TLB meaning in Cryptocurrency ?
Answer:
''What Is The Luxury Coin (TLB)?
Private Luxury Membership Supported By a New Purpose-Built Cryptocurrency Utility Token This is the fusion of Exclusive Luxury Membership with the latest technology in the financial industry. The TLB is a class of Cryptocurrency designated as a ‘Utility Token’. The TLB has value within The Luxury Network, allowing users to gain access to special events, unique Experiences, , participate in auctions, or benefit from the financial services offered by The Luxury Bank. The Luxury is the project that wants to make spending crypto as easy as a credit card. Creators of the TLB token hope that it will one day be used on their Binance-based Point-of-Sale devices. One of the most notorious pain points in crypto is the ability to actually make purchases. TLB cryptocurrency plans to change all that by distributing thousands of point-of-sale smart devices to luxury retailers so they can accept payment in the form of TLB, the network’s proprietary crypto token. If it can distribute the devices for free and with lower transaction fees than current card and mobile payment solutions provide, it’s a grand-slam idea.
Roadmap
The company is working on developing a card, which they are naming The Luxury Card, which will work together with the mobile app and wallet, enabling payments and deposits by card (a familiar medium for most) that are pulled from the mobile wallet. In addition, users should be able to see the current market price of each cryptocurrency before paying for goods and services, allowing them to pay with the cryptocurrency that brings the best value at the time. This ability to pay for things easily with cryptocurrencies is what will finally give them real value in a widespread sense.
Who Are the Founders of The Luxury Coin (TLB)?
The Luxury team are a talented group of technologists and entrepreneurs, which seems to be exactly what this project will need for success. The President of The Luxury, Catalin Dascalu, has a long history of founding successful luxury companies, and scaling them, which makes him an ideal fit for a project that will need rapid growth and adoption. The CTO/COO Samer Fatoum, created and sold his first business by the age of 35 and went on to create and sell several more business, including one that had over 50 employees.
The Luxury has taken on an impressive and ambitious task in tackling what could amount to everyday adoption of cryptocurrencies by the masses, if their vision is realized. The technology seems appropriate for what they’re attempting, and the delivery of the first 100 POS devices is a target that the team wants to reach in 2021"
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