- Lynchpin Token Jumps On The Journey To Make Digital Assets Spendable
Following the launch of the official Lynchpin Token platform at the end of 2018, we continue our mission to bring utility into the crypto market. Our motto, “making digital assets spendable” defines our mission and vision for the entire project; and that is to eradicate volatility and build intrinsic value for cryptocurrencies. In partnership with LynPay Payment Solutions – one of our main partners – the team at Lynchpin Token recently unveiled its much awaited LynPay Debit Card; currently a prototype that is being tested by the internal team. Watch our introductory video HERE.
An overview of the LynPay debit card
In the simplest terms, the LynPay debit card allows you to convert cryptocurrency into fiat to make different payments for specific goods and services included in each of the card’s membership plans. It enables users to convert crypto to cash by linking it to an exchange that accepts USD/LYN pairings. Following a successful trading transaction, USD will be deposited on the user’s card to facilitate purchases. To get the card, you would have to be a Lynchpin Token advocate and acquire LYN tokens; the only acceptable payment method. Following a successful private sale dedicated exclusively to accredited investors, at this point we’re focusing on the official launch of our LynPay Debit Card.
Introducing the LynPay debit card experience
The LynPay Debit Card will be made available to three main types of members: Gold, Elite, & VIP. Holders of the debit card will be able to enjoy different perks based on their chosen package. Our goal at Lynchpin Token is to combat volatility and provide our customer base with a unique service that exceeds their expectations.
Most cryptocurrencies have been proven to lack intrinsic value. Many don’t have a value proposition. We, at Lynchpin, believe in creating an ecosystem backed by a cryptocurrency that acts as a store of value. With the LynPay debit card, we make cryptocurrency digital money spendable in real-time. What can you do with the debit card?
- Gain access to 1200+ airport lounges worldwide and benefit from a variety of perks
- Enjoy from exclusive activities – yacht trips, sport events, super car rides
- Take advantage of travel concierge
- Get extra points for every spending you make to redeem rewards and goods from gobuybid.com, our 2nd use case; an upcoming merchant platform where you can only use LYN tokens to purchase high-end, luxury goods.
- Elite members can get 1 yearly return on business class tickets & various cashbacks
- Premier members can get 1 yearly return on economy class tickets & more
How does the LynPay debit card work?
Following the successful launch of the LynPay debit card, the next step will be to link it with the main LynPay wallet app. For members to use the debit card, ( Look at the schedule to understand what you need to do to get yours) first they would have to top up their card (e.g. Gold, Elite, & VIP) using various payment methods via the LynPay app. Registration on www.lynpaysolutions.com will begin on May 1st, 2019 ).
The LynPay app
In order to use the LynPay debit card, all of our members will have to download the LynPay app on their smartphone. We have planned to begin beta testing early May 2019. The app will be made available for both iOS and Android operating systems and one of its key features will be the QR code payment solution. At the time of writing, it is created to support four currencies:
In the initial stages, we will launch the app with 2 cryptocurrencies: LYN and ETH. Following this step, we will also add BTC. The tech team at Lynchpin Token has been working hard to provide flawless user experience; therefore, we would like to announce that we have found a solution for merchants and users to accept cryptocurrencies onto the LynPay wallet as payment for making transactions. We strongly believe that this step will get us closer to changing the way the world sees cryptocurrency!
Below, we are presenting you with some pictures with our LynPay app prototype:
1. App overview
Featuring a user-friendly interface, the LynPay app will be made available on both iOS and Android store at: https://lynpaysolutions.com. Following the successful completion of your sign up process, signing in will require a username and a password but the team is looking to enhance the security
feature with biometric
2. Currency transactional process
Since LynPay Payment Solutions is a company based in Singapore, the main goal is to engage in local promotion. “Start local, go global” is yet another motto that we believe strengthens our unique selling proposition. On top of accepting cryptocurrencies, the Singaporean dollar payment will be made available once SVF license is approved by the Singaporean government.
Developed by LynPay Payment Solutions in collaboration with Lynchpin Token, the LynPay Debit Card will have special perks for each chosen package. Based on the type of card chosen, users will finally benefit from an all-in-one solution for making payments – either in crypto or fiat. By launching a debit card integrated within an app that provides a wide variety of services and products, we will finally bring adoption closer. The LynPay Debit Card and LynPay app are currently under development, although the team at Lynchpin Token is working hard to abide by its roadmap and bring our a product that can actually make digital assets spendable.
We’re constantly making improvements by testing our pioneering technology to make sure it lives up the expectations of the world. Creating intrinsic value and improving on the utility proposition of our token remain our core principles. If you’d like to join us, the time to purchase your LYN tokens is now. Stay tuned as we’ll be posting more updates on the progress of our app and debit card!