To provide liquidity and essential financial services to cryptocurrency investors, LAPO is creating a decentralized platform based on the DASH blockchain. By establishing itself in this relatively new financial arena, LAPO has the potential to disrupt global finance and give consumers greater options over the management of their money.
The financial industry will be among the parts of the economy most impacted by blockchain technology. The trustless nature of the blockchain removes the need for brokers and intermediaries such as banks. Transactions will thus be faster and cheaper, benefiting businesses and consumers. Moreover, the blockchain will provide added security given its immutable and decentralized nature, preventing the altering of the ledger and any single point of failure. By using the DASH protocol with some modifications such as the ability to execute smart contracts, LAPO is positioning itself as a leader in the financial industry. DASH is known as a very fast and efficient blockchain with low transaction fees.
Among the goals of the LAPO platform is developing a user-friendly app that allows users to trade cryptocurrencies and convert them to fiat currencies with ease. The LAPO wallet that can be accessed with Android and iOS mobile devices, as well as desktops, will provide frictionless trading of cryptocurrencies, the ability to send and receive cryptocurrencies, and will give users access to their transaction history, among other features. LAPO will also offer other financial services such as loans to meet the needs of consumers. By providing liquidity and convenience to users, LAPO can serve as a potential catalyst for making cryptocurrencies go mainstream.
For businesses, LAPO will provide payment processing capabilities that will lower the costs of transactions and open up their potential pool of customers. Merchants can download the LAPO app and accept payments in cryptocurrencies from customers that will be instantly transferred to their accounts while avoiding the exorbitant fees charged by traditional payment processors. Additionally, LAPO will provide merchants with analytics that will provide insights into the behaviors and preferences of their customers.
The LAPO Coin (LAX) will be used to provide liquidity to the platform and is used in all transactions. LAX can also be used as collateral for loans. As the platform grows in popularity and use, the value of LAX may rise due to its limited supply based on the blockchain protocol. The LAPO platform will also allow users to create their own unique tokens as a means of exchange.
Currently, LAPO is conducting a presale to raise money for building the platform. The main crowdsale is taking place from May 1, 2018 to June 1, 2018. Cryptocurrency enthusiasts interested in a promising financial platform that uses the DASH protocol may want to look further into this project, given its potential to revolutionize the world of finance.
*I am receiving LAX for the growth of the community.
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