LYO Ecosystem: Users’ Experiences Revealed

Welcome to our LYO Ecosystem review, in which we investigate a network of websites, including lyopay.com, lyowallet.com, lyoecosystem.com, and many others.

Did a LYO Exosystem website scam you? Please share your story by commenting below, and we will be happy to offer you valuable, personalized advice for free.

Introduction to our LYO Ecosystem Review

Wewe Global

In October 2023, we conducted an exhaustive review of WEWE Global to scrutinize the credibility and offerings of the platform. Noteworthy developments include the introduction of the WEWE token, used within a distinctive ecosystem encompassing various services such as cloud minting and a P2P billboard for transactions.

Despite allegations suggesting WEWE Global might be a scam, the review found no concrete evidence to substantiate these claims. The platform employs blockchain technology and operates as a DAO (Decentralized Autonomous Organization), enhancing its transparency and security. However, potential risks due to the volatile nature of cryptocurrencies are highlighted, urging potential users and investors to approach cautiously.

TheBlockchainEra

In our exploration of various blockchain entities, we have recently delved into The Blockchain Era (TBE.io), a platform that has generated substantial debate and skepticism within the crypto community. An undercurrent of uncertainty and suspicion pervades discussions about TBE’s operations and intentions, primarily due to its apparent lack of transparency and undisclosed foundational details, such as the identities of its founders and the location of its headquarters.

One of the central areas of concern highlighted in previous reviews revolves around TBE’s possible associations with WeWe Global and Lyo Wallet. A layer of ambiguity envelops the true nature of the relationship between TBE and WeWe Global. There are suggestions that TBE might be a reincarnation or rebranding of WeWe Global, a platform previously accused of operating a Ponzi scheme. Such associations raise red flags and suggest a pattern of dubious rebranding practices potentially aimed at circumventing scrutiny and perpetuating questionable operations.

Moreover, our research indicates a concerning connection between TBE and Lyo Wallet, another entity shrouded in skepticism due to past affiliations with alleged fraudulent schemes. This linkage casts additional shadows over TBE’s legitimacy, further compounding the uncertainties that potential investors may face.

In this review, we aim to unravel the complexities and controversies surrounding the Lyo Ecosystem, placing a particular emphasis on its connections to TBE and WeWe Global to offer a clearer perspective on the risks and considerations essential for informed investment decisions.

LYO Ecosystem Review

The LYO Ecosystem is made up of several sites, including:

LYO PAY (LYOpay.com)

LYOpay.com was registered through NameCheap on July 9, 2020, and was recently updated on June 9, 2023. It is currently set to expire on July 9, 2024. A privacy service by Withheld for Privacy protects it, while Cyber Wurx hosts it.

According to SimilarWeb, LYOPAY is a Hong Kong company with 51-200 employees. They are ranked at 816,453 globally and 63,402 in Italy. In September 2023, it received over 31K visits from Italy, Germany, Spain, Greece, France, the United States, and other countries.

SEMrush gives them an Authority Score of 29% with over 10K backlinks from almost 1000 referring domains.

Currently, the website displays the following message:

Announcement Dear valued users, should you have any inquiries or require assistance, please don’t hesitate to reach out to us at support@lyopay.com.

No options are available. However, the website is fully indexed on Google, so its content is accessible directly from the search engine.

LYO Credit (LYO)

Email: info@lyopay.com

Support Telegram: @LYOPAYSupportBot

LYO WALLET (LYOwallet.com)

LYOwallet.com was registered through NameCheap on September 29, 2022, and was recently updated on August 30, 2023. It is currently set to expire on September 29, 2024. A privacy service by Withheld for Privacy protects it, while Cyber Wurx hosts it.

According to SimilarWeb, it is ranked at 8,612,921 globally. In September 2023, it received almost 2K visits from Mexico, Italy, Greece, the United States, Turkey, Russia, and other countries.

SEMrush gives them an Authority Score of 5% with almost 2K backlinks from 112 referring domains.

Currently, the website displays the following message:

Announcement Dear valued users, should you have any inquiries or require assistance, please don’t hesitate to reach out to us at support@lyopay.com.

LYO ECO SYSTEM (LYOecosystem.com)

LYOecosystem.com was registered through NameCheap on March 22, 2023, for 3 years. It is protected by Withheld for Privacy and hosted by Subhosting Innovations Pvt.

