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Aims to streamline cryptocurrency payments for retail and e-commerce sectors.
Lyzi positions itself as a pioneering force in the world of cryptocurrency payments, blending retail and e-commerce transactions with digital currencies through its platform built on the Tezos blockchain. Its mission is to extend the versatility and accessibility of cryptocurrency payments across global markets by enabling merchants to receive fiat currency directly, eliminating any risks tied to cryptocurrency volatility. Supporting over 21 cryptocurrencies with integrations at more than 85,000 points of sale, Lyzi introduces a radical shift in how businesses engage with consumers who prefer digital currency payment methods. The company’s overarching goal is to eliminate intermediaries traditionally required in payment networks, thus allowing seamless, commission-free transactions directly between consumers' crypto assets and merchants' bank accounts without resorting to the tracks of existing financial institutions like VISA and Mastercard. By offering API, plugin, and app-based integration solutions to various retail sectors, including luxury brands and shopping malls in France, Lyzi is pioneering a next-generation payment infrastructure that excellently fits within the modern W...
Lyzi positions itself as a pioneering force in the world of cryptocurrency payments, blending retail and e-commerce transactions with digital currencies through its platform built on the Tezos blockchain. Its mission is to extend the versatility and accessibility of cryptocurrency payments across global markets by enabling merchants to receive fiat currency directly, eliminating any risks tied to cryptocurrency volatility. Supporting over 21 cryptocurrencies with integrations at more than 85,000 points of sale, Lyzi introduces a radical shift in how businesses engage with consumers who prefer digital currency payment methods. The company’s overarching goal is to eliminate intermediaries traditionally required in payment networks, thus allowing seamless, commission-free transactions directly between consumers' crypto assets and merchants' bank accounts without resorting to the tracks of existing financial institutions like VISA and Mastercard. By offering API, plugin, and app-based integration solutions to various retail sectors, including luxury brands and shopping malls in France, Lyzi is pioneering a next-generation payment infrastructure that excellently fits within the modern Web3 landscape.
Technically, Lyzi is driven by a robust architecture that leverages the regenerative and high-performance capabilities of the Tezos blockchain, which is selected for its energy efficiency and scalability potential. The platform stands out by supporting both custodial and non-custodial wallets, enhancing user freedom and security while maintaining robust compliance measures against money laundering and financial crimes. Lyzi’s ecosystem incorporates an innovative approach to engagement through the $LYZI token, which serves not only as an incentive via cashback and sponsorship rewards but also offers staking options and access to merchant-specific premium features, reinforcing customer loyalty through tokenized programs. This multi-functional token model ensures inclusivity and sustainability within the Lyzi ecosystem, further attracting a diverse user base looking for privacy, security, and financial autonomy in their transactions. With its ongoing plans to incorporate other major exchanges and payment networks, including developing support for lightning payments, Lyzi is poised to redefine the landscape of digital transactions, providing an inclusive and secure method for businesses and consumers to embrace the burgeoning world of cryptocurrency.
Lyzi is designed to bridge the gap between crypto exchange funds and merchant networks, allowing Binance users to make payments directly with their cryptocurrencies. The platform facilitates seamless crypto payments and fiat conversion without relying on traditional payment systems like VISA or Mastercard, ensuring no commission fees for merchants. Beyond payments, Lyzi also supports loyalty tokenization to enhance user engagement and retention.
Unlike traditional payment systems that use VISA or Mastercard, Lyzi allows crypto users to pay directly using their crypto assets. Merchants receive fiat or even hold crypto without incurring any commission fees, thanks to Lyzi's decentralized payment processing. This approach not only streamlines transactions but also reduces costs for merchants, motivating more businesses to adopt cryptocurrency payments.
The $LYZI token offers various incentives and utilities across the Lyzi ecosystem. For users, it provides cashback, stacking opportunities, and serves as a conversion tool for loyalty market platforms. Merchants benefit from vesting mechanisms for feature access and staking, while brands can use it as collateral for launching tokenized loyalty programs, participate in staking, and enjoy free token airdrops.
Unlike the Binance card, which relies on major credit networks like VISA or Mastercard, Lyzi enables direct crypto payments without intermediaries. This not only reduces transaction costs but also allows for commision-free fiat conversion and potential crypto holding by merchants. Moreover, Lyzi integrates loyalty tokenization, enhancing the value proposition for users and merchants alike.
Lyzi plans to expand globally by aggregating other major exchanges beyond Binance. This expansion aims to democratize crypto payments worldwide. Additionally, the platform will soon launch tokenized loyalty use cases by Q4 2023, enhancing customer retention. Lyzi is also in pursuit of non-custodial wallet solutions and lightning payment integration to further optimize its offerings.
If you encounter any issues while using Lyzi, it is recommended to first check your spot wallet balance on Binance and ensure your assets are correctly synchronized. Next, verify the merchant's network and Lyzi wallet connection are functioning properly. For persistent problems, reach out to Lyzi's support team for assistance. Make sure your app is updated to the latest version for optimal performance and feature access.
