LACCOIN

UPIK05

INTRODUCTION

Laccoin is an Ethereum-backed cryptocurrency that uses a mobile wallet. Individual users will have the option of exchanging their cryptocurrencies and LAC tokens with one another through their mobile wallet or of spending their LAC tokens or other cryptocurrencies through their Laccoin prepaid debit card. The scope and range of Laccoin will make it the first cryptocurrency or token to bring Latin America and the Caribbean under a single monetary jurisdiction.

Laccoin wallet will be available for download via IOS or the Android marketplace. With the use of the LAC card, individuals and businesses will be able to operate in the new Latin American and Caribbean digital economy from their mobile device. However, the full benefits of Laccoin will only be apparent once a person can use the token in the same way that he uses other fiat currencies or fiat back debit cards for everyday payments.

Our intention is not to go head-to-head with the traditional banking services but to ease the burdens of individuals and businesses that do not have easy access to traditional banking services in the LAC region.

In the common money transfer chain, There are 3 participants: the sender, the recipient and, accordingly, the mediator (the operator of the payment system). Today there are many payment systems that carry out money transfers. They differ from each other by the method of translation, the speed of translation of services provided.

In 2016, the total amount of remittances to Latin America and the Caribbean was about 70 billion. Usd. The United States. This figure is impressive, but this money has been withheld quite a large percentage of the Commission for money transfers. The Laccoin project is designed to solve this problem. The aim of the project is to create such conditions to facilitate access to banking services for citizens of Latin America and the Caribbean.

Laccoin is a cryptocurrency supported by Ethereum, which uses a mobile purse. Individual users will be able to exchange their crypto and tokens with Lac on each other via their mobile wallet or spend their tokens in Lac or other crypto via their Laccoin debit card. Laccoin Purse will be available for download via IOS or Android-market.

A very important advantage of cryptocurrency over the existing currency is the speed of transactions. Sending money to another country through the existing banking system takes considerable time, and a large amount of the Commission is charged for the transfer. The project team believes that the use of the Lakkin ecosystem will provide people in the region with easier access to financial resources.

Blockchain technology, which is cheaper, faster and safer, is a great way to reach all the participants in the region to participate in both the traditional economy and the new digital economy of the future. The vision of the Lakkin team is to create a viable ecosystem for money transactions, which will be a good alternative to the existing banking system.

Advantages of Laccoin

Cheap money transfers. Laccoin is an easy way to send international money transfers to other laccoin purse holders.
Access to basic banking services. Access to basic banking services and a new payment system using cryptocurrency cards using mobile devices.
Possibility of crediting. The Lakchin program includes the ability of the citizens of the region to receive microfinance.
Possibility to create a financial portfolio. The index fund will contain cryptocurrency high liquidity to provide a reliable financial portfolio that meets the needs of the LAC ecosystem.

PRODUCTS LACCCOIN

LACCOIN Wallet

The LAC Wallet is the answer to the lack of fund mobility and other fi nancial limitations described earlier. Through the use of the smartphone, users will be able to send money freely to other individuals and businesses across the LAC region. Given a choice of debit cards, users will have the facility to not only pay through their wallets or a QPR code, but also to purchase items at millions of points of acceptance online and at crypto-friendly stores. They will be able to use either LAC tokens with their wallets or other multi-currencies that the wallet will support.

ADVANTAGES

Multi-asset (any blockchain asset compatible with and accepted by the Laccoin Wallet)
Assets remain in cryptocurrency in Laccoin Wallet
Know Your Customer (KYC protocols) for customers
Decentralized and trusted storage
Tips tailored for individuals to reach their fi nancial goals
Strong Security features to control the physical & and virtual card
Mandatory Two-factor authentication (also known as 2FA)
Access to P2P Loans

Currenncyy Supporeted : LACCOINS ETHEREUM BITCOIN

Debit cards

Each user of Lakejnskogo purse has the ability to apply for the card Laccoin, which works in Konunde. At the same time, if you plan to use these cards, you can access people in the registry of LAC, not virtual maps, namely physical maps.The symbiosis between the purse and the cards laccoіn Debit or vіrtual gives the user access to the certified block assets: Supported Er20 Ethereum, Bіtcoin (BTC), Ethereum (ETH), Litecoіn (LTC) and LACCOIN (LAC) or other publishing book assets, that are required.

Laccoin Purse can be financed through the bank. In addition, non-bank and non-bank users can download their wallets from the ATM, from which the funds can be additionally transferred to the Laccoin purse. Laccoin will work with VІSA and Mastercard to provide the best availlable options for users of the LAC maps.

Laccoins Loans

Individuals have the ability to do small peer loans (P2P).
The combined groups of persons with high credit ratings have the possibility to make small peer loans (P2P).
Persons with high credit ratings can apply for credits from Lakkoinov.

The welfare Fund of the Lach Union

The fund will be a fund with a kriptovaljutnym index, which stores highly liquid crypto currencies.
The social Welfare Fund will be open only to the holders of varnish tokens.
The owners of the LAC will have access to a regulated, diversified, well-managed and controlled Kriptovaljutnosti portfolio.