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Almost all merchants use (or would like to use) some kind of closed loop payment system that handles their loyalty reward points, gift cards, store credits, or promotional discount coupons. Lyra Live offers an alternative to traditional closed loop systems, a solution based on blockchain. LoyalShopper is a Lyra blockchain based application that provides merchants with the ability to create their own loyalty rewards, gift cards, promotional coupons, and store credits (refunds) programs, both online (integrated with major ecommerce platforms) and in stores (integrated with major point of sale software applications and hardware terminals). LoyalShopper provides an end-to-end solution that supports both merchants and buyers.
The initial version is designed for Shopify merchants, but it will be soon extended to other ecommerce platforms like Magento and WooCommerce as well as brick-and-mortar merchants' major point of sale software applications and hardware terminals.