2023 is shaping up to be a great year for the LYOPAY ecosystem! We’ve made incredible progress in 2022, launching innovative products like LYOTRADE, LYOMERCHANT, LYOWALLET, and LYOTRAVEL. Now, we’ve got even more exciting things planned — so get ready to learn about the upcoming developments in the LYOPAY ecosystem!
- The LYOPAY ecosystem has reached over 201,000 active users and a monthly volume of USD 500 million in December 2022.
- In 2023, we’re introducing the all-new LYOPAY Pro, LYOBRIDGE, LYOAGENT, and LYOBANQ.
- With a team of 420 members we’re geared up for even more growth and success.
- We’re kicking off the year with the launch of LYOPAY Pro in February.
- Our goal for 2024? To reach a daily volume of 500 million USD, and grow our client base to 3–5 million users.
Now, a snapshot of the milestones in 2022.
We developed our ecosystem with several products, growing and strengthening the community! What products were launched?
The LYOPAY project has certainly evolved since its initial launch of the LYOPAY App — our cryptocurrency payments application made to store, exchange, buy and sell cryptocurrencies. This application remains a milestone in the project, connecting fiat and cryptocurrencies to easily exchange traditional money into cryptocurrencies and vice versa. In 2022, the project extended its reach, making the EUR (€) account accessible to customers not just in Europe, but all over the world.
LYOTRADE is a regulated and licensed exchange, which went live in February 2022. The perfect place for newbies in crypto and professional traders for Spot, Margin, Futures, Grid, and ETF trading. Aside from trading, during the year we added services such as crypto loans, staking (with USDT and LYO), and the purchase and selling of cryptocurrency using card and wire transfer.
Online since November 2021, LYOTRAVEL has combined the passion of crypto and travel. In 2022 it established important partnerships with IATA, International Air Transport Association, providing flights from Delta Air Lines, Lufthansa, British Airways, Emirates and other top airlines. Affordable pricing and paying with BTC, ETH, BNB, LTC and LYO.
To satisfy people in the community looking for an app with decentralized services, we created LYOWALLET, non-custodial wallet. Live from June 2022. Once downloaded on the smartphone, it offers services to buy cryptocurrencies and trade digital assets without sharing any information with the app. Any sensitive data is 100% protected and stored only on the smartphone.
LYOTECH LABS provides full technical support for the LYOPAY Ecosystem and provides services that manage clients’ servers. It also develops software and hardware products such as smartphones, tablets, laptops, and smartwatches. We presented the products at the Future Blockchain Summit 2021 and Future Blockchain Summit 2022 in Dubai, and opened sales for the LYOPAY CoolWallet-S cold wallet.
The Project is getting ready to take a big leap forward. We will be introducing new features to our current products, and we will be going live with LYOBANQ, LYOPAY Pro, LYOAGENT and LYOBRIDGE. Let’s explore these new products and amazing milestones!
It’s time to focus on our native app.
- Multilingual:The portal is expanding to include additional languages in addition to the existing English.
- Corporate Account: to allow companies to deposit, withdraw and exchange cryptos.
- Client Report: for taxation, to assist people in reporting taxation in different jurisdictions.
- New Interface Design: a more user-friendly interface for easy navigation.
- Staking: a new staking service to collect token rewards using PoS technology.
Docs and Guides: https://docs.lyopay.com/
Our exchange will grow and become a benchmark in the crypto market.
- Task Center: an area to complete actions and win tokens, published in early January with the 10trade Challenge (active until February 28th!).
- Saving Service: hold BTC, ETH, USDT to earn rewards without a lock-in period.
- Social Trading: observe the trading behavior of peers and expert traders, to effectively manage your funds.
- Pix Withdrawals: services for users in Brazil for the easy adoption of cryptocurrency.
- Mobile Top-up: add credit to your mobile phone using crypto.
- Virtual Card: connect to your wallets and pay online.
- Gift Card: active in 5,000 shops worldwide.
- Multilingual: Spanish, Chinese and more languages coming soon.
