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LALA Transfer Archives - Lalaworld Blog

Digital Banking with Blockchain and the Infrastructure Hurdle

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 transformative technology.

It has been found out that banks are interested 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. 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 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!

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!

The Blockchain Push towards Financial Inclusion

Blockchain Push

Blockchain push towards financial inclusion is a necessary devil that needs to be unleashed to protect the interests of the marginalized. The idea of not having a bank account or a mechanism to send or receive money may seem to be a remote possibility to billions of the privileged people across the world. But it is a reality that plagues around 2.5 billion people, most of who live in the third world countries and developing economies. The financial exclusion suffered by a larger section of the society is due to government apathy and the lack of identification.

Students, Migrant-workers and Refugees are the most vulnerable section of society who suffers the wrath of financial exclusion. Students who relocate to other countries to pursue higher studies often face trouble in getting requisite financial assistance due to lack of necessary paper work. Migrant workers are another group of people who face the problems due to unavailability of transaction facilities. War refugees across the world are forced to live within certain designated areas known as colonies; most of these are denied basic banking facilities on the account of lack of requisite documentation papers.

Financial transactions are undergoing a sea change with the use of Blockchain technology. It is enabling a democratic & decentralized transaction system which is devoid of regulations. Being immutable in nature, the transactions made on Blockchain cannot be tempered, hence create a trust-less condition. Aligned with the cause of the marginalized, these products are being developed and many are on the verge of launch. Financial inclusion doesn’t merely give ability to transact rather it enables the person to indulge in activities that help in developing his overall conditions. Right from education to health to business opportunities the dependability towards financial transactions cannot be ignored.

Blockchain based organizations like LALA World are launching their wallet which would deal in fiat currencies while resolving the issue of financial inclusion. LALA id, with its unique identification mechanism will help in fulfillment of KYC process. Once the identity verification process is done the user would be able to send and receive payments. The app would also have remittance facilities in the later part of the year. With their products and services, Blockchain push would help in achieving the goals of financial inclusion and ameliorate the miseries of the marginalized.

LALA World Announces its 3rd Exchange Listing with Qryptos

LALA’s 3rd Official Exchange

Dear LALA Family!
We are excited to announce LALA’s 3rd Official Exchange Listing on Quoine’s Crypto Exchange – Qryptos – 14th March’18 Wednesday (SGT/GMT+8).
As promised, we are bang on schedule as LALA Token has already hit the two announced exchanges to a favourable response amidst the downhill slide of the crypto market – speaks itself about the LALA Token and community’s liking for the LALA World Project on the whole.
QRYPTOS is a crypto-crypto exchange which supports trading of multiple cryptocurrencies including ZEC, BTC, XRP, ETH, ETC, LTC, XMR. The platform specializes in listing new coins with negative trading fees to generate initial liquidity.

*** You can sign up on QRYPTOS here: https://accounts.qryptos.com/sign-up
*** Start Registering and get your KYC process done!

We are pleased to announce this strategic partnership with Japanese crypto platform Quoine’s QRYPTOS. QUOINE was the first exchange platform to achieve full regulatory approval from the Japanese Financial Services Agency (JSFA) and is known as one of the most secure and reputable crypto-focused fintech companies in the world. It is one of very few global exchanges to have been accepted by Deloitte and Touche as an auditing client and has a highly experienced management team with expertise earned at Goldman Sachs, Credit Suisse and Bank of America.
This news is bound to create huge excitement among our global LALA community, will enable LALA to fast track acceptance as a payment solution, which would be another stride forwards towards mass adoption.
The listing further cements LALA World’s strategic position as a project for the people, that is focused on long-term sustainable growth rather than instant returns.

Qryptos listing

Quoine’s exchange Qryptos is a Tokyo based crypto currency exchange platform that specializes in listing new coins. At QRYPTOS, the young team is committed to provide the safest exchange with state of the art security & trading platform to all. As they say it’s “Built for the Traders by the Traders”.

*** Sign up for a QRYPTOS account today to get access to upcoming LALA’s 3rd Official Exchange Token listing…here https://accounts.qryptos.com/sign-up,  as LALA goes live on 14th March’18, Wednesday (SGT/GMT+8).

*** Start Registering and get your KYC process done!

We’re truly humbled and grateful for the continued support from our LALA family, without whom this wouldn’t have been possible.
Thanks for being part of this incredible journey.
With LALA World – Time for change has come!

