The Libra Ecosystem is a blockchain-based platform built for providing solutions to current problems and for the betterment of eCommerce businesses. It will help businesses to find investors, vendors to generate more revenue, and users perform cross-border e-commerce transactions through cryptocurrency in a safe environment. The Platform will utilize Libra Coins and Libra Wallets.
It will also provide more payment options, especially Ethereum-based cryptocurrencies, and also provide guidance and resources to add these advanced payment options into current eCommerce business models. The Libra Ecosystem will also keep data secure with Decentralized Systems and also try to lower the prices while keeping vendors in profit.
The Libra Ecosystem project has been created with a focus on solving the various challenges of the e-commerce industry and to provide a blockchain-based solution for e-commerce operators, dealers and customers to conveniently and securely make/accept digital payments globally.
Traditional e-commerce systems lack access to advanced payment methods like cryptocurrencies and are prone to many other issues such as huge competition, high middleman cost, lack of data security, high complexity, and fraudulent actors.
The integration of blockchain into existing e-commerce systems will not only make global payments faster and more cost-efficient but also it can make the entire e-commerce supply chain more efficient by streamlining operations like tracking, order management, customs and payments. At the same time, Libra blockchain can also be used for other related services including identity verification, fundraising and investment management, etc.
Libra Coin has already been listed and is being actively traded on top exchanges such as xt.com. We also soon plan to launch our own DEX (decentralized exchange).
The product development deadline may not be final and is subject to change based on feedback received from our initial customers.
Q1-Q42019
Q1. Research and Development
Q2. Team build up
Q3. Coin Design & Analysis
Q4. Develop White paper
Q1-Q62020
Q1. Platform development begins, Beta release
Q2. Smart Contrat Implementation
Q3. Event integration begins,
Q4. Libra sale planning
Q5. Ecosystem Distribute Coin
Q6. Listing on exchange
Q1-Q52021
Q1 Libra Coin Public Sales
Q2 Listing on XT Exchange
Q3 Migration from (ERC-20) To (BEP-20) due to high gas fees
Q4 Launching the Blockchain R&D Centre
Q5 Launching Online E-Shop
Q1-Q72022
Q1 Launching Libra to Fiat exchange
Q2 Launching Finance Solutions App
Q3 Release of Libra's Credit Card
Q4 Launching Libra Loan
Q5 Launching Libra's ATM Machine
Q6 Launch wallet and exchange for iOS & android
Q7 Launch Libra QR code payment system
Libra PayLibra Pay, or LC Pay, is a dedicated and highly secure digital payment platform available in the form of a convenient smartphone app that can be used to send/receive cryptos on the go to anywhere, anywhere in the world. Easy and unrestricted access to the world’s most secure and feature-rich crypto wallet with support to a large number of cryptocurrencies.
Use your Libra Pay wallet to securely hold as well as transfer cryptos anywhere in the world. Besides, you can also now trade your favourite cryptocurrencies right from the LC Pay Wallet. No need to sign up with a separate exchange or pay huge commission fees. Easily send/receive top cryptocurrencies to/from any person. Libra Coin transactions are secure, convenient and low cost.
In your Libra Pay wallet app, click on settings to manage your user profile, password, etc. Forgot password? Use the reset password option to change your wallet password. Make sure to enable 2FA (two-factor authentication) to further increase the security of your wallet. Other options include Withdraw History, KYC, Knowledge Base, Email Support, etc. Users can any time check their wallet transaction (buy/sell) history in the app.
The Libra Pay Wallet supports major cryptocurrencies including ETH, BTC, TRX, and LC. in addition, it supports INR fiat currency, allowing users in India to easily buy/sell cryptocurrencies.
Libra ExchangeLibra will soon launch a crypto-to-fiat exchange, allowing more and more people to join the crypto revolution, i.e. buy and sell cryptocurrencies using fiat currencies such as dollar and INR.
It will be a regular centralized exchange but with the highest security standards and the lowest transaction cost. Libra will be using some of the blockchain features, such as encryption and peer-to-peer trading facility to ensure a smooth and very secure experience for its exchange users.
For the users of the Libra Coin, the trade fee will be lower than normal.
In the first phase, the Libra Exchange will support a number of top currencies based on (BNB XRP TRC ETH etc.). The users will be able to buy-sell their favorite coins on the Libra exchange using the Libra coin or a supported fiat currency with a bank account.
Expected Launch: 1st Quarter of 2022
Libra Market PlaceThe Libra Marketplace has two components: LC Money and Libra E-commerce.
LC Money is a comprehensive financial services system available in an easy-to-use mobile app form. We aggregate different financial services and provide them to 500Mn people, especially those with limited access to traditional financial services, through a network of retailers acquired in bulk via Corporate tie-ups.
Our marketplace will cater to services like Cash deposit, Cash withdrawal, Insurance, loan, travel bookings, recharge, bill payments, and more. It is increasingly felt that rural populations need assisted self-service and assisted full-service options. We are in B2B and B2C space covering retail networks, mobile-based organisations, kiosk-based organizations, both in rural and urban India.
In addition, we will soon launch a dedicated e-commerce marketplace service that will allow our retail partners and dealers to showcase and sell their unique products/service through a dedicated and very secure portal while allowing customers to pay securely using cryptocurrencies such as ETH and Libra Coin through their LC Pay wallets from anywhere in the world. The service/marketplace will be readily available for integration into existing shops or e-commerce systems, allowing retailers to offer financial services conveniently from their shops.
The Libra e-commerce marketplace is expected to launch by the end of 2021.
Libra AtmLibra ATM is a hardware-based utility that will allow users to easily withdraw cash from anywhere in the world. The mini ATM will be placed at partner retailers and merchants all over the world, allowing our customers and users to withdraw money at their convenience. Further, the ATM Machine will be seamlessly integrated with the Libra Pay mobile app for quick and easy cash withdrawal.
Forgot your Libra Card? No worries. Now you can withdraw cash using your Libra Pay app.
Libra Ecosystem, a blockchain-based ecosystem that offers secure & low-cost crypto payments for eCommerce businesses, is all set to start setting up its ATM network, allowing users to buy LibraCoin (LC) and a number of other cryptocurrencies using a cash card.
The Libra Ecosystem crypto ATM will be first launched in India. The company will start setting up ATMs across the major cities of India in phase one. The next phase, i.e. phase 2 will include the launch of Libracoin ATMs in other countries.
The primary goal of the Libracoin ATMs will be to make crypto payments more accessible and convenient for people worldwide. It will allow users to Buy & sell cryptocurrencies anytime, from anywhere with a Libra coin ATM near you. Private transactions without middlemen - LC ATM allows you to make transactions without KYC verification and in a totally peer-to-peer fashion.
CardFor easy access to services like the Libra ATM, we will also be launching our own finance service card, called the Libra Card. It will be a digital payment card that could be used as a standard debit card for secure offline/online payments anywhere in the world. The money will be directly debited to the linked Libra Pay wallet account. In order to make a transaction, the user must have funds in his/her wallet. To load funds, use your Libra Pay mobile app.
Where can you use the Libra Card?
Libra cards can be practically used anywhere where a standard debit card or credit card can be used. Our ecosystem users can use their Libra Cards to withdraw money from Libra ATMs. In addition, they can use the card to pay for services/products at any online/offline merchant.
Libra Card and software is currently in the development process and is expected to be launched by next year. Stay tuned for updates.
PoS SystemLibra is also working on building a one-of-its-kind PoS (Point of sale) system for the benefit of the platform users and partners. The Libra PoS will work the same as any standard POS system, where customers will be able to conveniently and securely pay for their services. These systems will be readily available to be integrated into any existing shops and retail store terminals.
Benefits?
The Libra PoS system will be a comprehensive account management and billing system for retailers, which will effectively manage everything from payments to bills, invoicing, taxation, discounts, offers, coupon codes, user profile, mobile number, and other details.
New AppsAs an open-source and multidimensional blockchain ecosystem, Libra will continue to develop and launch next-gen products and services for the benefit of its users. We will keep introducing and adding new products/apps to the Libra Marketplace, giving our users more and more reasons to use the service and get maximum benefits out of it. As the market value of the Libra Coin increases with the increase in use cases and demand, we will continue to listen to our customers’ requests and build advanced blockchain solutions to meet their needs.
Also, the Libra Ecosystem will allow third-party developers and companies to build their own products on Libra’s public blockchain and offer services to our users through our highly secure and global payment system powered by the Libra Coin.
Libra Coin is already being traded and used by thousands of users. The coin value has nearly doubled in only a few months since its launch.
