Leios International, Inc. is the U.S.-based software company establishing the world’s first blockchain-based transfer system for enterprise application, allowing money service businesses to conduct cheap, near instantaneous, and secure b 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 market of $613-billion as recorded in 2017 by The World Bank.
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 be a tool 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 provides tools to help comply with KYC-AML and receipt issuance requirements that regularly cost the banking industry billions in fines.
The Leios app, and eventually the website, will be the method through which people log-in to the Leios system to easily send funds across the world.
The Leios System is the name for 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, integrated features with existing applications, and a white-labeled mobile app. On the backend, it allows financial institutions to conduct transfers using stablecoins. The Leios System also provides a network of remittance by linking existing financial institutions from the traditional and blockchain worlds. Please read our technical paper for the full explanation.
The LEIOS token is a utility token designed to optimize stablecoin-based transfers. It enables interoperability between the various stablecoins and fiat gateway partner exchanges within the Leios System. These tokens are part of the Leios Chain, an asset chain on the Komodo platform, thus providing the system with atomic swap functionality, privacy from the public ledger for all stablecoin transfers within the system via zero-knowledge proofs, and unmatched security via Delayed Proof of Work (dPoW) consensus.
Leios Link is the name of our enterprise solution, which is designed to allow existing bank and remittance company systems to interact with our stablecoin-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 and existing cryptocurrency infrastructure to handle transactions in a low-fee and decentralized manner, without the need for using the slow and expensive banking systems used in the U.S. such as ACH.
Stablecoins are cryptocurrency collateralized with an exact amount of fiat currency, usually USD, and thus has negligible volatility and hence “stable” in price. For any USD-based stablecoin for example, each coin represents one U.S. dollar, with each one provided proof for collateralization in various ways. Leios is designed to work with any stablecoin that has trustworthy and universally accepted collateralization.
The Leios system consists of various regulated fiat gateway exchanges around the globe, and each exchange lists their local fiat currency/currencies against a particular stablecoin for trading. This allows the system to convert to and from aby fiat currencies offered by our exchange partners within the system. Leios is seeking OTC agreements to secure guaranteed rates for each transaction.
Although enabling international fund transfers for enterprises is the primary function of the Leios system, it is only the first part of the ultimate vision. The Leios system can also be utilized to provide a layer of privacy to any cryptocurrency added to the system by utilizing atomic swaps and zero-knowledge proofs. Leios is also creating an application which streamlines international payroll services for traditional and blockchain companies.