LALA World Announces LALA’s 2nd Official Exchange Listing

LALA’s 2nd Official Exchange Listing

Dear LALA Family!
We feel euphoric to announce LALA’s 2nd Official Exchange Listing on COSS.io – 12th March’18 Monday, Evening (SGT/GMT+8)
LALA World is expanding into the new frontier of exchanges with our latest collaboration with COSS.io – Singapore based Exchange and a Fintech Innovator.
These are exciting times at LALA World. As promised, we are right on schedule and well prepared with LALA Token hitting two exchanges, on coming Monday.
COSS – Crypto-One-Stop-Solution, is a platform for digital economic system based on crypto currency which delivers a lot more than an average exchange. The platform consolidates all of the transactional aspects generally managed by means of fiat currency and offers services such as token exchange, crypto currency wallets, acquisitions, and transactions.
LALA’s 2nd Official Exchange Listing

It’s an awesome news for both LALA as well as COSS. Also it further enhances our confidence that LALA is on right track and doing good work. We want LALA Tokens to be traded against as broad set of cryptocurrencies, fiat currencies and as many other assets as possible. So, COSS will not only help create a LALA/BTC market, but will also add a LALA/ETH market, helping us with LALA Tokens’ mass adoption.
*** LALA’s 2nd Official Exchange Listing on COSS.io (https://exchange.coss.io/) will be on 12th March’18 (Monday) Evening (SGT/GMT+8).
*** Start Registering and get your KYC process done!
Having a splendid team at COSS and working in one of the most important markets, LALA’s Listing with them surely is a big step forward for LALA World Ecosystem.
We’re truly humbled and grateful for the continued support from our LALA family, without whom this wouldn’t have been possible.
Thanks for being part of this incredible journey.
With LALA World – Time for change has come!

LALA Token Distribution and Token Unlock Schedule

LALA Token

Greetings LALA Family,
We are delighted to inform our contributors and community members that your wait is over. As promised, we continue to deliver on time. Below, you will find details on LALA token distribution and unlock schedule. Thank you for waiting patiently.

1. Token Distribution Schedule
We will be starting the Token distribution in batches from Tuesday, 30th January 2018 onwards.
Due to overwhelming demand and for security reasons, Token distribution shall be released in batches. We are expecting it to complete within a week from the 30th of January, Give or take one day. We would request all members to verify and ensure that they have the correct ERC20 compliant wallet address mentioned in their dashboard profiles (https://tokensale.lalaworld.io).

All Tokens will be distributed strictly according to your Ether address as mentioned in your LALA Dashboard. If anyone needs to change, the address you can do so at the token sale website – https://tokensale.lalaworld.io Please use the “Change” option available in the Tokensale Dashboard, to edit or update the address if required.
LALA World shall not be responsible for incorrect or invalid addresses mentioned by members in their profiles. Any losses incurred due to such negligence will be member’s own responsibility. EXCHANGE ADDRESS on the dashboard will not work. ERC20 Compliant Wallet addresses is required to receive LALA Tokens.

We have devised the well instructed documents below for your ease of understanding the whole process!
Please Click on the links below:
1. https://lalaworld.io/Metamask.pdf
2. https://lalaworld.io/myetherwallet-1.pdf

Please Note: Make Double Sure That You Input a Valid ERC20 Compliant Wallet Address!!
2. LALA Token Unlock Date

As per the original schedule, LALA Tokensale was supposed to be completed by 5th February, with KYC and AML date as announced to be 10th February.
While the LALA Tokensale was hugely successful and we closed early that expected, KYC and AML are yet to be updated by some. It is our legal and moral obligations to give everyone time till 10th February to update their details. Once that is done, we would need about 5 more days up until 15th February to reconcile everything. Tokens shall stay locked till 10 more days after that  to 25th February to prepare ourselves for proper listing in March 2018, to keep our promise yet again of Q1 listing schedule.  Exact unlock time will be released through LALA official email only to contributors and token holders.

For contributors who passed the KYC+AML process, the LALA ERC20 tokens will be unlocked on 25th February.

For those who have been refunded, the tokens will stay locked and will be retired soon after.

The LALA Team DOES NOT ask for ETH or LALA to unlock the tokens. Please beware of Scamsters posting to be LALA and asking personal information, tokens or any money.

All important notices will be announced through our blog and official e-mail address “[email protected]”. We DO NOT Send Individual e-mails!!

If you are unsure if the message you received is an official announcement from the LALA team, please contact us at [email protected]

In order to see your LALA token balance, you must add the custom LALA tokens to your wallet. For step-by-step guidance, please refer to our separate announcement  here: How To Add LALA Custom Token.

