October 25th, 2017 at 8:09 am UTC · 3 min read
Using crypto-currencies for payments is gaining more and more popularity—this instrument guarantees anonymity and maximum safety, which is important in our cyber fraud era.
Introducing new functions and providing users with an opportunity to pay with crypto-currencies opens new horizons for the broker and paves their way to new markets; this is why Larson&Holz, which has been in the market for over 13 years, has announced creating a crypto version of a Forex broker.
A new crypto broker, a new division of a well-known Forex company, where cyber money will be both an investment instrument and a means of payment. An opportunity to trade new popular instruments will attract the attention of traders community and will give them another tool for earning. This is a so far free niche, but very soon it will become highly demanded in the whole world.
It’s not another exchange platform the company is creating; it’s a full-featured crypto-broker. The clients’ accounts, deposit and withdrawal operations will be processed only in crypto-currencies. At the final stage of the project – in broker’s tokens. It is a minor modernization that would radically change the broker’s economy. It will allow it to work with regions of harsh financial regulations, where the government has not given Forex brokers any chance. In other words, the company will manage to make transfers to and from China, India, Vietnam, Thailand, Malaysia, many Arab countries, etc., so Larson&Holz will enter a huge market and will manage to work globally without real offices in the country.
The broker which makes transactions and keeps funds in crypto-currencies will manage to perform in different regions only via the Internet and, therefore, will not need to acquire any licenses. It will enable the company to attract more clients and will reduce the transaction expenses from 6% to 1%. This is how switching to crypto-currencies will help the broker get a large audience which is well acquainted to the crypto-economics and has spare funds in crypto-currencies. The project will increase the client base and, consequently, the company’s revenues.
The company’s revenues will instantly become investors’ profits—the LHCoin token will definitely grow in price. Apart from that, investors will manage to earn several different ways. Apart from the token market rate, CASHBACK Program and Early Bird Bonus they will also earn by attracting new investors and being rewarded for it.
Larson&Holz come with a new project to the ICO community, and, according to George Pavloff, the Board member, the company has high expectations about the project.
Mr Pavloff has indicated that the optimal aim, as stated in the White Paper, is 10 mln USD. However, his belief is that the project will easily reach the 50 mln point.
ICO start on the 30th of October: PRE-sale will take 1 month, then LH-Crypto will switch to the ICO mode. To learn more about the project,read the White Paper and see the Roadmap check the site https://lh-crypto.io.
Disclaimer: Larson&Holz is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest