Laccoin platform

- August 08, 2018

Introduce the First Laccoin Team first

Chad O.grant
As
Cofounder managing director

Jonathan A. Kidd
As
Chief Operating Officer

Vinit mit
As
Lead developer

Jaspreet singh
As
lead Mobile Developer

Tarhic LFinn
As
AsMarketing Director

Jasmine L. Brown
As
Investor Relations

Image result for laccoin

Laccoin is a crypto currency, supported by Ethereum, which uses a cellular wallet. Individual users will be able to exchange their LAC and LAC tokens with each other through their cellphone wallets or spend their LAC tokens or other crypto currencies through their Laccoin debit cards. Laccoin wallets will be available for download via the iOS or Android market.

The Laccoin project is intended for

helping individuals and legal entities that do not have easy access to traditional banking services in Latin America and the Caribbean.

Very important advantage of crypto currency

for the monetary currency that exists is the speed of the transaction.

Send money to other countries

through the existing banking system requires a lot of time and large commissions are charged for transfers.

The project team believes that using the Laccoin ecosystem will provide people in the region with easier access to financial resources. Blockchain technology.

which is cheaper,

faster, and

safer, is the best way to reach out and include everyone in the region to participate, both in the traditional economy and in the new digital economy in the future. The Laccoin team's vision is to create a viable ecosystem for monetary transactions, which will be a good alternative to the existing banking system.

In 2016

total remittances to Latin America and the Caribbean amount to around $ 70 billion. This figure is very impressive, but this money is deducted by a large percentage of commission for remittances. The Laccoin project is designed to solve this problem. The aim of this project is to create such conditions to facilitate access to banking services for Latin American and Caribbean citizens. Make the money transfer process cheaper. And, finally, making the region part of a large economic community.

The global financial crisis of 2007

causing a reduction in total remittances to Latin America and the Caribbean, where individuals and families depend on financial assistance. Traditional banks charge large interest rates for money transfers, which also affect the decrease in the total amount of money transfers to the region. This situation is exacerbated by the fact that payments sent through international borders by traditional banks are still a complex, slow, and expensive process.

Money transfer is the transfer of money from sender to recipient through a payment system for the purpose of crediting funds to the recipient's account or giving them in cash.

The payment system can be national (in one state) and international (transfer of money from one country to another).

There are 3 parties throughout the money transfer chain: sender, recipient and, therefore, intermediary (payment system operator). To date, there are many payment systems that generate money transfers.

They differ between themselves with translation methods, speed of translation and rates for services provided.

Recently, more money transfers are made using bank cards, in other words such transfers are called "p2p" or "card to card".

Advantages of Laccoin

Cheap money transfers.

Laccoin is an easy way to send international money to other Laccoin wallet holders.

Access to basic banking services.

Access to services and payments using a currency card using a mobile device.

Possible loans.

The Laccoin program covers the ability of regions to obtain microfinance.

Ability to create financial portfolios.

The fund index will contain currencies with high liquidity to provide a financial portfolio that can meet the needs of the LAC ecosystem.

Laccoin debit card.

Each Laccoin wallet holder can apply for a Laccoin debit card that works in conjunction with the wallet. The symbiotic relationship between Laccoin wallets and debit cards or virtual cards gives users access to certain blocking assets, namely ER20 Ethereum, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Laccoin (LAC) and others. Laccoin will work directly with Visa and Mastercard to provide the best options available to debit card users.