According to SimilarWeb, it is ranked at 5,989,223 globally and 133,106 in Austria. In September 2023, it received almost 7K visits from Austria, Turkey, Italy, India, Poland, Germany, the United States, and other countries.

SEMrush gives them an Authority Score of 18% with 2K backlinks from almost 239 referring domains.

Currently, the website displays the following message:

Announcement Dear valued users, should you have any inquiries or require assistance, please don’t hesitate to reach out to us at support@lyopay.com.

No options are available besides links to the Privacy & Cookie Policy and the Terms and Conditions documents.

LYO PAY MEMBERS (LYOpaymembers.com)

LYOpaymembers.com was registered through GoDaddy.com on December 22, 2022, for one year. It is protected by Domains By Proxy and hosted by Amazon CloudFront.

According to SimilarWeb, it is ranked at 7,529,712 globally and 325,655 in Italy. In September 2023, it received 1K visits from Italy, Malta, Croatia, Germany, the United States, and other countries.

SEMrush gives them an Authority Score of 6% with 68 backlinks from almost 19 referring domains.

The website contains a login page on its homepage, and no other options are available.

LYO PAY PRO (LYOpay.pro)

LYOpay.pro was registered through NameCheap on April 7, 2022, updated on March 18, 2023, and is set to expire on April 7, 2024. Withheld for Privacy protects it, while Cyber Wurx hosts it.

According to SimilarWeb, this is its description:

access crypto-payment services across 150+ countries; with our premium payment card, brand rewards, and bespoke concierge services for travel and shopping.

It is ranked at 11,864,900 globally and, in September 2023, received almost 4K visits from Italy, Malta, Malaysia, Germany, the United States, and other countries.

SEMrush gives it a 24% Authority Score with 3.2K backlinks from 167 referring domains.

Unlike the other sites we’ve reviewed, lyopay.pro is a regular site with a full menu and content. Therefore, it will require a more in-depth examination.

However, like the previous sites we checked, most of the pages are hosted on app.gitbook.com, and not on lyopay.pro. Still, we can access a homepage, a Services page, and an About Us page. Let’s take a look at each one.

LYO PAY PRO – Content Analysis

The website content outlines the offerings of LYOPAY Pro, an application for handling both cryptocurrencies and fiat money. It boasts a range of services, including concierge, travel, shopping, and financial transactions. Users can opt for various membership levels with corresponding one-time card purchase costs and monthly fees. LYOPAY Pro claims to be a step up from the regular LYOPAY app, offering added features such as multi-currency banking wallets, payment cards, and reward programs. They aim to make cryptocurrencies a primary form of money through their app, available in over 150 countries.

For financial transactions, LYOPAY Pro offers IBAN wallets in five currencies and payment cards in three, with the promise of zero charges for transfers in the same currency among LYOPAY Pro users. The cards, available in different materials, including gold, are touted as accessible and stylish. Virtual cards are instantly available, while physical cards are delivered within 60 days.

The company behind LYOPAY Pro is DIGIPRO SOFTWARE LIMITED, located at The Black Church, St. Mary’s Place, D07 P4AX, Dublin 7, Dublin, Ireland. They can be contacted via email at info@lyopay.pro.

LYO PAY PRO – Red Flags

In a critical review of the content, several red flags stand out. The promise of zero charge transfers and unlimited balance could be misleading, as these offers are often too good to be true. The high costs for membership and the luxury nature of the cards, including gold options, are unusual for financial services and could appeal to those looking for prestige over practicality. The lack of immediate availability for IBAN wallets and the delivery time for physical cards could be potential drawbacks for users seeking quick access to financial services. The absence of regulatory information, such as licenses or financial authority oversight, is a significant concern for credibility and legitimacy. Moreover, the lack of direct contact options like a phone number or live customer service channels could make it difficult for users to get timely support or address issues, increasing the risk for users.

LYO CREDIT (LYOcredit.io)

LYOcredit.io was registered through Namecheap on June 17, 2021. It was updated on May 23, 2023, and is set to expire on June 17, 2024. Withheld for Privacy protects it, while Cyber Wurx hosts it.

According to SimilarWeb, its description is:

lyo credit (lyo) is the utility token of the lyopay ecosystem. use lyo for purchasing flight tickets, paying transaction fees, staking, and more.

In September 2023, it received 1.7K visits from the United States, India, Italy, the United Kingdom, and Australia.

