Lapoyoma Crypto Payment Network for CStore/Gas Station Industry Launches Interest-Free Funding Network to Fund Businesses
In early 2022, crypto payment network Lapoyoma announced the creation of the Lapoyoma YAM Funds small business financing system. This system makes it possible to obtain interest-free loans for CStore and Gas Station businesses. The 0% rate will be available to all business owners who accept crypto payments through Lapoyoma’s decentralized payment infrastructure.
The Lapoyoma YAM Funds project was created to help buyers, sellers, and business owners integrate into the DeFi ecosystem. By attracting more and more crypto-oriented sellers, Lapoyoma eliminates the supply/demand imbalance, which is when more people are willing to buy with cryptocurrency and fewer people are willing to accept it as means of payment.
Lapoyoma aims to become a global token for ordinary shoppers who shop in CStore and refuel cars at the gas station. To achieve this dream, Lapoyoma is developing an open decentralized payment network that will replace traditional banking.
Why haven’t crypto payments replaced traditional bank transfers yet?
Despite the growth of cryptocurrency exchange rates and the endless influx of new users, the crypto payment infrastructure is still in the initial stages of development. Indeed, crypto-currencies are now perceived as a tool for storing and transferring large sums; in everyday life, most people use good old fiat money.
Moreover, although traditional payment methods cannot boast of their security, speed and low costs, most of the world’s population is not integrated into the crypto-economy.
Lapoyoma experts have identified three main problems that prevent the establishment of cryptocurrencies:
The exchange rate for cryptocurrencies can change by tens of percent per day. If the cryptocurrency exchange rate drops at the time of the sale, the seller risks selling the goods not with a profit, but with a loss. Worse still, by accepting payment in a classic cryptocurrency like BTC, business owners are faced with the inability to calculate the final price of goods and services for their consumers.
Lapoyoma solves the volatility problem through the YAM stablecoin, which is connected to the USDT token rate, which in turn is connected to the USD fiat exchange rate. Thus, at any time, the seller can be sure that the payment he received in YAM tokens is fully equivalent to the value of the goods in dollars.
Conventional blockchains can transfer billions of dollars from one point of the world to another in just a few minutes (and with minimum service fees), but this is still not enough for everyday payments in shops and gas stations . Until 2017, a bitcoin transaction required at least 10 minutes to be included in the block. Who would stand at the cash register and wait 10 minutes for the salesperson to see the transaction when there is a credit card in a pocket that allows you to pay in seconds?
Lapoyoma solves the scalability problem by using the ultra-fast Binance Smart Chain (BSC) blockchain. The average block check time for the BSC is about 3 seconds. Thus, the YAM token based on the BEP-20 protocol offers 5 times faster transaction execution speed compared to Ethereum blockchain tokens, and hundreds of times faster compared to Bitcoin blockchain transactions.
- Dependence on the exchange rate of fiat currencies
Reliance on fiat may be the biggest hurdle on cryptocurrency’s path to a great payment future. Due to this problem, traders are forced to fix the price in fiat currency. Therefore, when the cryptocurrency holder wants to pay the bill with digital assets, he uses such payment solutions that automatically convert his cryptocurrency to fiat when paying the bill.
Lapoyoma solves the problem of fiat addiction through the introduction of a simple payment system and QR codes. Thanks to this system, the seller no longer has to worry about irrelevant prices and the buyer does not need to monitor the conversion of cryptocurrency into fiat. Below you will find more information about the payment process via QR codes.
How does the Lapoyoma payment network work?
Lapoyoma is a decentralized P2P payment network that lets you make full use of digital money to pay for everyday goods and services. In addition to low service fees and fast transfers, the service has another significant advantage. All Lapoyoma payments can be made without exposing the information to third parties. Thoroughly tested cryptographic algorithms similar to those used for online banking protect the entire system.
This is how Lapoyoma works:
- the seller uses a pair of keys to generate unique QR codes;
- each QR code contains data for a verified seller account;
- the seller prints QR codes and attaches them to each product;
- users scan the QR code with any smart device;
- users open a web form that collects and saves shopper data;
- YAM tokens are debited from the buyer’s account and credited to the seller’s account.
Using QR codes, Lapoyoma provides real-time crypto transactions without exposing the seller to the risk of cryptocurrency volatility.
Lapoyoma developers organize a payment system based on business needs. These developers have quite a unique background in retail. The list of such businesses includes grocery stores, convenience stores, and gas stations. They also developed the FYBN app, a retailer’s first sales tool. This valuable experience has allowed Lapoyoma developers to create a functional ecosystem based on the needs of small businesses and their customers.
YAM is a stablecoin and the internal payment instrument of Lapoyoma. In addition to the exclusive ability to pay for purchases in YAM, token users can also receive rebates and cashback for using the token.
Today, the Lapoyoma YAM token is available for sale on the P2PB2B crypto exchange. Follow the link to buy or sell YAM.
Binance Smart Chain
Binance Chain Wallet, Trust Wallet, Metamask,
TokenPocket, SafePal, etc.
Since YAM is Lapoyoma’s internal payment method, purchasing goods through Lapoyoma is only available in YAM. This helps predict the demand for the token. The more people use the product, the higher the liquidity of the token. Users will be able to purchase YAM on the platform through any convenient payment option.
Lapoyoma is an entirely virtual network that is already used by thousands of buyers and sellers across the United States. Lapoyoma, like any other form of money, can be used to pay online and offline in regular stores. Thanks to the decentralized structure, users of the Lapoyoma network have exclusive control over their funds, and no third parties can access them.
However, besides simplicity, convenience and security, there are other reasons to use the Lapoyoma payment network. To stimulate demand and reward project participants, Lapoyoma is introducing a series of rewards and discounts.
- Lapoyoma Cashback: With each reservation on the Travala.com site, the user receives 2% of the total cost of the reservation, ie a cashback. The user receives the cashback in the form of Lapoyoma YAM tokens sent to their wallet.
- Smart Program: The Smart Program allows program participants to benefit from discounts of up to 5% when booking millions of accommodations worldwide. Participants can also get an additional discount of up to 3% by paying with the Lapoyoma YAM token.
- Credit card: Lapoyoma credit cards can be used to pay online and offline at retail stores. When a transaction is made, 4% of its sum is sent to the redemption wallet.
Combining fast and flexible payments, a rebate system and low service fees, Lapoyoma creates a truly revolutionary community-driven network for everyone who uses CStore and Gas Station.
Join Lapoyoma to change the future of retail!
More information about the Lapoyoma project can be found here:
Website — Whitepaper — Telegram — Discord
Company Name: Lapoyoma Project
Contact person: Dilip Mooparakath
E-mail: Send an email
Country: United States