The Luxury Bank Fuses Luxury Membership and Fintech with Launch of its Exclusive Token and Payment Platform

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, [email protected]

Aiham Saleh, The Luxury, 00971551608484, [email protected]

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SOURCE The Luxury