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Can You Use Cryptocurrency in the Retail Market?

CryptoCurrencies in the Market

The Power of Fiat

When you have money in your wallet, what’s the first thought that strikes your mind? Let’s go
shopping! Well, that is exactly a thought for most of the people out there. There surely are people
who would prefer to invest or trade on behalf of that money, but what for? To make more money
and use that to live lavishly.

Arrival of Cryptocurrencies

A new type of currency forayed into the market with a goal of global acceptance. Contrary to the
previous statement, Bitcoin, based on the Blockchain technology, didn’t take the world by storm in
its initial days. It took Bitcoin quite a few years to get the fame that it holds today. The name of this
currency somehow got linked with creating crypto-millionaires, who surfed the wave of price surge
and traded this currency to reap benefits. In a similar fashion, a number of cryptocurrencies
surfaced, leading to the creation of a ‘crypto market’ that dealt in trading of such currencies.

bitcoin price 2018 Source

The Unawareness Factor

While the majority of such cryptocurrencies reached the world at large through their respective ICOs, a very few of these could actually make it to the brick and mortar stores. Every digital currency aimed at having a real-world adoption, but most of them failed miserably. Apart from the factors responsible for this failure from the company’s end, one major factor is the uninformed population. People have no clue what to do with the stash of digital currency that they hold, apart from trading it. Indeed, it is quite a fruitful way of earning benefits, yet without market-based utility and inadequate knowledge of crypto, these currencies slowly fade into thin air losing their value.

Reality of Retail Adoption

As the name denotes, cryptocurrency is a form of currency after all and hence must have market adoption, where people can actually buy goods and services through it. Many people would say that it is a far-fetched dream to use such currencies in the market, as no store would actually accept a currency like Bitcoin. Well, it is a complete myth, as there actually are not even stores, but countries that openly accept different cryptocurrencies as a mode of payments.

Singapore, included themselves in the crypto-friendly retail market by December 2013 by issuing an official statement “Whether or not businesses accept Bitcoins in exchange for their goods and services is a commercial decision in which MAS does not intervene.” Several cafes, art houses and restaurants across Singapore accept cryptocurrencies as one of their modes of payment.

Japan, the land of the rising sun, has remained the first mover in the domain of technology. Considering the cryptocurrencies, Japan passed a law in March 2017 to legalise Bitcoin and other virtual currencies. By April 2017, the operating cryptocurrency exchange businesses in Japan started being regulated by the Payment Services Act. Since then, it has become a common practice gradually to use cryptocurrencies as a mode of payment across different stores and restaurants in the country.

Apart from a number of countries that accept various cryptocurrencies, there are businesses across the globe taking cryptos as a mode of payment. As per the legend, back in 2010 a Bitcoin developer Laszlo Hanyecz did the first transaction via Bitcoin to prove that digital currencies worked. He paid 10,000 Bitcoins to buy 2 pizzas from the famous pizza franchise store, Papa John’s.

A 35-year-old coder, Peter Saddington, stopped by a luxury car showroom, ‘MotorCars’ of Georgia in an Audi R8 and drove back home in a 2015 Lamborghini Huracan worth $200,000 by cashing 45 Bitcoins. This mechanized monster merely costed him less than $115 as per the amount he invested for those 45 Bitcoins. Bought via cryptocurrency, this car was nicknamed as the Bitcoin Lamborghini.

things you can buy with cryptocurrency

Peter Saddington with his Bitcoin Lamborghini. Source

As per December 2018 Coinmap listings, there are 14049 venues across the globe openly accepting Bitcoins and various other cryptocurrencies for day to day transactions.

Where can i use my cryptocurrency

Source

In today’s world, you can not only shop through the retail stores using cryptocurrencies, but can travel around the globe as well. Many companies, including, Expedia, CheapAir, Virgin Galactic, aBitSky, AirTreks and SurfAir allow users to book their flight tickets through cryptocurrencies. Several other businesses, including Microsoft, accept digital currencies for their app-based purchases. And if that was not all, e-commerce portals like Amazon, Shopify and Overstock allow you to shop via cryptos, enabling users to purchase from anything to everything.

How to Pay via Crypto

There are several ways to pay for retail bills via cryptocurrencies:

  1. Smart Phones: Going in to the retail stores, you can simply use your smart phone crypto wallet to scan the QR codes and use the ‘spend’ button to make easy and secure payments. The process is as simple and easy as using fiat wallet to pay.
  2. Bitcoin Debit Card: There are a number of Blockchain based companies that offer crypto debit cards that function as the regular debit cards. You simply load the card with fiat and that amount gets converted to cryptocurrency for further payments.
  3. Invoice Address: You will find some businesses providing their wallet address in the payment section, along with Cards and Net Banking options. For making the payments, simply transfer the crypto to the said address via your wallet.

Market adoption and utility are the most important traits for any currency and with the acceptance of these digital currencies across the globe, the vision of creating a decentralised global economy is becoming clearer day by day. What are you waiting for, utilise your cryptocurrencies today!

Blockchain Bringing Revolution across Industries

Blockchain

We are living in an era where emerging technologies like Blockchain are widely implicated in various applications to bring comfort in our lives. Blockchain is in its infancy, but holds the potential of revolutionizing the way present world functions and is capable of building new ecosphere. If sufficient time is invested in remodelling of certain systems by enforcing Blockchain, the future will be full of new advancements. The internet came in 1990s and smartphones came in 2000s, creating a world that is heavily dependent on them. Confiscate any teenager’s smartphone and you can see their routine going haywire and losing confidence at the same instance, demonstrating the extent of addiction of certain technologies. Blockchain has the capability to create the same effect especially in operations sectors.

Our future generation would be reaping the advantages, if we understand the importance of Blockchain technology today.

Blockchain refers to a decentralized database that stores transactional records and has an exclusive cryptography, virtually impossible to decrypt that record without the private key. The real disruption happens when trust is established through collaboration and code, rather than a central authority.

We can easily say that we would no longer need a bank to transfer money around the globe. An escrow account will no longer be needed to buy a home, or a real estate agent to facilitate the transaction. There would not be any requirement of a company or central authority to authorize a government transaction. This revolutionary adoption has the potential to transform every industry for good.

Some can easily be seen in the light of Blockchain Technology:

  1. Pharmaceutical

Pharma companies needs to track the movement of their drugs, to keep a check on drugs from the manufacturer to end consumers in the supply chain. When Blockchain is implemented on the pharma supply chain, it keeps a record of all the transactions and notes every detail of location, quality, price etc. Hence, data is not only visible to all concerned parties, implementation of this technology reduces the tempering during the transit. The process is made transparent, secure, decentralized and verifiable in the supply of authentic medicines and trimming costs involved in detecting faulty areas. Alteration of any detail is difficult as the system is decentralized and provides real-time updates to all parties through the incorporation of IoT devices. The

is an exquisite platform to increase transparency and trust, with customers being able to keep a track of pharmaceutical products throughout the supply chain. The stakeholders are given rights to add on the said Blockchain. Manufacturers and consumers can scan the barcode and view the history related to the product received.

  1. Politics/Voting

Security in the voting system is the priority for governments at present, as terrorist organizations and rival governments are always a threat.  Rigged votes and ‘voting irregularities’ are commonly observed in the politically disturbed regions. Blockchain can induce high security and make the voting systems completely hack proof. From voter registration & identity verification to tallying votes, the system would be indisputable.

  1. Real Estate

The paperwork is always dreading before and after purchase of a house, Blockchain can simplify the process and eliminate escrow altogether. By deployment of Blockchain, basis completion of predefined conditions, the smart contracts are triggered to complete the pre-programmed actions, including funding. With transactional data stored on Blockchain, the paperwork cost will reduce. Additionally, the elimination of intermediaries will decrease the commission rate exponentially.

  1. Government

Aside from voting systems, Blockchain technology can be used to help reduce and eliminate bureaucratic red tape and corruption in governments. Welfare, disability, veterans, and unemployment benefits can be more easily verified and distributed, eliminating fraud and waste. Smart contracts will ensure that the tax money is dispensed to the government, once the pre-defined conditions are met, making the functionality of governments secure, transparent and efficient.

  1. Charities and Aid Organizations

People are always willing to help the needy through charity organisations, but recurring doubts about whether their money is reaching the one who truly needs it are always there. Charities can regain the trust of people through smart contracts and online reputation management systems. This will help in streamlining the process and building trust in donors, ensuring them that the money is reaching the intended recipients. The U.N.’s World Food Programme is implementing a Blockchain based system that allows refugees to get food with an Iris scan, instead of relying on cash, credit, or vouchers, all of which can be stolen.

  1. Financial services

Blockchain could potentially save banks billions in cash by dramatically reducing processing costs. Banks are salivating at the opportunity to reduce transaction costs and the amount of paper that they process. Implementing Blockchain would make banks increasingly profitable and valuable. Santander, a bank based in Spain, have savings through Blockchain at $20 billion a year. Alternatively, the market has been introduced with many startups working with Blockchain becoming the banks for future. Financial institutions are also embracing recent developments at a larger scale, by directly investing in FinTech startups. As per KPMG report – 2016, venture capital funding to global FinTech companies reached a record $13.6 billion, while overall investment in FinTech companies was total $24.7 billion.

LALA World is one of the progressive FinTech organizations, which believes in the alternating strength of Blockchain, redefining the Banking and other financial services – Remittance, Lending, etc. The trust, efficiency and security can be significantly increased by deploying Blockchain in a sustainable ecosystem for the future of FinTech industry. LALA World has successfully incubated various products to meet the rising demands of the current and future generations. We are able to provide them with high-security and high-capability products, holding the potential to make the financial aspects simpler.

AMA Chapter 1 with CEO & Founder Sankalp Shangari is a Big Hit among the LALA Community

AMA

At LALA World, we have always stressed the importance of dreaming big and keeping things simple. The vision at LALA has always been “To Make Human Lives Better”. Our first AMA (Ask Me Anything) with CEO & Founder Sankalp Shangari was fantastic and we received a massive engagement from the community members.
This is one of the many initiatives that LALA World is taking to ensure transparency.  A Lot of FUD has been cleared, our official telegram group and the confidence building up in the market has shown that in past couple of days. We will continue to provide with the information on all the processes involved and regular updates on the product development for clarity.
With this #AMA, we tried to combine all your concerns and address them in a detailed and elaborate manner for everybody’s discretion. From the queries it got clear that the community wants more updates on the developments at LALA. We are going to document our grassroots level migrant & workers community outreach to share with you the strength of our massive network through our fantastic partnerships. With the seen confidence in markets

Please find the important parts of the video transliteration on this link: https://blog.lalaworld.io/lala-world-reddit-ama-01-ask-me-anything-excerpts-from-the-ama/
We’re blessed to have your continued support and Thank you for being part of this incredible journey!

Digital Banking with Blockchain and the Infrastructure Hurdle

Digital Banking

Numerous debates are taking place across forums; the talking point is Blockchain being the harbinger of the new age technology revolution. And as it happens with any new and emerging technology there have been discussions about its usefulness, advantages, disadvantages and the way of its implementation.

While some agree that Blockchain can be implemented in most of the industries, some argue otherwise stating that it should be used only for payments and validation during its early years. As is seen throughout modern history, any new industry that came and flourished was backed by a solid infrastructure. This has been the area of concern for the Blockchain enthusiasts; it is yet to get a solid infrastructural support.