SEMrush gives them an Authority Score of 15% with 1.8K backlinks from almost 400 referring domains.

LYO CREDIT – Content Analysis

LYOPAY presents itself as a comprehensive ecosystem for various crypto-related services. It includes LYOPAY, an app for managing cryptocurrencies and traditional currencies; LYOTRAVEL, a service for booking flights with crypto; LYOWALLET, a non-custodial wallet for digital assets; LYOFi for yield farming and minting; and LYOSWAP, a swap bot. LYO Credit (LYO) is their utility token, which has uses across their platform, including staking and transaction fees.

Users can trade LYO/USDT on LYOTRADE and other exchanges. The token is based on the BNB Chain, enhancing liquidity and reliability. LYO’s smart contract got a 99% rating from Zokyo, a security company. There’s a limited supply of LYO tokens, which they distribute for staking, among other things. The token is listed on multiple exchanges and secured by Fireblocks during transactions.

Contact details mentioned are an email (info@lyocredit.io) and a Telegram support handle (@LYOPAYSupportBot). They also list a company registration (CRN: 2065462) located on Tortola Street Central, British Virgin Islands. No phone numbers are provided. They stress security in their contact section, warning users never to share private keys or other sensitive information.

However, there are red flags. The 99% audit rating is from an unknown firm, Zokyo, which may not be widely recognized. Repeated audit ratings (99% and 98%) seem inconsistent and possibly inflated. The lack of detailed regulatory information and the location in the British Virgin Islands, which has lax regulations, might concern users about oversight and accountability. Using a Telegram bot for support and emphasis on admins not messaging users could be seen as trying to avoid direct accountability. Also, the absence of a phone number for customer support limits direct contact, often seen in scams. These elements can make users doubt the legitimacy and security of the platform.

LYO TRADE (LYOtrade.com)

LYOtrade.com was registered through NameCheap on January 13, 2019. It was updated on January 14, 2023, and is set to expire on January 13, 2026. It is protected by Withheld for Privacy and hosted by CyberWurx.

According to SimilarWeb, this is their description:

lyotrade makes buying and selling cryptocurrency easy and safe

They are ranked at 499,059 globally and 26,830 in Italy. In September 2023, it received over 51K visits from Italy, Greece, Germany, Austria, Croatia, Australia, the United States, and other countries.

At SEMrush, its Authority Score is 23%, with almost 10K backlinks from over 500 referring domains.

LYO TRADE – Content Analysis

LYOTRADE brands itself as a versatile platform for trading cryptocurrencies. It offers a wide range of services, including buying, selling, and staking various cryptocurrencies, as well as advanced trading options like futures and margin trading. The platform highlights its security measures, such as multi-tier account verification and KYC/KYT monitoring, to assure users of safe trading. It provides for personal and business accounts and offers an interface that users can tailor to their experience level.

The platform seems focused on providing a complete trading experience, touting features such as crypto loans, copy trading, and savings. It also offers value-added services like buying crypto with Brazilian PiX, gift cards, and loyalty rewards. Users can trade on desktop or mobile, with the promise of 24/7 customer support.

LYOTRADE provides multiple ways to earn on the platform, such as rewards for trading and for consecutive days of logging in. They advertise a straightforward onboarding process, various trading pairs, and modes of trade, including spot and futures.

Contact details include an email address (info@lyotrade.com) and detailed sections on how to get started, including account verification. LYOTRADE LTD powers the platform, but no specific address or phone number is given for direct contact. No specific licensing information is mentioned, which might typically assure users of regulatory compliance.

LYO TRADE – Red Flags

There are some potential red flags. The absence of detailed licensing or regulatory compliance information can be concerning, as it doesn’t clarify under which jurisdiction the platform operates or its regulatory standing. Furthermore, while email support is provided, the lack of a physical address or phone number could raise doubts about the platform’s transparency and the efficacy of user support. These gaps might make users question the accountability and credibility of the platform.

LYO Swap

They also have a Swap-Bot called LYO SWAP on Telegram at t.me/lyoswapbot.

LYO MERCHANT (LYOmerchant.com)

LYOmerchant.com was registered through NameCheap on July 6, 2021. It was updated on June 6, 2023, and is set to expire on July 6, 2024. Withheld for Privacy protects it while Cyber Wurx hosts it.

According to SimilarWeb, its description is:

accept bitcoin & cryptocurrency payments with lyomerchant

In September 2023, it received 1.5K visits from the United States, Iraq, and Poland.

SEMrush ranks them at 5% with 1.5K backlinks from 120 referring domains.

Currently, the website displays the following message:

Announcement Dear valued users, should you have any inquiries or require assistance, please don’t hesitate to reach out to us at support@lyopay.com

No options are available.

Based on the pages indexed on Google, however, we were able to learn that LYOMERCHANT is a service designed to let individuals and businesses accept cryptocurrency payments directly on their websites, online shops, or social media profiles. As a non-custodial service, LYOMERCHANT ensures that it doesn’t keep any funds, giving users complete control over their earnings. It supports a broad spectrum of over 50 cryptocurrencies, making it versatile for various transactions, and charges low fees for its services.

Founded in 2019 by the creators of LYOTRADE, LYOMERCHANT aims to simplify the crypto payment process for everyone. It focuses on ease of use, appealing to many users, from e-commerce site owners to charities. The setup process is straightforward: users need to embed HTML code into their website to start accepting crypto payments. The service links transactions directly to the user’s LYOMERCHANT account through a unique API key designated for specific transactions.

LYOMERCHANT provides flexibility in payment options, allowing users to accept multiple cryptocurrencies or to convert their crypto assets into their preferred cryptocurrency automatically. LYOTRADE’s cryptocurrency exchange platform facilitates this automatic conversion.

This service positions itself as an accessible gateway to incorporating cryptocurrency payment options into various online platforms, promoting wider adoption and integration of crypto in everyday business transactions.

LYO TECH LABS (LYOtechlabs.com)

LYOtechlabs.com was registered on May 15, 2021, via NameCheap. It was updated on April 15, 2023, and is set to expire on May 15, 2023. Subhosting Innovations Pvt hosts it.

Interestingly, unlike the other domains associated with the LYO Ecosystem, this domain contains ownership details:

• The registrant is Vincenzo Picciuolo.
• Organization: LYOTECH LABS ELECTRONICS TRADING L.L.C
• Address: WHP2-BLOCK-T COMMERCIAL, Dubai, AE
• Phone: +971.544149692
• Email: admin@lyotechlabs.com

According to SimilarWeb, the LYOTECH LABS company is headquartered in Hong Kong, China, with 51-200 employees. Its description is

lyotech labs – it ecommerce

Its global rank is 2,751,869, while in the UAE, it is ranked at 29,298. In September 2023, it received over 17,000 visits from the United Kingdom, Austria, Argentina, Mexico, Germany, Italy, the United States, and others.

Its SEMrush Authority Score is 5%, with almost 2K backlinks from 179 referring domains.

LYO TECH LABS – Content Analysis

LYOTECH LABS appears to be a Research and Development company focusing on creating software and hardware such as mobile devices, tablets, laptops, and smartwatches. They claim to build devices for partners and ship to over 150 countries. LYOTECH also offers hosting support available 24/7, server management, certified hardware, and top-tier data security, boasting compliance with ISO 27001, PCI DDS3, and GDPR standards.

For hosting, they provide Linux Virtual Private Servers (VPS) with a range of distributions, full root access, SSD dedicated hosting, 1Gbps bandwidth, and optimization promises. Their hardware products include the LFi Smartphone with high-spec features like a Sony 64MP camera and a large battery and the LYO Watch, which integrates with crypto apps and tracks health data. They also advertise a tablet called LYO TAB, highlighting its versatility and high-end camera.

LYO TECH LABS – Contact Details

The Dubai location is LYOTECH LABS ELECTRONICS TRADING L.L.C., at TLN: 1150530 Whp2-block-T Commercial, Saih Shuaib 3, Dubai, U.A.E. In the United States, they have an office at 8 The Green Suite R, 19901, Dover DE. Another office is in Hong Kong, at 1104 Crawford House, 70 Queens Road Central.

LYO TECH LABS – Red Flags

Now, regarding red flags, while the description of services and products is detailed, there could be some concerns:

1. No specific contact details, such as phone numbers or email addresses, are given. This lack of direct contact information can be a red flag.
2. They claim compliance with several international standards, but there is no evidence or details provided to back this up.

These factors don’t necessarily confirm a scam, but they do warrant a cautious approach. It would be advisable to seek further verification of their claims and legitimacy before engaging in business or purchasing their products.

