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LeisurePay news
About LeisurePay
What Is LeisurePay (LPY)?
LPY Protocol is a decentralized closed-loop blockchain payment and merchant account ecosystem. It is powered by the only wholly-owned black FDIC-insured bank and the first black acquirer in USA History. We bring blockchain and tokenization solutions to merchants seeking fast, safe, and effective payment solutions. Backed by our token LPY, we are dedicated to helping minority-owned merchants access low-cost and no-cost banking and payment solutions.
LPY is the native utility token that is used for:
Fees for processing transactions.
Running validator nodes on the network.
Used for governance votes to determine LPY network chargebacks.
LPY tools include:
Merchant Chargebacks and Refunds interact with the Binance Smart Chain to settle disputes using RCC, ECI, and Credit Card processing.
Leisure Pay transaction is verifiable on the consumer’s bank statement and then on the Blockchain with direct access for the consumer charged for querying the transaction.
LPY process provides a post-return method for consumers that pay with their bank account using a Check/RCC/RDC/RCC/ECI or digitally created check.
Decentralized Dispute System: The BNB smart chain is used to efficiently facilitate full transparency of any disputed payments within the Bank. LPY token backs those reserves via smart contracts with an open dispute resolution center.
LPY decentralized smart contract protocol (based on Binance Smart Chain), LeisurePay provides a portal where customers can log in to make refund requests or dispute a charge. They are assigned an ID to enable a trust scoring system. If fraud occurs at an unacceptably high level, the consumer will receive a correspondingly lower score.
LPY open Dispute Resolution Center, the consumer, has a 20% vote weighting, the merchant 20%, and the bank 60%. The bank’s vote is decided by six validators, each with 10% of the assigned weight. These validators are selected from a qualified and experienced roster of claims assessors, and they earn a fee from each case worked.
How Many LPY Tokens Are There in Circulation?
LPY Protocol launched on August 24, 2021, with 10 billion LPY tokens created.
Where Can I Buy LeisurePay Token (LPY)?
LPY is available for trading on Probit Global Exchange for their initial IEO, with cryptocurrency and USDT.
Popular Tokens on the BNB Smart Chain (BEP20) Chain
The live LeisurePay price today is $0.000503 USD with a 24-hour trading volume of $16.48 USD. We update our LPY to USD price in real-time. LeisurePay is down 0.06% in the last 24 hours. The current CoinMarketCap ranking is #7903, with a live market cap of not available. The circulating supply is not available and a max. supply of 10,000,000,000 LPY coins.
If you would like to know where to buy LeisurePay at the current rate, the top cryptocurrency exchange for trading in LeisurePay stock is currently ProBit Global. You can find others listed on our crypto exchanges page.