Gateway to decentralized business

DUBAI, United Arab Emirates, July 11, 2024 (GLOBE NEWSWIRE) —

Laqira Protocol recently introduced LaqiraPay payment solutions to the cryptocurrency industry, which effectively solved the problems of traditional cryptocurrency payment portals. LaqiraPay is a fully decentralized, asset-agnostic, multi-network payment solution that was also introduced by the Chainlink ecosystem.

LaqiraPay operates as a completely decentralized payment solution. This means that every step of the transaction process, from receiving funds from customers to delivering them to suppliers, is carried out through a decentralized application built on the blockchain. Such a system operates without the interference or observation of any third party, providing an anonymous, direct, and secure transaction environment.

LaqiraPay provides dedicated transparent on-chain financial reporting for each provider. The financial reporting provided by LaqiraPay not only enables efficient transaction tracking and analysis, but also facilitates the provision of transparent reporting to authorities such as tax offices if needed.

LaqiraPay offers a wide range of payment services, including:

• Plugins for e-commerce sites
• Public mono links
• Specialized Mono-Links
• Point of sale (POS)

These solutions are designed to meet the unique needs of businesses and consumers, ensuring smooth and efficient transaction processes. By integrating LaqiraPay payment services, e-commerce platforms can enhance their payment capabilities, providing customers with a seamless and secure transaction experience. Additionally, the availability of public and specific mono-links facilitates quick and easy payments for both general and targeted transactions, while POS systems support in-store purchases, streamlining operations for brick-and-mortar businesses.

Integrating each of the above solutions offered by LaqiraPay is exceptionally easy for vendors. LaqiraPay solutions are designed with ease of use in mind, ensuring that even those with limited technical knowledge can implement each of them effortlessly. Detailed documentation and dedicated customer support further simplify the integration process, allowing vendors to quickly start accepting cryptocurrency payments.

LaqiraPay is asset-agnostic. As such, any asset with sufficient liquidity on the network can be listed on LaqiraPay, allowing customers to make purchases using those assets. Meanwhile, at the destination, merchants receive stablecoins such as USDT, ensuring price stability and mitigating the risk of market volatility. This dual-benefit system not only broadens the range of payment options available to customers, but also provides merchants with the assurance of receiving a stable and reliable form of payment.

To encourage LaqiraPay users, a cashback system has been established for customers. This system rewards users with a percentage of their spending that is returned to them. In addition, customers who choose to pay via LaqiraPay will receive tickets for a periodic lottery program and will have a chance to win a huge prize. The lottery program is fully on-chain and decentralized. At the deadline, a random number generated by ChainLink’s Verifiable Random Function (VRF) service will determine the winner’s address, and the winner can withdraw the entire accumulated prize pool using this address.

With the automatic detection of the correct network, destination address, assets and required amount in the LaqiraPay system, all the concerns related to asset loss by inexperienced users have been completely resolved. This advanced feature ensures that transactions are accurately processed without the need for much user input or expertise, significantly reducing the risk of errors. By safeguarding against common errors that can lead to asset loss, LaqiraPay increases user confidence and security, making it accessible even to those who are new to crypto digital transactions. This innovation not only improves the user experience but also promotes wider adoption by offering a reliable and user-friendly payment solution.

In LaqiraPay, the required amount of a specific cryptocurrency for each transaction is automatically determined using Chainlink price feeds. This integration ensures that the value of the cryptocurrency is accurately calculated in real time, reflecting the latest market rates. Using Chainlink’s reliable and decentralized oracle system, LaqiraPay guarantees precise and transparent prices for each transaction. This approach increases payment accuracy and builds trust among users, knowing that they are making transactions at fair and up-to-date market values.

Website: https://laqirahub.com
Social Media: https://linktr.ee/LaqiraProtocol

Blue Osivand
[email protected]

Disclaimer: This content is provided by Laqir Protocol. The statements, views and opinions expressed in this column are solely those of the content provider. The information contained in this press release does not constitute a solicitation for investment, nor is it intended as investment advice, financial advice or trading advice. You are strongly advised to conduct due diligence, including consulting a professional financial advisor, before investing or trading in cryptocurrency and securities.

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