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and a desire to improve the lives of the less fortunate.

By providing these services to the migrants An added bonus is that since LALA uses and the unbanked, they will have access to fiblockchain, NGOs and aid organizations will nancial services at the tip of their fingers. They be able to use the platform without havIn the past, banks have stayed out of these will be provided opportunities for ing to worry about money being markets because they are not able to adequate- micro-lending by LALA investors lost to corruption because blockly assess risk due to lack of IDs and unreliaand peer-to-peer loans from LALA chain transparency provide an ble credit scores, intermediaries and financial Community. By using LALA, comeasily auditable distribution of data. This not only means that the unbanked munities will also be able to create funds. don’t have access to bank accounts, but also grassroots ecosystems to contribthat they miss out on financial services such as ute to furthering projects that will LALA WORLD USES Migrants work hard, BLOCKCHAIN AS A FORCE loans, which perpetuates the cycle of poverty. benefit everyone. and the worst part FOR GOOD is that their kids will As for economic migrants, having access to a LALA Transfers will finally alThough tourists and expats who low cost banking service at the tip of their finlow economic migrants the libmost likely end up go- do have access to financial sergers, they will be able to more easily send mon- erty that they need when sending through the same vices can use LALA World, it was ey abroad and ensure that their money makes ing money home to their famideveloped with a different pophardships. it to its desired location. The LALA World platlies. These transfers will be manulation in mind. LALA has creform will provide higher levels of security and aged by users themselves and will ated a system that best serves NGOs and aid organi- the migrants and the unbanked transparency than ever before, meaning that provide cheaper, more efficient remigrants and the unbanked won’t be at the mittances globally. Since migrants zations will be able to as a way to help provide the help use the platform with- they need to help them improve mercy of expensive intermediaries. will no longer have to go through intermediaries, they will no longer out having to wortheir living conditions. ry about money beUltimately, the team behind LALA want to have to pay exorbitant fees for provide the tools that will allow these popula- transferal services. ing lost to corruption Providing financial services to tions to pursue viable economic futures. all is a step in the right direction because blockchain There are also many other servictransparency provide in providing better opportuniHOW IS LALA WORLD HELPING? es offered by LALA’s platform that ties to individuals worldwide. an easily auditable LALA World will change all of this through its will simplify financial transactions Without companies like LALA distribution of funds. World, that have a vision for a decentralized, peer-to-peer mobile banking for the unbanked. These range platform. Each user will have a LALA Wallet, from credit cards that will allow better world and use technology which contains a digitized ID in addition to for more liberty, to streamlined in pursuit of their mission, the basic banking services such as transfers, loans, bill payments for all. For more details on these poorer populations in the world will continbill payments, and crypto or fiat cards. services, check our LALA World’s white paper. ue to suffer. 33

ICO Crowd Magazine Issue 4  

D10e’s Mike Costache, Senero, Aragon,Ocean Protocol and many more...

ICO Crowd Magazine Issue 4  

D10e’s Mike Costache, Senero, Aragon,Ocean Protocol and many more...

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