth quarter and implementation of additional language support on LYOTRADE.

LYOTRAVEL, LYOWALLET and LYOMERCHANT with Mert Mamo

Mert Mamo, LYOTRAVEL Product Manager, was delighted to share the news of partnership with IBO – one of the biggest companies in the world to provide hotels and low-cost airlines, indicating that customers can now enjoy these services in LYOTRAVEL.

Additionally, Mert discussed the benefits of LYOWALLET’s NFT storage, along with announcing the addition of 15 new cryptocurrencies into our ecosystem per month.

With reference to LYOMERCHANT, Mert enlightened the viewers about a unique feature that allows users to send crypto without sharing the crypto wallet address.

Roadmap includes more emphasis on security with services such as Face ID, Session logout, and more. Addition of more currencies as well as destination address double-check is also part of the plan of action.

Compliance with Solandia Jurdi

Head of Compliance, Solandia Jurdi, laid emphasis on the new compliance checklist for DeFi including advanced smart contract solutions.

Plans for Quarter three and four include building an AML framework for our DeFi ecosystem, developing a unique and secure system for our clients, integration of DeFi tailored AML third-party providers, and more.

Legal with Baiba Broka

According to Baiba Broka, LYOPAY Legal Advisor, the evaluation of the events that occur in the blockchain technology allows us to step-up in our game. As the blockchain ecosystem keeps transforming, she stated how LYOPAY incorporates self-regulation looking at the past and current market trends, laying emphasis on DeFi and CeFi, and the legal challenges that we tackle.

Development with Alessio Vinassa

LYOPAY’s Business Accelerator Manager, Alessio Vinassa, initiated his discussion with milestones stating the LYOPAY ecosystem now has over 150,000 customers and closed around $255 million in the month of August.

He mentioned about the upcoming listings for LYOCREDIT token in the next three months, stating that we will be listed in four exchanges including EXMO, Bitget, PROBIT, and one of the top 10 exchanges worldwide, to be announced soon.

Alessio stated that the LYOPAY pro application launch will be around October/November 2022. He also talked about the launch of Virtual Cards in LYOTRADE, and LYOPAY’s new product Stablecoin – its features, benefits, and much more. Lastly, Alessio announced the official launch of L-Finance Ecosystem, the decentralized ecosystem, with L-Cloud Minting and L-PAD services. More information are available here: https://docs.lfi.io/

Conclusion

LYOPAY continues to serve the crypto community with the best of products, services and facilities, and aims to complete the cryptocurrency ecosystem with one-million users worldwide by 2023. As our CEO, Luiz Gòes, shared with us during the LYOPAY Company Meetup: “LYOPAY will take us to that brilliant future where crypto is everyone’s medium of exchange.”

Make sure to join us at the Future Blockchain Summit 2022 to be held in Dubai World Trade Centre from October 10 – October 13.

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