DUBAI, United Arab Emirates,
July 31, 2021 /PRNewswire-PRWeb/ --
The Luxury Bank, a subsidiary of The Luxury, the world's premier
luxury lifestyle group, has announced the launch of its new
Point-of-Sale (POS) platform leveraging cryptocurrency as well as
its crypto token, The Luxury Coin (TLB). With the launch of these
two products, The Luxury Bank seeks to meet the demands of today's
consumers for seamless digital experiences while giving them easy
access to the crypto ecosystem as a viable form of payment for
luxury goods and services across the globe.
The Luxury Bank's new PoS system (TLPoS) gives consumers looking
for bespoke luxury goods and experiences an easy new way to pay for
these items. The system is powered by the Binance Smart Chain and
will allow consumers to maintain a digital wallet that they can
easily use to pay for goods at vendors who have adopted TLPoS's
system. This digital wallet can be connected to fiat money sources
or cryptocurrency, including The Luxury Bank's new token, The
Luxury Coin.
When a consumer shops at a retailer leveraging the power of
TLPoS, they enjoy complete control over their payment decisions
with their digital wallet within The Luxury Bank's app, which
allows them to choose what type of currency they want to pay with
at the time of sale. Unlike other crypto platforms, the app allows
instant transactions with no fees. Users can also send and accept
funds more easily to others using The Luxury Bank's digital wallet
without incurring transaction fees.
Retailers adopting TLPoS can specify which types of currency
they accept and indicate their preferred payment type within The
Luxury enterprise platform. TLPoS retailers can also easily set up
customer loyalty, rewards, and credit programs leveraging the power
of blockchain without having to be an expert on how it works. And
because the platform also continues to allow fiat currency, TLPoS
is designed to be a comprehensive PoS solution for retailers.
In creating TLPoS and TLB, The Luxury aims to attract a new
generation of investors who aspire to increase their wealth and
attain access to new experiences. While traditional forms of
investing have been complicated for the average person to access,
the rise of cryptocurrency and investing with it have democratized
the investment industry and are giving rise to a new class of
affluent consumers. By making the entry point into cryptocurrency
easy, more consumers will engage in the digital currency ecosystem,
build their wealth, and spend their money in new ways. The Luxury
seeks to play a part in this investment revolution with the launch
of TLPoS and TLB.
Media Contact
Aiham Saleh, The Luxury, +971
551608484, hello@theluxurybank.com
Aiham Saleh, The Luxury,
00971551608484, hello@theluxurybank.com
Twitter, Facebook
SOURCE The Luxury