LYO BANQ (LYObanq.com)

lyobanq.com was registered on January 25, 2022, updated on December 27, 2022, and is set to expire on January 25, 2024. Withheld for Privacy protects it, while Amazon.com hosts it.

According to SimilarWeb, LYOBANQ is a London, UK company with 11-50 employees. Their description is:

the bank of the future, today providing advanced digital banking services that will suit the needs of people and businesses

In September 2023, they received 2.3K visits from India, Italy, Malta, the United States, and Germany.

They have a 7% SEMrush Authority Score with 71 backlinks from 40 referring domains.

Currently, the website displays the following message:

Announcement Dear valued users, should you have any inquiries or require assistance, please don’t hesitate to reach out to us at support@lyopay.com.

No other options are available.

Based on the content provided, lyobanq.com appears to be a website for a financial service platform known as LYOBANQ, which is associated with LYOPAY.

LYOBANQ presents itself as a comprehensive financial service that offers a superior market offering by expanding client opportunities through seamless data integration and exchange.

It promotes itself as a modern banking solution tailored to the European market with a digital platform for payment management that is set to go live in 2022.

Services Offered

Payment Gateway to Centrolink: This service seems to be focused on providing an automated cloud-based service for managing payments across Europe, specifically integrating with Centrolink for transaction processes.

Direct SEPA Connection: LYOBANQ offers direct connections to the Single Euro Payments Area (SEPA), which facilitates bank transfers in euros across the SEPA zone.

EUR IBAN Issuance: The platform allows for the issuance of unique European IBAN numbers for transactions and banking services within the SEPA region.

Competitive Fees: The fees for services are advertised to be lower than those set by commercial banks, aiming to offer cost-effective solutions to customers.

API Services

Payment API: LYOBANQ provides APIs for financial transactions, including:

• Generation of IBANs
• Balance checks for accounts and cards
• Viewing transfer history
• Managing internal and outgoing payments
• Profile creation
• Card top-ups

Card API: There is an emphasis on technology for card services, which includes:

• Customization of physical and virtual cards
• Full control over transactions
• Direct handling of transactions without third-party involvement

Compliance and Customization:

• The service emphasizes full compliance with relevant regulations, including financial and data protection laws.
• Flexible rates, tariffs, and tailor-made fees are offered, suggesting a degree of customization in client pricing.

Additional Features:

LYOBANQ is partnering with Mastercard to offer API services for card acquisition, indicating that users can generate custom cards for online and in-store payments.

Announcement: A news section mentions an announcement made on October 6, 2022, about the impending launch of LYOBANQ, branding it as “The Bank Of The Future.”

Contact and Legal Agreement: There is a contact section inviting visitors to contact the company by submitting a form, and it requires agreement to the LYOBANQ Terms & Conditions before sending a message.

Overall, LYOBANQ appears to be positioning itself as a fintech platform offering a suite of financial services emphasizing European payments, compliance, and API-driven banking solutions. It aims to provide services that facilitate efficient and cost-effective financial transactions for its clients.

LYO Travel (LYOtravel.com)

LYOtravel.com was registered on July 19, 2021, through NameCheap. It was last updated on June 19, 2023, and is set to expire on July 19, 2024. Withheld for Privacy protects it, while Cyber Wurx hosts it.

It has a 5% SEMrush Authority Score with 1.8K backlinks from almost 200 referring domains.

LYOtravel.com currently redirects to LYOecosystem.com.

LYO FI (LYOfi.com)

LYOfi.com was registered through NameCheap on July 30, 2021. It was last updated on June 30, 2023, and is set to expire on July 30, 2024. Withheld for Privacy protects it.

According to SimilarWeb, this is its description:

lyofi is a crypto-platform. its services include minting, liquidity, farming and staking functions. tools to get the most from your crypto currencies.

Its SEMrush Authority Score is 5%, with 261 backlinks from 79 referring domains.

Currently, the domain is parked, and no content is available.

General Information, Social Media, and Other Sources by the LYO Ecosystem

Coinmarketcap.com/currencies/lyo-credit/

• LYO Credit is priced at $0.2741, with a slight increase of 0.40% in one day.
• Its market cap is $40.5 million, ranking it 2480th in the market.
• The 24-hour trading volume is $310,889.36.
• It has a circulating supply of 147.33 million LYO out of a total supply of 190.86 million.
• The maximum supply of LYO Credit is 250 million.
• The fully diluted market cap, which calculates the market cap if the max supply were in circulation, is $68.53 million.

Other notable points:

• LYO Credit hit its all-time high a year ago at $1.62 and its all-time low a month ago at $0.2581.
• LYO Credit’s rank in watchlists is 5217th out of 8.8K.
• LYO operates legally in compliance with KYC, AML, and GDPR.
• LYO Credit tokens are used within the LYOPAY ecosystem for various services like payment of commissions and user rewards.

Medium.com

LYOPay has a Medium blog.

It mentions a shift in how users manage their digital assets; LYOWALLET is moving its customers to LYOTRADE, which offers a broader range of services.

It also mentions that LYOPAY offers various crypto services, including payments, e-commerce, and travel booking.

Free Staking

LYOTRADE offers staking with the goal of boosting users’ income from staking. They have various options for staking LYO and USDT, with different annualized returns and locking periods. LYO staking for 12 months offers a return of 36%, and for 24 months, up to 50%. USDT staking generally offers 18% or 24% returns over 24 months. The locking period is either 360 or 720 days. Some options fully lock the staking process, while others have partial or no lock.

For further assistance, you can email LYOTRADE at info@lyotrade.com. Their services include Spot and Margin trading, Futures, a DEX Swap, Crypto loans, and more. They stress that trading in cryptocurrency is risky and do not provide personal financial or investment advice.

You can download their app from the App Store or Play Store.

Google Play

The LYO WALLET app by DIGILYO APP LTD is a non-custodial crypto wallet. It lets you fully control your keys and digital assets like cryptocurrencies, tokens, and NFTs. Your keys stay on your device only. The wallet supports Bitcoin, Ethereum, LYO Credit, and more. The app is free and was recognized as the Best Crypto Solution in 2022.

With LYO WALLET, your privacy is in your hands. The app doesn’t share your keys or funds. It allows peer-to-peer trading without fees or an intermediary. You can directly control trades, prices, and settlement times. The app also lets you swap cryptocurrencies easily without multiple transaction fees.

You can store NFTs and will soon be able to buy and sell them. Buying crypto with a card is secure and private, as you don’t share sensitive info with the app.

For any issues, you can contact their support at support@lyofi.com. The app was updated on Sep 29, 2023, with fixes like USDT(ETH) withdrawal. It collects no data and shares none with third parties.

Note that the link to wallet.lyofi.com is broken, so you may need to use the provided email for support.

App Store

The LYO WALLET app is a secure way to handle crypto and NFTs. It is for iPhone users. The app gets a perfect 5.0 rating in the App Store. It’s free and easy to download. The wallet holds many types of cryptocurrencies like Bitcoin and Ethereum.

You are in complete control of your digital assets with LYO WALLET. The wallet does not hold your keys; they stay on your device. This means no one else can access your assets. The app lets you trade directly with others. There are no fees for this. You also get to choose who to trade with and set your prices.

LYO WALLET lets you swap different cryptocurrencies quickly. This means you can trade without paying extra fees. You can store your NFTs in the app, and soon, you can buy and sell them, too.

Buying crypto with your card is safe. You don’t have to give the app any personal details. This protects your privacy.

The latest update of the app was on May 23, 2023. This version fixed some issues with withdrawing Bitcoin and other currencies. It also added a new feature to remind users to save their recovery phrase.

The app does not collect any data from its users. This keeps your information private. It works on iPhones, iPod touch, and Mac with an M1 chip or later. It needs at least iOS 11.0 or macOS 11.0 to run. The app is only available in English. It’s free to get from the App Store.

LinkedIn

LYOPAY is a company that allows people to pay for their daily essentials using cryptocurrency. Their ultimate goal is to make cryptocurrency the primary form of currency. They take legal compliance seriously and have implemented strict rules to prevent money laundering and ensure the identification of their customers.

They offer many products that let you use crypto in your daily life. You can find out more on their website or their white paper. They started in 2020 and have their main office in London.

LYOPAY is not a big company. They have 51-200 employees. The company has a few related pages on LinkedIn, like LYOPAY Pro and LYOWALLET.

They are part of a bigger network that includes other financial services and tech companies. People who are interested in financial services and technology often check out LYOPAY. They also look at companies like WEWE Global.

LYOpay Blog

Based on their blog, LYOPAY is active in the crypto world with a lot happening.

According to one of the blog posts, LYOWALLET users are moving to LYOTRADE, a change that brings new chances for growth.

Instagram

LYOPAY has a strong presence on Instagram:

• The account, @lyopayofficial, has 1,004 posts and over 7,000 followers.
• LYOPAY uses its Instagram to promote its ecosystem of digital apps.
• These apps are centered around the LYOTRADE platform.
• They aim to make handling crypto easier for users.
• The link in their bio, linktr.ee/lyopay, offers more resources and information.
• Their Instagram feed includes various types of content like announcements, product info, and media features.
• They also provide information about cryptocurrency exchange listings.

YouTube

LYOPAY is active on YouTube:

• Their channel @LYOPAY has over 2,000 subscribers and 127 videos.
• They focus on using cryptocurrency in daily life with the hashtag #PoweringPeople.
• They are open to business inquiries at info@lyopay.com.
• Their operations are based in the United Kingdom.
• Their channel started on August 26, 2020.
• Since then, they have gained almost 100,000 views on YouTube.

Telegram

LYOPAY has several channels on Telegram:

• The main LYOPAY channel has over 41,000 subscribers. It gives official updates about the LYOPAY Ecosystem’s products.
• The LYO Credit (LYO) channel has over 1,500 subscribers. It focuses on trading the LYO/USDT pair on lyotrade.com.
• LYOTRADE’s channel has over 3,400 subscribers. This channel is for announcements from the lyotrade.com exchange.

These channels provide updates and information on how to engage with LYOPAY’s services and trading platforms.

Facebook

LYOPAY is active on Facebook, with 6.8K likes and 6.1K followers. Here’s a summary of their recent posts:

• 2 days ago, LYOPAY announced that LYOWALLET and LYOTRADE will merge by the end of 2023. This is to improve user experience. You can read more on their blog.
• 4 days ago, they talked about how easy it is to buy and sell crypto on their platform. They support many networks and payment methods.
• 5 days ago, LYOPAY introduced the Rewards Hub on LYOTRADE. It offers tasks and challenges with rewards for users.
• On October 26, LYOPAY shared positive user reviews from Trustpilot about LYOTRADE.

Twitter (X)

LYOPAY has a strong presence on social media, with over 9,000 followers. They use their platform to share updates about their digital apps, especially the LYOTRADE platform. Here’s a summary of their latest posts:

• On October 17, LYOPAY shared big news. They are changing LYOWALLET by the end of 2023. It will join with LYOTRADE to create a better service.
• Recently, they highlighted the LYOTRADE mobile app. It’s easy to use for trading cryptocurrencies. The app is smooth and full of features.

LYO Ecosystem Reviews

Trustpilot

LYOtrade.com

LYOTRADE by LYOPAY has a TrustScore of 4 out of 5 with a 4.1 rating from 53 reviews. 73% of the reviews are 5-star, but there’s a significant number of 1-star reviews (13%). Customers have complained about the company’s service, particularly:

• A customer claimed LYOTRADE liquidated their Bitcoin used as collateral without notice and is now unresponsive.
• Another reported a loss of $200,000, accusing LYOTRADE of liquidating their Bitcoins without warning or proper notification.
• One customer couldn’t access the site and had issues with their application, reporting no response from support after five days.
• Several customers are unhappy with high withdrawal fees, calling them excessive and demanding reductions.

In response, LYOTRADE claims to work towards a more cost-effective experience and encourages reaching out through their support email for assistance.

The company promotes itself as a regulated cryptocurrency exchange offering various trading strategies and over 250 cryptocurrencies. They emphasize compliance with AML and KYC procedures and provide services like staking, crypto loans, and a savings feature. They cater to international users with a multilingual platform and customer support.

LYOTRADE responded to 8 out of 9 negative reviews, with replies taking over a month. They encourage detailed reports from users via their support portal to resolve issues. They also claim to offer a seamless and cost-effective experience despite raised fees to maintain service quality, with promises to address the high fees issue in the coming months.

LYOpay.com

Many customers are unhappy with the LYOPAY App. They have given it one star. They say it is a scam or a pyramid scheme. Some say LYOPAY has very high fees. Others have trouble with customer service. They don’t get clear answers. Many find the app has too many bugs and high costs.

Customers also report problems with closing accounts and withdrawing money. They say it takes a long time and is almost impossible. One person says the app asked for €1500 to join a program. This person thinks that is too much. The company says it is improving and adjusting prices. They want to give better service. But many customers are still not happy. They say the app has failed to deliver promised services. Some users are thinking about legal action if their issues are not solved.

