Press Release (ePRNews.com) - TORONTO - Nov 24, 2017 - The migrant and their unbanked families in emerging and frontier markets have been suppressed for the longest time without any access to basic services, financial or otherwise. Approximately 2.4 billion people in poverty worldwide are often excluded from free movement or basic rights which often leads them to corruption and crime, including slavery, human trafficking and in extreme cases, death. Migrants far too often are denied basic financial tools.
LALA World (“LALA”) is a wholesome ecosystem for the unbanked, starting with the migrants and their families back home. The ecosystem not only revolves around financial inclusion but also bringing together communities at the grassroots level, solving real-life issues faced by this population and using the most advanced technology to bring everyone together. The base of this ecosystem is the LALA Wallet platform. By creating a whole 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 associated products like insurances, cards, wealth and other general banking products.
LALA World (“LALA”) develops an Ecosystem for migrants globally. Source: LaLaWorld.io
“LALA World (“LALA”) is all about migrants and their unbanked families. Its an ECOSYSTEM enabled by the LALA Wallet as a PLATFORM, a single sign-on platform revolving around their issues and problems. Employment issues, digital IDs, communities build-up, government and NGO partnerships, health issues, and of course, a new financial ecosystem for the huge under-banked population by capitalizing on the Blockchain revolution to bridge the gap between cash, digital and the crypto world because they are not able to adequately assess price risks. Lack of reliable identification systems, financial data, unreliable intermediaries, zero credit history and unpredictable legal systems further limit the capital available for financial inclusion at grassroots. This uncertainty and severely limited access to financing and other financial products cripples individuals, micro-entrepreneurs, small businesses, stymies growth and entrenches poverty.
By creating a whole new peer-to-peer ecosystem, LALA aims to revolutionize the way individuals, small businesses and micro-entrepreneurs transact, make payments, borrow money and associated products like insurances, domestic and Cross-Border remittances, cards and other general banking products.
LALA World Products from their Ecosystem
LALA Transfer – A Peer-to-Peer local and global remittance backed by crypto as well as fiat.
LALA Bill Pay – Local and International bill payments for you and your family.
LALA Lends – Domestic and International peer-to-peer lending via crypto and fiat, individual and small businesses.
LALA Card – Crypto and Fiat card synced to your Wallet and usable at millions of PoS globally.
LALA Kit – Contains a mobile phone with pre-loaded LALA Wallet, LALA Insurance, LALA Card, partners’ products, etc.
ICO Pre-sale – Nov. 25-Dec. 15, 2017 (discounts available).
ICO – Jan. 5-Feb. 5, 2018
Writer: Gerry Barja Source :