Moving abroad? Whether you are going for a job, planning to settle, study or just traveling for an extended period of time, it is a complicated task. Anyone who tells you otherwise is either lying or in a private jet. The experience of changing countries can be thrilling, stimulating, and eye-opening, but it can also be unbelievably challenging in a number of ways that go far beyond learning to cope with different cultures.
Leaving the country, What is the first thing that comes to your mind?
Packing, Stay and most importantly Money…
Unfortunately, packing is something you would have to manage on your own!!
We shall discuss how managing your finance abroad is so time-consuming, tedious, and difficult. How implementation of Blockchain technology in a financial ecosystem can help a lot in this direction.
Below is the finance-related checklist required when one is changing countries or even moving to a different country for a significant amount of time.
- Calculating monetary conversion: Finding out that Danish Krone is equal to USD 0.15 can be a revelation. A person has to estimate the prices of essential things beforehand. It is a lot of effort going online and making a list of important things with their prices. Further recalculating and coming to an amount, which sometimes might just not be enough.
- What if your credit card does not work there. Most of the European banks have switched to the more secure chip-and-PIN technology, and magnetic strip cards are now mostly outdated in countries.
- Visit ATM or Bank in the new country: How will it feel if you step foot in a new country and the first thing you have to do is rush to find an ATM or a Bank, while all you’re dreaming about is either a bed or a beach. As the conversion centers in the airport or around the city tend to be huge rip-offs. You know that at the ATM or the bank, and the conversion will be exact.
- Local cash should be filled in your pockets. Not every place takes credit cards. This is especially important if you’re catching trains or buses.
- You have to pre-inform your Bank or Credit card provider. If in case you forget to do it. Sometimes banks think that fraud may be occurring as transactions are happening in Bali when you’re from Toronto, and they will turn off your card as a security measure.
Allow us to explain why LALA World App can make a difference in your travel. LALA World can offer a quick solution. So, this time along with your favorite music app for your travel, download LALA World App too.
LALA WORLD will free you from all the hassle by offering you a true companion that is LALA World App. The app is available on Google Play Store. All a migrant or a traveler has to do is to sign up and complete a KYC to create a LALA ID. The wallet can have an inbuilt exchange mechanism and a verified unique ID.
Even if you are not crypto savvy, one can also choose to store the currency in local Fiat and not use crypto at all- giving ultimate freedom to the user and truly bridging the old world and the new. The App along with LALA ID would liberate you completely with digital services which can make the above checklist futile.
With in-built features like LALA Lends, LALA Transfer an ed Bill pay; a traveler in a new land can become his own master. We have partnered with some solution providers which can even give you an option of offline top up. There is always a choice to top up from banks (Credit & Debit Card) and enjoy the endless privileges. The constant need for bill payments can be met easily with our bill pay network. Everything can be done with one click.
This doesn’t end with travelers alone, international students can avail easy money transfer facility through LALA World, where parents need to send money to their child quiet regularly and that’s stressing due to hindrances like unawareness related to deductions and higher exchange costs creating confusions. Similarly, for migrants sending money home is full of complexities as well, where at times they can’t understand how things work in a new place and often are dealt a bad hand as transferring money by normal ways is expensive. With LALA as a thoughtful companion, it helps provide remittance at less cost and eliminate the role of intermediaries, making the process instant and pain-free. A real-time transaction always attracts trusts and brings a smile to everyone’s face.
A true companion is always there to help whenever in need, with LALA Lends being an integral part of LALA ecosystem applying and getting loans is smooth, easy and restriction free. Traditional banks take too much time and energy filling unwanted forms and submitting just for sake documents. Our instant loan feature would be an added advantage whenever you require a quick financial support.
Read more: Watch Out for LALA World CEO & Founder – As he addresses Blockchain Conferences in Dubai this week
LALA World App can be your new companion, that could give you comfort and confidence while traveling. It would make settling in the new country easier and empower you with financial accessibility, with ease.