Leios International, Inc. is the U.S.-based software company establishing a Bitcoin and Lightning Network based cross-border transfer system for enterprise application, allowing money service businesses to conduct cheap, nearly instantaneous and secure transactions. We offer white-label enterprise blockchain solutions in remittance, banking and international payroll.
Leios is Greek for “sleek” or “smooth.” We are creating a smooth, seamless way for enterprises to transfer funds anywhere, by placing sleek & UX-centric interfaces over top of blockchain technology to make it useful & appealing to money services industry.
Leios is offering a solution that can replace any business’s traditional fund transfer system, local or global. Most significantly, the Leios system is creating the network and applications to allow for low-cost and near-instant global remittance transactions, a $600 billion dollar industry, along with a set of tools to aid in tracking and compliance.
Not only is Leios building itself from the ground up with top-tier compliance guidance from its legal council, compliance attorneys, and regulation E compliance advisors, but it will actually create tools to help MSBs follow these strict compliance guidelines. The Leios System takes into account all of the regulatory hurdles which financial institutions face in their transactions, and designs solutions to help comply with KYC-AML and receipt issuance requirements that regularly cost the banking industry billions in fines.
The Leios System is the name for an entire system of funds and regulation management provided by Leios to its clients. It includes varied front-end options such as a native computer application, integration with existing applications via API, and a white-label mobile application. On the backend, it allows financial institutions to conduct transfers using Bitcoin via a network of custom Lightning Network nodes and channels. The Leios System links existing and regulated financial institutions from the traditional and blockchain worlds to create a network of remittance entry and exit points. Please read our technical paper for the full explanation.
Leios Link is the name of our enterprise solution, which is designed to allow existing bank and remittance company systems to interact with our Lightning Network based cross-border fund transfer system. It is the front-end that employees of banks and remittance companies will use to carry out Leios-based transfers. This solution will include multiple interfaces, some more advanced than others. See our technical paper for more details.
The Leios system takes advantage of blockchain technology, particularly the Lightning Network and existing cryptocurrency infrastructure to handle transactions in a low-fee and decentralized manner, without the need for the slow and expensive traditional banking options commonly used in the U.S., such as ACH.
The Lightning Network is a "Layer 2" payment protocol that operates on top of a blockchain-based cryptocurrency. It enables fast transactions between participating nodes and is a positioned to be a solution to the Bitcoin scalability problem. The Lightning Network provides the Leios system with instant, low-cost and internally private transactions.
Although enabling cross-border remittance for enterprises is the primary function of the Leios system, it is only one part of our ultimate vision. The Leios system will also develop an international payroll solution using the same system, and will eventually obtain its own licensing to let the public be in control of their own funds. We have begun and will continue to build our network of partners, establishing crypto-based remittance exit points across the globe.