Lyra

LYRA is a unique technology that allows merchants of any size to implement a closed loop payment solution for loyalty rewards, gift cards, store credits, and promotional discount coupons based on combined usage of customizable fungible and non-fungible crypto tokens. Lyra solution consists of Lyra network and LoyalShopper application. Lyra network provides out of the box real time authorizations, customizable fungible and non-fungible tokens with targeted smart contracts, built-in decentralized token exchange and marketplace, superlight clients, and many other features required for real world financial transaction processing. LoyalShopper application provides merchants of any size with the ability to create their own loyalty reward programs, gift cards, promotional coupons, and store credits based on crypto tokens maintained on Lyra blockchain.

LYRA NETWORK is designed and coded from the ground up, which allows it to include most recent achievements in blockchain technologies such as block lattice, distributed proof of stake, cryptonote, and more. Those new technologies in turn allow to implement features that prevent mass adoption of most existing blockchains by mainstream: very high scalability, instant authorizations and settlements, super light clients, no chargebacks, no locked balances, native custom tokens (i.e. multi currency) with targeted smart contracts, built-in “on chain” decentralized exchange, and more. Payment industry will never take crypto seriously before these key features are present.

LOYALSHOPPER

Almost all merchants use (or would like to use) some kind of closed loop payment system that handles their loyalty reward points, gift cards, store credits, or promotional discount coupons. Lyra Live offers an alternative to traditional closed loop systems, a solution based on blockchain. LoyalShopper is a Lyra blockchain based application that provides merchants with the ability to create their own loyalty rewards, gift cards, promotional coupons, and store credits (refunds) programs, both online (integrated with major ecommerce platforms) and in stores (integrated with major point of sale software applications and hardware terminals). LoyalShopper provides an end-to-end solution that supports both merchants and buyers.