One of the primary beneficiaries of Blockchain technology is digital banking and financial services. They need a solid infrastructure and know how to capitalize on the potential of Blockchain. It seems very enticing to use this technology for quick payment process and transaction cost reduction. But banks need to build infrastructure to create and run a truly global network based on this trans-formative technology.

It has been found out that banks are interested in digital banking and looking into Blockchain to speed up their processes. According to a report by consulting firm Accenture, 9 out of 10 banks agreed that they are exploring the use of Blockchain in payments and may use it if results are promising. It has a real-time transfer capacity; this has made it a favorite of banks.  The most prevalent use case of Blockchain technology is emerging out to be intra-bank cross-border transfers & cross-border remittances.

Blockchain technology itself works—there’s no debate about that. The biggest key to turn Blockchain’s potential into reality would be a collaborative effort among banks to create the network necessary to support global payments. This network if deviced into existence would act as the requisite infrastructure. Now it’s time for the banks to look at the bigger picture,i.e. digital banking. And work together with Non-Banking Financial Institutions (NBFCs) to help define the backbone that can underpin a universally accepted, ubiquitous global payment system that can transform how banks traditionally execute transactions.

LALA’s Partner-Bestinet Wins the Best Digital Innovation Award

Bestinet

We are elated to announce that LALA’s Partner-Bestinet won the Best Digital Innovation Award. Bestinet – Global leaders in providing migrant management solutions were awarded the Best Digital Innovation of the Year. The awards were presented at the World Summit Award (WSA) in Vienna, Austria for the Government & Citizen Engagement Category. Its multi-touch point system was judged the winner for helping the United Nations (UN) meet its Sustainable Development Goals.

The World Summit Awards are presented annually to honor the contribution of organizations and individuals aligned with the Sustainable Development initiatives run by the United Nation. Bestinet’s management system is a classic example of LALA World’s vision of ‘tech with purpose’. The FWCMS (Foreign Workers Centralised Management System) also known as Migrams, is a unique management system that highlights four core components — Security, Health, Welfare and Compliance — in a single unified management system that benefits all stakeholders.

LALA World’s old and proud collaboration with Bestinet in Malaysia is a milestone to take on this historical argument of banking the unbanked. In the present case this begins with identification of the migrant situation right from its roots. With our strong partnership, these migrants will easily become a part of the financial ecosystem, unlike earlier when for even using the basic financial services they had to go through various middlemen, suffering slow complicated processes and awfully high fees – worst is behind them – with the BESTINET & LALA Wallet, now they can send money back home with ease, in no-time and almost free without getting ripped off their hard earned daily wages.
Our heartiest congratulation to the entire Bestinet Team for their awesome work!

LALA Of The Week: The Community Crusader

LALA of the week

Dear LALA Family,
Hola,
Here we are with the 2nd edition of LALA of the week and It is a pleasure to announce Basti R. as this week’s LALA.
Basti R. has been a conscientious community member; he has been helping the admin team with his regular inputs. A communicator par excellence, he has been seeding conversations and has kept the community ticking. We wish Basti’s wonderful association with us continues unhindered.

Through this announcement we want to thank him for his contribution towards our goal of Financial Inclusion for all.
We at LALA World are blessed to have a community like you and you could be the next LALA of the week.
We’re grateful for your patience and continued support… Thank you for being part of this incredible journey!

Lets Talk! Ask us your questions and LALA will answer #AMA

LALA World AMA session

Dear LALA Family,
At LALA World, we have always tried our best to be completely transparent with our LALA community as we make sure that regular project updates as they happen keep flowing out in time.
To take this a notch further we are conducting a LALA World AMA session to discuss where LALA is now and whats happening in our LALA household and everything else about the LALA Roadmap.
During this #AMA session, the community can ask questions, put their ideas & thoughts forward as they can interact directly with the management and the team at LaLa World. We have tried to keep the LALA World AMA session as interactive and as easy as possible for you all and as well as the team.

