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St. Petersburg, FL, March 17, 2022 (GLOBE NEWSWIRE) — LeisurePay (LPY), the only wholly black-owned bank in America launches low-cost and no-cost banking and payment solutions for the minority-owned merchants. LeisurePay is a closed-loop blockchain ecosystem and it is set to play a leading role in the emerging $150 billion stablecoin market, as regulators continue to fiercely debate crypto’s potential impact on financial institutions and money generally.
New Digital Asset
Stablecoins are digital assets that should always be equal in value to a fiat currency like the US dollar. They’re a favorite of cryptocurrency traders and investors who want to buy and sell digital assets on exchanges at pace, without suffering any delays while waiting for funds held in a bank account to be transferred to the exchange via a wire payment or an automated clearinghouse.
Stablecoin Regulation On the Agenda
The rise of LPY comes as there is a grave risk…
Full story available on Benzinga.com
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