As one of the most whole lot of innovations in the cryptocurrency market today, Lama is a user-friendly platform allowing cryptocurrency lovers to pay and receive payments in fiat and digital currencies easily and instantly.
Established to attract innovative blockchain tech financial services to the mass market in a way that is easy, uncomplicated, friendly, and trustworthy, the platform offers numerous financial features to save, store, earn, and manage digital currencies through one app.
The industry of digital currency has been growing in the previous decade since its humble beginnings with Bitcoin (BTC) in 2009. To date, the innovation industry has grown with thousands of different digital assets ranging from crypto altcoins, crypto stablecoins, and utility crypto tokens to NFTs.
There has been a whole lot of boost in the adoption of digital currency, and people are using it for everything.
More corporations are accepting digital currencies as payment. More individuals are using digital assets for peer-to-peer transactions. Similarly, investors are seeking exposure to the cryptocurrency market.
Without a doubt, digital currency has numerous advantages. It is quicker, safer, and more transparent rather than traditional fiat currencies. This likewise makes digital currency superior to fiat currency in numerous ways.
Lama helps you leverage all these advantages in your daily life.
What Is Lama All About?
Lama makes the cryptocurrency world work just about anywhere in the real economy.
There are numerous services for customers and enterprises, including cryptocurrency wallets, and Euro accounts, likewise as a real-time exchange feature available on the platform for instant conversion of cryptocurrency and traditional currencies.
You can open a Lama account with cryptocurrency wallets and IBANs. Lama accounts provide wallets for Bitcoin (BTC) and other digital currencies along with Euros and GBP.
The decline in value of the digital currency market worldwide in the spring of 2022 impacted digital currency growth worldwide and led to the loss of investor enthusiasm and negative investment price movement, but Europe with the national regulations did not face severe consequences.
As of now, governments and regulatory authorities are still working out ways to govern the uses of digital currency to guard consumers and enterprises from fraudulent activity.
Similarly, numerous preventative measures are implemented to fight illicit cryptocurrency uses. It likewise leads to a growing change as platforms seek legitimacy, governments seek regulation, and the two parties are working together to reach a mutual goal.
As Safety and Regulatory Compliance takes priority at Lama, the platform is PCI DSS compliant, ISO 27001 certified, and has been audited.
Additionally, it is officially an outsourced Service Provider of a European E-money company and registered by the Register of Legal Entities of Lithuania for the provision of digital currency services.
The Lama App
Fintech has created whole lot of value in the last 10 years with better products and services for connecting worldwide finance and supplying more opportunities for the average user.
Cryptocurrency exchanges have added whole lot of value likewise, innovating and introducing more products and services, and explaining the world to decentralization.
These two areas merging together will leverage the best of both and create new products and services that neither alone could provide.
Lama has partnered with Visa to be able to assist develop a new way for Visa customers to buy and sell, and even to create a mass market experience.
Lama is where cryptocurrency and fiat meet in one app. It offers traditional currencies and cryptocurrency wallets with debit cards available for users to pay, receive, and hold in traditional currencies and cryptocurrency. On the other hand, you can likewise trace real-time, key financial market information through the Lama app.
Furthermore, this likewise helps to cut down on payment processing costs and expand business opportunities.
Corporations can open cryptocurrency accounts, accept payments from clients, pay employees in cryptocurrency, and invest cryptocurrency in secured plans. Significantly, the platform offers to all cryptocurrency corporations that are not able to open a bank account, the potential to open a Lama account and have fiat accounts.
With the purpose of supplying a very easy way for everyone to trade and follow the Non-Fungible Token (NFT) market, the Lama application will provide an Non-Fungible Token (NFT) marketplace in Q3/Q4 2023, which will allow users to follow the Non-Fungible Token (NFT) collection, receive and transfer Non-Fungible Token (NFTs) to and from their Lama account, and buy/sell NFT’s.
This enables those who are newbies into the cryptocurrency space or not blockchain tech specialists are able to trade Non-Fungible Token (NFT) as well.
Along with virtual and physical Lama Visa cards for users to spend cryptocurrency in any physical shop or online, you are likewise able to get interested paid in your Lama cryptocurrency earn account via Cryptocurrency earn account.
Lama likewise has more opportunities to explore so you can grow your cryptocurrency fund balances through a range of exciting cryptocurrency financing products, including those in the Metaverse network with Cryptocurrency financing accounts, and obtain an instant cash loan against your cryptocurrency with Cryptocurrency Loan function.
The Lamas NFTs
The group has developed a series of artsy Lama collectibles, each one in the form of a unique Lama Non-Fungible Token (NFT) for users to buy, sell, and hold their Lama NFT’s inside or outside of the Lama app.
The Lama Non-Fungible Token (NFT) Vault is planned to be launched in the summer of 2023 that is built to solve the issue of Non-Fungible Token (NFT) storage for mass market people. You may know that hot and cold wallets are as of now the primary means for storing and exchanging digital currencies or other digital assets.
Although while hot wallets are internet-enabled and online, cold wallets are offline. Because it’s less possible to hack so that it is less vulnerable to loss of digital assets, a cold wallet offers more security benefits.
This likewise describes why cold wallets have gained rapid adoption after the implosion of a large centralized cryptocurrency exchange that collapsed in November 2022 that left numerous users’ digital assets frozen or gone. Several of the top cryptocurrency platforms recognize this and have worked together with cold wallet corporations to provide a seamless solution for users.
Lama has partnered with Ledge to sustain security using cold storage using a Ledger Vault, making the procedure of getting Non-Fungible Token (NFTs) on a Lama Non-Fungible Token (NFT) vault address user-friendly. Non-Fungible Token (NFTs) will be automatically and completely transparently retrieved from cold storage using the platform’s cold storage key when you request.
The Lamaland Metaverse
Was known Lamaland, the Lamaland Metaverse network is a digital place where Lama users meet and exchange through events.
Why Should You Use Lama?
It can be seen that what makes Lama unique is the ultimate combination of traditional and modern finance, cryptocurrency and fiat, in one app.
It was designed and built for the mass market by removing all unnecessary crypto-related features, easing access to cryptocurrency, and offering a simplified user journey to cryptocurrencies and fiat.
The fact that Lama is regulated by fiat implies that its compliance and safety procedures meet high standards.
Lama accepts fiat deposits and withdrawals IN and OUT of major exchanges such as Binance Crypto exchange, Kraken, and more.
With these tools, a user can use Lama fiat services with these exchanges. It is important as numerous users have trouble making fiat deposits and withdrawals with their exchange accounts.
Lama is the only platform to offer access to both Fiat and Digital currencies in one app, while at the same time being regulated and offering Visa cards.
Lama not only strives to offer a product that users can rely on, but it likewise offers the user experience built around the idea of giving access to cryptocurrency for all.
As digital currency has evolved a more whole lot of factor in the worldwide financing landscape, Lama may be one of your most trusted and easy-to-use solutions for cryptocurrency investments!