How the tech works
lov.cash has resolved the major issues around cash transactions by removing unnecessary middle men and on site cash holding. lov.cash utilises state of the art technologies and various distributed blockchains allowing users to top up their lov.cash wallets by buying and transacting in digital currency.
01
Smart Safe
02
Mobile App
03
POS Devices
lov.cash provides business owners with a safe and cost-effective solution to the day-to-day risks associated with cash management.
The lov.cash SmartSafe is
- tamper proof
- high-speed
- high-volume
- a multi note feeder and counter
It is equipped with an onboard computer which counts cash notes and securely transmits information to the lov.cash network. It then transfers the equivalent in digital currency straight into the user’s wallet. Business owners can use the digital currency to perform various types of transactions such as paying suppliers as well as accept funds from other users and help them to exchange cash to Digital Currency. Owners also have the added benefit of earning fees for this service. Once cash limits are reached, lov.cash’s Cash Management operations will routinely dispatch armed cash-in-transit trucks to collect the cash from the smart safes further reducing the risk of holding cash on premises for long periods of time.
The lov.cash Mobile App can be used by businesses and personal users alike, to make and receive payments, and to be rewarded in the form of cashbacks.
The App provides users the ability to
- exchange cash for digital currency
- easily access digital currency
- receive and view cashbacks
- pay for goods and services
- purchase products from the marketplace (such as food products, airtime, data and SMS bundles)
- send digital currency to other users via a mobile number or by scanning a QR code
- view transactions
The lov.cash Point of Sale is a rugged, Android Device designed to help business owners accept payments from shoppers and make payments to suppliers.
The POS also provides business owners the ability to receive cash for the sale of value added services including airtime, data and SMS bundles.
01
Smart Safe
lov.cash provides business owners with a safe and cost-effective solution to the day-to-day risks associated with cash management.
The lov.cash SmartSafe is
- tamper proof
- high-speed
- high-volume
- a multi note feeder and counter
It is equipped with an onboard computer which counts cash notes and securely transmits information to the lov.cash network. It then deposits the equivalent in digital currency (CZAR) straight into the user’s wallet. Business owners can use the digital currency to perform various types of transactions such as paying suppliers as well as accept cash deposits from other users and help them to convert cash to Digital Currency. Owners also have the added benefit of earning fees for this service.Once cash limits are reached, lov.cash’s Cash Management operations will routinely dispatch armed cash-in-transit trucks to collect the cash from the smart safes further reducing the risk of holding cash on premises for long periods of time.
02
Mobile App
The lov.cash Mobile App can be used by businesses and personal users alike to manage money in a digital wallet while also allowing the ability to make transactions.
The App provides users the ability to
- cash-in
- send money to other users via a mobile number or by scanning a QR code
- pay for goods and services
- withdraw funds to a bank account
- view transactions
- view cashback and rewards
- purchase products from the marketplace (such as food
products, airtime, data and SMS bundles).
03
POS Devices
The lov.cash Point of Sale is a rugged, Android Device designed to help business owners accept payments from shoppers and make payments to suppliers.
The POS also provides business owners the ability to sell in cash to other users and sell airtime, data and SMS bundles.
How Hubs work
The real value in the supply chain comes from the suppliers (manufacturer, farmer, importer) and the consumers (including micro-traders such as spazas and home shops). The lov.cash technologies and platforms bring these two sectors closer together, eliminating the traditional gatekeepers and offering great benefits to participants.
lov.cash Hub takes this convenience one step further; it enables supplier-centralised distribution centres and regional (Hub) mini-distribution points to be set up, making it easier for suppliers to gain access to the informal markets that they have as yet, traditionally not found an efficient way of entering.
The roadmap
lov.cash moves money into the future
Payment Network
Commercialisation
Hub 1: Distribution & Traction
- Suppliers
- Micro-merchants
- Spaza stores
Cycle 4
Value Added Services
- Airtime, data
Cycle 3
Marketplace
- Ecommerce marketplace (food products)
Cycle 2
1st Hub Payment Network
- Mini Wholesalers
- Wholesalers
- Safes
- Validate technology
- Live Transactions
- Operational Processes
Cycle 1
Connect with Us
Our team of highly qualified, highly motivated individuals with a wealth of knowledge and experience in both the tech and informal sectors are waiting for you. Join the future of trading through lov.cash digital currency.
Get in touch
General
- info@lovcash.com
Download the App