LALA World AMA session

To participate in LALA World AMA session,  follow the steps as below:

• Click here to visit LaLa World Subreddit #AMA thread
• Ask your question in the comments section
• At the end of the week starting tomorrow, the top 10 most upvoted questions will get answered during the #AMA session
We would like to thank each one of you for your continued support and belief in LALA World project. We are working relentlessly to achieve our mission of a LALA powered decentralized financial ecosystem. We hope that this #AMA session will bring more transparency between LALA World & our Beloved LALA Community.
Note: Also, don’t forget to subscribe to LaLa World subreddit to be updated of all the happening on the #AMA front.

With LALA World – Time for change has come!

LALA Word CEO to address Blockchain and Businesses Conference

Blockchain and Businesses

Dear LALA Family,
We are pleased to announce that our CEO Mr. Sankalp Shangari would deliver the inaugural address at the ‘ Blockchain and Businesses ’ conference organized by Nanyang Blockchain Association. The event is scheduled to take place on March 27, 2018 at Nanyang Technical University.
Mr. Shangari would share his vast knowledge and understanding of the financial world while enunciating the impact of Blockchain on it. He would motivate them to inculcate the spirit of social entrepreneurship for it can be the solution to most of the human problems. LALA World endorses social entrepreneurship through its attempt to bring financial inclusion for the 2.5 billion unbanked across the world.

He would be followed by some eminent Blockchain and businesses experts like Karan Bhargava, CTO, XinFin and Ruby Chen, Marketing Director at BitKan. They will address the students on the evolution of Blockchain and the contribution of their organization in the same.
The Nanyang Blockchain Association is a student’s body which aims to educate and spur students’ interest in Blockchain technology, cryptocurrencies and their applications.
Be there to exclusively meet the LALA himself…!
Please join us on Telegram to get all the regular updates on LALA and interesting discussions going on about LALA World.
We’re grateful for your continued support, thank you for being part of this incredible journey!

You Can Be The Next “LALA Of The Week”

LALA World Telegram group

Dear LALA Family!
Greetings…

We at LALA World are blessed to have a community like you on our LALA World Telegram group. We are happy to announce that we would be declaring ‘LALA of the week’ from next week onwards to appreciate the efforts of our patrons. In the recognition to their efforts we would also be awarding them with 15 LALA Tokens as a token of appreciation.
This title would be given to members who have shown their incessant support towards the LALA World project and have been actively participating in the discussions, doing odd hours on our behalf, and seeding conversations on the Telegram group.

Well, theres more…The ‘LALA of the week’ would be sent an exclusive invite to attend the meetups (where LALA World would be invited) or the BlockSocial, when happening in their vicinity. The ‘LALA of the week’ would be given an opportunity to talk about their association with LALA Family and have a one to one with our CEO & Founder – Sankalp Shangari.
Please join us on LALA World Telegram group to get all the regular updates and announcements about LALA World.
We’re grateful for your patience and continued support, thank you for being part of this incredible journey!

LALA World Product Roadmap “To Make Human Lives Better”

LALA products

“Always dream and shoot higher than you know you can do. Don’t bother just to be better than your contemporaries or predecessors. Try to be better than yourself.” – William Faulkner

Dear LALA Family!
At LALA World, we have always stressed the importance of dreaming big and keeping things simple. Our vision at LALA has always been “To Make Human Lives Better”. For LALA and our Vision, partnerships play a significant role in achieving the goal of financial inclusion to the masses. It’s a long way to get to these below vision points but we are simplifying and clarifying where we eventually see ourselves getting to. We have coined a term that dictates our everyday working: DDOS.

D – Decentralized – No one should control the system. System should benefit the users and reward them for the growth and success of the system
D – Democratic – Everyone should have a voice on how the system should run. This will not happen overnight, but something we are aiming for a longer term vision.
O – Open Source peer to peer – No middlemen in true spirit of Blockchain. However systems need to be put in place such that there is no abuse
S – Social Impact – What good is technology, be it Blockchain or be it hash graph, if that does not benefit humanity, especially the needy and underserved.

GIST (Goals, Ideas, Step Projects and Tasks)
The planning system that we use at LALA is more oriented towards end goals and giving ownership to LALA employees & partners. LALA team has been working full steam to launch exciting LALA products and markets. There is a lot more to come in the following months. Below is what our extended roadmap and a brief about what LALA products would look like for 2018. Also, some highlights towards our wider three year roadmap.
We make a living by what we get, but we make a life by what we give – Winston Churchill

Goal
The future is moving towards decentralization. Our eventual goal is to be a Global Decentralized Financial Ecosystem. An ecosystem that supports the financial inclusion of unbanked, undocumented, micro entrepreneurs and the like. In other words, using Blockchain to remove middle men from the system. Everything is about TRUST and Blockchain is about trusting the underwritten protocol.

Ideas
The broader idea is to enable micro transactions, micro-lending, insurance and other banking products at almost zero-fee, instantly, cross border, mobile enabled and accessible to the common man along with incentivisation at every step to keep the users engaged and rewarded. LALA Token is the key element of this ecosystem (LALA produts) and users will be rewarded for using LALA Token in getting services from the various partners globally as well as within the LALA Wallet. Each product will have its own innovation, own separate project and its own idea generation methodologies to accomplish this.

Step Projects
We are focusing on three simple LALA products for this year’s roadmap .

SEND SPEND & LEND
The base of all LALA products is LALA ID – one single global digital identity on Blockchain, a culmination of state-of-the-art biometrics, digitization of national identity documents and comprehensive verification. After successfully completing every step of LALA ID, user receives reward points which either can be redeemed in LALA Tokens or can be used for getting services within the wallet.
LALA ID as a product has undergone rigorous testing. We are proud to release this to the general public by end of this month, along with the platform that binds everything together – LALA Wallet. LALA Wallet is a step project in itself and has gone through numerous interactions to reach where it is today.

• SEND

LALA Transfer is our cross border remittance business that is being built on Stellar. Working on a very close partnership with Stellar, a PoC is expected to be complete in March 2018. In April we shall open up few countries for testing and live transactions in Malaysia, India, Dubai and Philippines. Once we have built a scale in these countries in Q2, we shall expand to over 10 more countries by end of the year, primarily in South East Asia, Middle East and CIS. Although money transfer can be done in fiat but users will be charged very less fee and incentivized as well, if use LALA tokens for the same. Alongside Stellar protocol, we are obtaining licenses to continue traditional remittance where Blockchain is not possible regulatory wise.
Also, we are proud to announce that LALA has successfully piloted with 46 migrants, where these people were able to transfer Malaysian Ringgit 75,000 back home to Bangladesh at a substantially low fee. To see the smile on their face was the biggest prize LALA could ever get. Further, LALA plans to take this number to 400 people this month end and later push it as per the roadmap.
On top of this, we are also building a white label solution for each of our LALA products including LALA transfer to enable plug and play solutions for non-Blockchain users as well as for people without technology resources. Merchants need to pay the fee in LALA Tokens for these white label solutions.

• SPEND

The first LALA Wallet was launched in December 2017. We shall be launching the latest version and a brand new LALA Wallet by this month (March 2018) with extensive features. LALA family and users can earn rewards and tokens by engaging with the application, saving, and transacting. We are also working with a partner crypto wallet that has selected LALA Tokens to be used on its platform that enables LALA Token holders the possibility to unlock instant liquidity of their tokens through their Wallets. We shall release more details about this partnership in April, once integration and beta testing is complete.
We are a B2B2C company and we have global partners for each product which enable us to leverage on their existing infrastructure to reach the masses. Like always, our community will have regular news on various new partnerships that we shall be closing.
LALA’s two main products for this year are LALA Transfer (Cross border remittances) and LALA Lends (P2P and direct micro lending).