Your LALA World
LALA Team will always continue to think about community, real users and investors. As 2018 steps in, we want to stay focused, yet simple. While LALA is focused on financial inclusion, education, health & employment are intertwined into our mission. LALA Token plays a crucial part in this as we expand globally making LALA the currency of choice.

We couldn’t be more excited for what’s to come. With our current processes and development positioned in sync, we are pushing ourselves to ensure that we can meet the grueling timelines we have set. We believe that we are on track, as each day at LALA we make new strides in our vision and come closer to becoming a global phenomenon.
With LALA World – Time for change has come.

Thank you all for your continued support!

Your step wise guide to add custom LALA Tokens to your Wallet

LALA token

LALA Family,
We are delighted to inform our contributors and community members that your wait is over. As promised, we will shortly announce the complete Token distribution process.

To order to see your LALA token balance, add new Tokens, you must add the custom LALA tokens to your wallet. For step-by-step guidance, please refer to below mentioned steps:
You simply need to add tokens to your MyEtherWallet interface.

Step 1. Go to the webpage:
https://www.myetherwallet.com/

 

Step 2. Access your MyEtherWallet.

 

Step 3. Click on the “Add Custom Token” menu located on the right.

Step 4. Input the “Address”, “Symbol”, and “Decimal” as follows.
Enter the LALA Token Address mentioned below:
“ 0xfD107B473AB90e8Fbd89872144a3DC92C40Fa8C9 ”
Symbol :   LALA
Decimal :  18

Step 5. Click on the “Save” button

Step 6. You can now see your new token on the sidebar balance.

The LALA team DOES NOT ask for ETH or LALA to unlock the tokens. Please beware of Scamsters posting to be LALA and asking personal information, tokens or any money.
All important notices will be announced through our blog and official e-mail address [email protected] We DO NOT Send Individual e-mails.

If you are unsure if the message you received is an official announcement from the LALA team, please contact us at hel[email protected]

LALA Team will always continue to think about community, real users and investors. As 2018 steps in, we want to stay focused, yet simple.With our current processes and development positioned in sync, we are pushing ourselves to ensure that we can meet the grueling timelines we have set. We believe that we are on track, as each day at LALA we make new strides in our vision and come closer to becoming a global phenomenon.

Thank you all for your continued support!

Say Hola to LALA!

Welcome to a new financial world that will make you go LaLa!

Well, to give you a very basic idea before we dive into the details, we at LALA WORLD PTE Ltd., have an objective,a vision and that is to integrate cryptocurrencies into the everyday lives of people, making them easy to buy, hold, spend or sell, making this operation cheaper, safer and decentralized. We are here to enable and empower the unbanked and the underserved.

Yes, cryptocurrencies the buzzword these days have attracted a humongous amount of attention in recent times. While the debates regarding their regulations rage on, one thing is for sure- the future of currencies is digital and the “Blockchain Technology” is here to stay!

LALA World (“LALA”) introduces a new financial infrastructure for the underbanked population (and mind you, that population is quiet huge out there) by capitalizing the Blockchain revolution to bridge the gap between cash, digital and the crypto world. LALA, is the new age one stop Wallet based on Ethereum Blockchain, allowing investors to capitalize on the rise of Blockchain, as well as the underbanked into the financial ecosystem. The company was founded in April 2016, in Singapore. By September 2016, our India office was up and running. The year 2017 has seen us expanding to Dubai and Malaysia, and entering into partnerships in Middle East and Africa. The next couple of years will see us taking our footprint into countries like Australia, Canada, UK, Hong Kong, etc. In fact, we are talking about entering the remaining continents on this planet! And of course, before all that, the Initial Coin Offering (ICO) will be upon you! It is coming soon, very soon!

LaLa Wallet services

You would definitely want to know how we want to achieve our objective, right? Well, there are a lot of things that we would be discussing about in the upcoming blogs. 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 by creating a whole new peer to peer infrastructure. Premise of your LALA Wallet starts by creating a single digital identity that you can carry globally – LALA ID, protecting your security on Blockchain and giving you freedom to conduct various financial services, all in one single Wallet. And the wallet is just one of the immediate products that we are offering along with LALA Transfer, LALA Bill Pay followed by other LALA products like LALA Lends, LALA Card, LALA Insurance, LALA Wealth, LALA Kit, etc. that will be available to our customers as we grow. More about them, later!

Know more about us