Docs and Guides: https://docs.lyotrade.com/
We’re traveling this year, that’s for sure. Especially with the prices of LYOTRAVEL added to the expected growth of Bitcoin!
- Convenient Prices: thanks to the partnership with IATA we will see new routes and even more accessible prices.
Docs and Guides: https://docs.lyotravel.com/
Safe and independent with the non-custodial wallet. Arriving:
- 50 New Coins: new tokens will be added during the next months for transacting and trading in a Dex way.
Docs and Guides: https://docs.lyowallet.com/
The phase that will make it the favorite product of the community is coming.
- Smartphone and Hardware Production: prototypes tested, sales to the public open this year!
- First Store in Dubai: we will open the first store in the UAE to purchase the products.
- Company Opening: the opening of company bases in seven countries is in the process.
- Landing in the USA: the business also expands on the USA market.
- Embedded dApps: in addition to hardware, we will launch software, with a focus on 100% privacy.
LYO Credit (LYO) is the token created to work in the LYOPAY ecosystem of business applications. We reached a total of 1.5 Billion USD volume from all the exchanges where the token is listed. Now available on LYOTRADE, Coinstore, BitMart, Lbank, Bibox, Coinsbit, HitBTC, and BitForex.
- 10 New Exchanges: listing on new exchanges planned, to reach a wider audience and increase the transaction volume.
LYOMERCHANT is a payment gateway to accept cryptocurrency payments in online shops or physical stores.
- Official Launch: The service is already live, and soon will be officially launched in March! Available currencies to accept payments are BTC, BUSD, USDT (ERC20 and TRC20), LYO.
- Invoicing and Report: feature will be added to create invoicing and incoming report.
- Multilingual: many languages are coming to reach all worldwide retailers.
LYOBANQ is a neobank for B2B and B2C digital banking services in 190 countries, supporting 38 currencies all in the same account with Forex trading features.
We are excited to announce our launch soon, the official date will be announced in March — a few time later than initially planned, however, we are taking the extra time to ensure that all final tests are completed before we go live!
- Private and Corporate Accounts
- SEPA & SWIFT: clients can carry out transactions within Europe with the SEPA system, which are processed in just a few minutes. LYOBANQ also supports SWIFT transfer, to send or receive money to and from banks worldwide.
This month, February 2023, we go live with the awaited LYOPAY Pro, payments application with cryptocurrencies and fiat money available in 150+ countries. Payments, crypto wallets, crypto trading, branded cards, concierge service: all in one app.
The cards will be available for purchase in March: available in aluminum, gold-plated, and solid gold.
The bridge that enables cross-chain transfer of tokens from one blockchain to another. The user will connect their wallet, select the tokens to transfer along with the chain originating from, and destination chain, then proceed with the bridging activity. Live with ETH/BSC, and LYO/ETH.
White label and API services for crypto-tools. Solution for companies to start working in the Fintech sector. We are finalizing our dedicated team for white label services, firstly for LYOTRADE Agent platform and LYOMERCHANT Agent platform.
Give Before you receive, this year we have plans for food donation during Ramadan, and the Water Project to build five water wells in Burkina Faso. A community function will be added to donate with crypto and support LYOCARE initiatives.
Getting ready for the future.
- LYOPEDIA: We are structuring an academy with training modules on cryptocurrencies, blockchain and financial technology. Online training to support people discovering a new economy.
- Global Expansion: We aim to reach more countries with our products, supporting the mass adoption of cryptocurrencies.
- USD 500 Million Daily Volume: Achievable goal with at least 3 million users in the ecosystem. And we will reach it!
With a ton of innovative products in the works and a thriving community, 2023 is set to be an epic year for the LYOPAY ecosystem. So, are you ready to join the revolution and be part of something truly groundbreaking?
The LYOPAY team is dedicated to spreading the love of crypto to a wider audience and developing cutting-edge products that deliver unbeatable value to their community.
Keep your eyes peeled for the latest and greatest from LYOPAY in 2023 and beyond, follow our social media pages: