One of the main problems of cryptocurrencies is their poor reputation as a tool used for illegal activities. Operations and legal structure of many crypto payments services are often lacking transparency as well. Lightcash project is aiming on fixing these problems. It is a first-ever fully legally compliant for cryptocurrencies and fiat money exchange, its internal crypto coin (LCSH) is backed by real gold.
Lightcash users can use the service for fiat and digital money exchange with low commissions, send payments and initiate SWIFT/SEPA transfers. There is also internal exchange which can be used to invest in TOP-100 cryptocurrencies. Moreover, users can open crypto deposits and earn interest.
The main feature of Lightcash project is transparency and full legal compliance.
“To make sure that all operations are fully legitimate and legal, additional licences will be acquired from IFSC (International Financial Services Commission) in Belize for money transfer services, payment processing, financial and commodity-based derivatives trading,” tells Lightcash CEO Vyacheslav Vokin, “As a result, our service will be fully compliant with English law.”
To ensure system stability Lightcash project team will launch an internal cryptocurrency Lightcash Crypto Gold (LCSH) which will be backed by real gold mined from precious metal deposits in Russia.
Lightcash project already has its own infrastructure for gold mining and processing. The company owns an alluvial deposit of gold in the Amur Region of Russia and obtained permits and licensed needed to perform gold mining on the site.
В настоящий момент мощности компании по добыче и обработке золота загружены не полностью. Поэтому для привлечения дополнительного финансирования на покупку нового месторождения рудного золота на начало марта 2018 года запланировано ICO проекта Lightcash.
At the moment, the company’s gold mining and processing capacities are not fully loaded. Hence, there is a need to purchase an additional gold deposit. To get financial resources for such deal Lightcash teal will stage in ICO in the beginning of March 2018.
More information about LCSH cryptocurrency, licenses, gold deposits and Lightcash ICO can be found at project’s website.
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