Lunu Description
The ecosystem features the streamlined Lunu Terminal for in-store transactions, the Lunu Widget for online shopping, and the Lunu Wallet which facilitates the conversion of cryptocurrencies to fiat currency specifically for retail sales. When making in-person purchases with the Lunu Terminal, the process is as swift as using a standard credit card. To initiate a crypto payment, the customer simply informs the retailer of their intention to use cryptocurrency for their purchase. The retailer then inputs the price of the item in local currency into the Lunu Terminal along with the type of cryptocurrency being utilized by the customer. This information is transmitted to the company’s unique and patented Arbitrage system, which searches for the best crypto-to-fiat exchange rates available. Once the optimal rate is identified, a corresponding offer, represented in the customer’s chosen cryptocurrency, is relayed back to the retailer's Lunu Terminal, allowing the customer to view the exchange rate and the total amount due. This innovative system not only enhances payment flexibility but also ensures customers benefit from the most favorable rates.
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