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Tezos-powered App LYZI To Enable Beaugrenelle Shopping Center With 110 Stores to Accept Crypto Including XTZ And EURL
The Tezos-powered application LYZI will enable the Beaugrenelle Shopping Center in Paris to accept 21 cryptocurrencies including XTZ and EURL.
By: Lee Evans
6 June 2022
Disclaimer
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
LYZI is a wallet, payment network, and loyalty reward program application that facilitates cryptocurrency transactions. The LYZI application: “…will be soon listed and exchangeable and convertible with any other currency ( Lugh, Tezos, Algorand, Euros, Dollars). In other words, you can redeem your loyalty points for cash.”
As stated on the LYZI app website the application will soon be able to be used with both Lugh (EURL) and Tezos (XTZ).
The app enables people to buy and sell cryptocurrencies, use crypto as a payment in stores via integrated POS systems (Global POS), earn loyalty points and receive cashback.
The cashback can then be turned into real cash, or cryptocurrencies such as Tezos.
Zebitex is a French and European regulated exchange that is registered as a PSAN and facilitates trading of over 20 cryptocurrencies.
Soon, XTZ will be added to the exchange and users will also be able to delegate their XTZ directly on the exchange platform.
“LYZI Wallet & ZEBITEX exchange are creating a common token to engage their communities around financial services, payment, loyalty & one inclusive lifestyle APP with blockchain services”.
The LYZI app relies on provider Zebitex, which obtained PSAN registration last year, both for digital asset custody service and digital asset trading platform.
Included as part of the overall ecosystem is the EAZY token which is an FA 2 token powered by the Tezos blockchain and Smart Chain SSII.
The EAZY token will incentivize app usage and be used for rewards.
Global POS are another important part of the setup and provide the: …“Easy2play” solution a global acceptance & payment network of 27,000 points of sale. They will deploy LYZI & $EAZY token in their acceptance network”.
There are also other big partners such as the Lugh consortium which includes Casino Groupe with 11,000 stores and also the Arthurimmo.com French real estate agency network firm with the implementation of 450 agencies.
The system provides benefits for both merchants and consumers and the FA 2 Tezos-powered EAZY token has a utility within it:
The Beaugrenelle Shopping Center
Now, it has been announced that the Beaugrenelle Shopping Center located in the 15th arrondissement of Paris and features 110 stores will start accepting cryptocurrency from Wednesday.
Users will be able to buy the Beaugrenelle gift card with cryptocurrencies, which can be used in ‘all the shops and restaurants’.
The LYZI wallet will be used for this process.
In a press release Damien Patureaux, CEO of LYZI wallet stated (translated using Google):
“We are convinced that the blockchain must be an essential component of the financial and retail ecosystem. We already have 1,500 connected points of sale in pre-marketing”
User onboarding will start in the store from June 8th in order to familiarize the public with the new payment methods.
In order to keep simplicity with the new technology the users will see amount in euros on the application, the equivalence in cryptocurrency is displayed on the screen and generates a QR code.
This way the partner merchant only has ‘to scan the QR code to validate the transaction and be paid in euros’.
Stéphane Briosne, director of Beaugrenelle Paris stated (translated using Google):
“The acceptance of crypto-currencies for the purchase of our gift card is still proof of this today and we are happy to be the first to be able to offer it”
It is not yet clear whether full LYZI app features will be available at the beginning of this projects life-cycle, or whether Tezos/EURL will be an available currency on launch.
Disclaimer
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
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