Migrants and their uneducated families in emerging markets and borders have been suppressed for a long time without access to basic, financial or other services. While the world is turning to a super-digital era, this population still prefers cash, as they do not have digital connections and especially ignorance.
Banks, financial institutions and even local investors do not participate in this market because they can not adequately assess the price risk. The lack of a reliable identity system, financial data, unreliable brokers, zero credit history and an unpredictable legal system further limit the available capital for financial inclusion at the grassroots level. Uncertainty and limited access to finance and other financial products paralyze individuals, micro-entrepreneurs, small businesses, stymies and growth poverty. LaLa World is ready to change it.
What Is LaLa World?
LALA World ("LALA") is a healthy ecosystem for underbanked, starting with migrants and their families at home. This ecosystem not only revolves around financial inclusion, it also brings together communities at the grassroots level, solving real life problems faced by this population and using the most advanced technology to bring everyone together.
The basis of this Ecosystem is the LALA Wallet platform. By creating a new peer to peer infrastructure, LALA aims to revolutionize the way individuals, small businesses and micro entrepreneurs transact, make domestic and cross-border payments, borrow money and related products such as insurance, cards, wealth and other common banking products.
What Products And Services Does LaLa World
Wallet LETA
LALA Wallet is your only access to all financial services in the LALA ecosystem. You have lots of top up and cash out options, save fiat or various crypto currencies, with a host of financial services like money transfers, loans, bill payments, cards and other normal banking products at your fingertips. LALA's wallet also lets you share your micro projects globally, lets you raise issues that push underbanked and build your own community, thus creating a true Ecosystem that benefits everyone
The core of this Wallet platform is LALA Tokens which allows unlimited transfers and payments for various transactions and services. LALA Wallet also includes APIs for third-party developers so they can interact with Wallet, access balances, send transactions, invoices, and create other third-party apps at the top. This will further improve LALA Wallet's capabilities and usage. Third Party API business models will create more partners who can distribute LALA Services globally to strengthen this network.
ID LALA - In Blockchain And Under Your Control
The rationale of your Wallet LALA starts with creating a digital identity that you can carry globally - LALA ID. The team at LALA has a vision - to give everyone a digital identity on the planet, starting with migrants and their unfit families. We also believe that if we have to create a truly global ecosystem, then we need a basic identification system that is far superior to the existing ID system. It should be global, but secure, private and available on demand
The LALA team and its partners have worked tirelessly to build a global identity system that includes KYC / AML, biometrics, verification, digitizing notes, cards, national ID systems, etc. This protects your security on the blockchain and gives you the freedom to perform various finances. service, all in one single Wallet. In particular, your single LALA ID will be able to consolidate all physical and digital identities into a secure, private identity, pointing to trusted trusted data sets of individuals, enabling easy individual interaction in the physical and digital world across multiple vertical applications. and praise the existing identity solutions.
LALA Transfer
LALA's management team and its partners are one experienced crew who has been running wallet payments, money exchanges, remittances and loan business for over 10 years in more than 15 different countries. On top of solid experience and great networking, we've also built a great crypto offer - "LALA Transfer", for an efficient, cheaper and faster remittance service globally
Wallet LALA, LALA ID and LALA Token are the major parts of the LALA World ecosystem. LALA Wallet allows smooth onboard, ID LALA creates easy verification, AML / KYC and LALA Token provides a single mechanism for users, partners, money transfer agents / operators, to make quick and cheap transfers into communities within the country as well as across borders
LALA Lends
Peer to peer and micro-lending have declined sharply in the last five years. But if we look around, especially developed countries and companies that have evolved into unicorns while the industry has promised to eradicate poverty, offering low-level loans to people who have historically been financially stranded
The so-called "bottom-of-the-pyramid" solution has resulted in a strategy that many claims do not work and makes poverty worse. This is where the Ecosystem approach becomes very useful. The LALA team has extensive experience in reducing this. LALA World supports individuals and small and medium businesses by offering it
LALA Cards
In LALA Wallet, users can choose to order LALA Card, virtual and / or physical debit (and credit card time to come). As a security measure, we allow users to lock and unlock it via the LALA Wallet App. Furthermore, the user can also set restrictions for his family members and sync all the cards to the same Wallet. This makes our system more secure than traditional credit and debit card systems.
Blockchain and LALA Tokens become very central to this because users can sync multiple cards to the same LALA Wallet, which can then be used as Fiat and Crypto exchange medium without incurring high fees for such transfers anytime. Furthermore, we will also come with a loyalty mechanism associated with the LALA Card, so the more you use your wallet, the more you are rewarded as the holder of LALA Token
LALA Kit
LALA has a unique proposition, especially for areas that have no place where we have developed MVP hardware for greater penetration. It will also be sold at local corner stores, shops and partner locations in the future
LALA Kit is for everyone. Small businesses, grocery stores, unbanked or migrant workers. Purchase LALA Kit from the nearest store or partner location and get into the financial system instantly. No bank integration, no form filling, no long queues, activate your ID and sync with the phone inside, start using, get paid, receive money. LALA kits can also be ordered online and delivered directly to you at a very affordable cost. As a migrant worker, for example, can even get LALA Kit before he boarded a plane from Bangladesh to Malaysia.
Website https://lalaworld.io/
Whitepaper https://lalaworld.io/whitepaper.pdf
Announcment https://bitcointalk.org/index.php?topic=2268691.0
Facebook https://www.facebook.com/MyLaLaWorld
Twitter https://twitter.com/MyLaLaWorld
LinkedIn https://www.linkedin.com/in/MyLaLaWorld/
Slack http://bit.ly/2A66Pdn
Instagram https://www.instagram.com/lalawallet/?max_id=1628242224011612255
Blog https://medium.com/@MyLaLaWorld/
Telegram https://t.me/LaLaWorld
Reddit https://www.reddit.com/user/MyLaLaWorld/
Source: https://medium.com/@New_Mariescha/lala-world-a-new-financial-services-ecosystem-4d47bd971b17
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