Use a Global Wallet with Local Partnerships
The world ‘Lala’ means to be happy — in our organisation, this is the quintessence of what we wish to capture. Financial happiness, financial accessibility, and the financial freedom are at the core of our beliefs for two billion people are our target. Lala World focuses on migrant workers and their families.
This ecosystem is created by Lala Wallet that forms a platform to serve unbanked families within migrant communities. It’s singular platform that allows this seamless process to take place. Migrant workers are an emerging frontier market that has received much focus over the years as they have been a devoid part of society. They don’t have access to basic human rights, services or any form of financial freedom.
What really happens to this social segment because of negligence? There is estimated 2.4 billion people around the world who aren’t allowed freedom in their movement, finances, and rights and are subject to crime, corruption, slavery and human trafficking. This leads to rape, suicide and death.
There is a risk involved for banks and financial institutions; therefore, they are unwilling to participate within these markets because they are not able to foresee the risks that could lead to the destruction of their business. These migrant workers don’t have recognizable identification, legal backing and financial data that can help them to work with regular banking institutions. Since they have no credit history, they are not even able to apply for loans for homes, mortgages, and even small businesses.
For many years, the present financial system has been very rigid, lacking any form of leniency. It has been centrally controlled despite the many requests and changes to make it more like CHIPS or SWIFT, for many domestic and international payment systems. However, this has not been possible. These minority groups have been suppressed for years now, making this transition to a good life a very difficult one.
With this new peer system which functions as an ecosystem, you will now revolutionize the way in which people perform their functions of making payments, borrowing money, looking into healthcare and insurance benefits, support micro-entrepreneur and change the way they live. From oppression to Lala living.
The Lala World has 5 Distinct Products it uses as it is part of an ecosystem. They consist of 5 different tools:
- Lala Transfer which is their system of peer-to-peer remittance that has the backing of crypto transaction
- Bill Pay from Lala
This will enable you to make financial transactions for both your family and you in one seamless process.
- Lala Lending
This is the component in which you can lend to peers, however, it will crypted based on the size of your business or individual purposes.
- Lala Kit
This gives you a pre-loaded wallet that gives you the ability to spend millions via PoS globally with a phone and insurance policy.
- Lala Card
This is the encrypted wallet
Normally, banks and financial institutions prefer not to venture into these markets because of the risk factors. They prefer to stay out of risks that they can calculate. There is a common perception that migrants are criminals. However, with Lala World, this will all change and finally, this group of people will have direct access to the life that they have always wanted to live with access to financial freedom, insurance, medical support and even regard in society.
Now they will be able to build the life that they need with the support from Lala World with simple ease. There will be privacy and unrestricted access to these people and they will be able to access their money just like others. They will not have censorship and will be able to work in these markets with ease. It is truly revolutionizing the way in which banks work. They have developed a way of reaching out to a niche market where the gains although risky will be great. They could now explore different avenues and lead better lives with this amazing scheme from Lala, who has put together an amazing strategy for them to boost the financial market as we know it.
Whitepaper - https://lalaworld.io/whitepaper.pdf
Telegram channel - https://t.me/LaLaWorld
Twitter - https://twitter.com/MyLaLaWorld
Bitcointalk profile — https://bitcointalk.org/index.php?action=profile;u=855493