• LEND

LALA Lends is our P2P Lending and Direct Micro/Nano Lending platform. Every lending decision is based on the AI and ML driven LALA Score for every individual and MSMEs.
The P2P lending platform is currently being built on Ethereum with extensive studies on Raiden network. The platform should be up and running in Q2 2018. Starting with India in Q2, 2018, we are expanding across Dubai, Malaysia, Sri Lanka, and the other countries across South East Asia. In the second half of the year, we shall also experiment with Africa and parts of North America. This platform will not only provide further liquidity, but also enable LALA Token holders to earn further rewards. Here, in P2P lending platform, only token holders can lend and borrow as per the number of tokens they have. If a borrower does not have good LALA score, he can put his LALA as collateral and receive loans quickly from anybody across the globe. User can also improve his LALA score by transacting LALA tokens within the ecosystem and receive collateral free loans.

LALA Lends

Micro lending platform is based on direct lending to individuals and micro entrepreneurs/Micro SMEs starting with India by Q2 2018. We will also establish micro lending in Sri Lanka, Dubai, Malaysia, Philippines, Myanmar, UK in Q2 18, either directly or via our multiple B2B partners.
Other LALA Products of future shall include a crypto as well as fiat LALA Card, LALA insurance, LALA care. The foundation of this is being laid down now but would only start as we get some real partners and some more resources, so as not to spread ourselves too thinly. Also the focus is not just expansion, but profitable expansion so that we can give back to our early supporters and give back to the society.
Tasks
Launching a wallet would require two main tasks in every country – An E-Wallet license or a partner with license. Secondly, cash and in cash out solutions at partners locations, along with additional services. When our global wallet is launched, some services will be restricted based on specific regulations in each of those countries. We are carefully complying each and every regulation as we expand. We will also be adding services in LALA products for every country like Point-of-Sale and value-added services with partners like KKMarts in Malaysia, cash top up kiosks across UAE in partnership with Mango Point, merchant transactions and services with local vendors, School fee payment integrations with Cambridge schools, and the purchase of airtime, data, and utility services for LALA customers. Each of this is a little task in itself. This further enhances the adoption of LALA token across partners and geographies, create more liquidity and adoption of LALA Token.
Numerous other services and functionalities would be enable users to use LALA e-Wallet application to access their daily needs. This will enable LALA to expand network with LALA partners, increase usage of LALA tokens across boundaries with integrated services, and be able to serve some markets without the need for traditional banks.
By Q2, 2018, we will extend the LALA Wallet as a white label solution in true spirit of partnership and building out the network. All other services shall be a part of this Wallet ecosystem, including LALA token as a reward program and enabler. A truly financial ecosystem would be impossible to build alone.
Later half of the year we will focus our attention from LALA products to expansion and we aim to be in at least 15 countries by end of 2018. Individuals as well as micro entrepreneurship (MSME’s) will remain our focus expanding from SE Asia, Middle East to Americas and Africa.
This is just the beginning and we have delivered much more than what we promised. We will continue to surprise by working hard and all we seek in return is your continued support. We may make mistakes, but we will improve through our own learning and the daily constructive advice of the LALA Community. There is only one intention here – make human lives better by serving our community who has brought us this far.
Current, Near – Term and Future
We are a B2B2C company. We have always stressed that we do not want to build Rome all over again. We want to leverage on the existing infrastructure that is already there. That is our key strength – Global Partnerships – both at local as well as government level. Both with corporate enterprises as well as local NGO’s.

LALA roadmap

We would like to thank each one of you for continued support. We are working relentlessly to achieve our mission of a LALA powered financial ecosystem and gearing towards decentralization through LALA products.
Please join us on Telegram to get all the regular updates on LALA’s listing and various discussions going on about LALA World.
With LALA World – Time for change has come!