The company often says to check the white paper or contact support for help. However, users say this does not solve their problems. The company replies to some reviews. They say they are not a scam or pyramid scheme. They invite customers to talk more by email. But the negative reviews continue. Many users advise others to stay away from the LYOPAY App. They think it’s not worth the trouble.

LYOpay.pro

LYOPAY Pro has a TrustScore of 5 out of 5 on Trustpilot, based on 44 reviews. Every review rates it with five stars, indicating excellent customer satisfaction. Clients praise its powerful tool that offers five types of cards, including virtual and solid gold. They highlight its broad reach with delivery in over 160 countries and the ability to exchange cryptocurrencies into different currencies through various IBANs. The service is described as a significant advancement for the crypto industry, providing a seamless experience for converting crypto to fiat currency. Customers appreciate the ease of international transactions with the LYOPAY Pro card, which they find crypto-friendly. Users also value the card’s quick delivery and the swift appearance of funds in their accounts after a bank transfer.

Additionally, customers find the LYOPAY Pro platform user-friendly, especially for those new to the crypto world. The app combines cryptocurrencies and fiat money, making it highly recommended by users. The services are also ANML compliant, ensuring safety and regulation adherence. LYOPAY Pro is lauded for its comprehensive services, such as luxury concierge, smooth payments, and attractive rewards, which provide a VIP experience. Furthermore, the application is recognized for bridging fiat and crypto with ease, offering a range of transaction facilities and rewards.

Moreover, LYOPAY Pro is praised for its usability in everyday transactions, including shopping and bill payments. Clients report a smooth experience using the card in various settings, including supermarkets, shops, and ATMs. The LYOPAY team is commended for their excellent staff and customer service. Overall, customers describe LYOPAY Pro as a perfect app and a real super app, suggesting that it represents a significant step forward for the crypto industry.

Review of the LYO Crypto Ecosystem at Behindmlm.com

New Zealand’s Financial Markets Authority (FMA) issued a warning about WeWe Global and LyoPay. They might be engaging in Ponzi and pyramid fraud. These companies are not registered to provide their services in New Zealand. The FMA advises caution when dealing with them.

WeWe Global expanded its Ponzi scheme in 2022 by introducing the LYO token. This replaced their WEWEX Ponzi points. After LYO collapsed, they launched the LFI token.

Diego Endrizzi, associated with WeWe Global, is promoting the scheme in Australia and New Zealand. Before this, he was a distributor for other MLM companies and now resides in Dubai.

David Farrier has reported on WeWe Global’s activities in New Zealand. Jonathan Callinan, a New Zealand promoter for WeWe Global, refused to comment on his involvement when approached by Farrier.

WeWe Global’s website traffic mainly comes from Germany, Italy, Argentina, and Bulgaria. Italy’s traffic is dropping, which may explain why promoters are targeting other regions.

The company is not legally registered in any jurisdiction, which implies global securities fraud.

As of August 2023, WeWe Global has collapsed for a third time.

Danny de Hek has been exposing the Ponzi scheme HyperVerse and warns against WeWe Global. He also criticizes their use of misleading marketing tactics.

Several individuals are identified as key figures in promoting WeWe Global. They are known for previously marketing other Ponzi schemes. Some of these individuals are based in Dubai, a city criticized for harboring scammers.

Review of the LYO Crypto Ecosystem at Dehek.com

A page on this website contains a transcript of a speech or presentation given by an individual discussing a crypto-related business venture. The setting seems to be a formal meeting or a promotional event, possibly held at Novatel Christchurch Airport, involving a company or project named WEWE Global.

Key Personalities Mentioned:

• Diego Endrizzi and Fabio Endrizzi: Possibly prominent figures within the company or scheme, noted for their strong presence and leadership.
• Steve Condos: Another notable figure who was expected to attend the event.
• Tony Mark-Seymour: Mentioned as an Oceania Country Manager and speaker at the event.
• DANNY: DE HEK: Self-described as “THE CRYPTO PONZI SCHEME AVENGER,” a critic of the venture who raises alarms about its legitimacy.

Business Proposition:

• The venture involves various aspects of the cryptocurrency ecosystem, including a mobile app that mints tokens, suggesting a digital currency or blockchain component.
• There is an emphasis on team building and recruitment, with the potential for high earnings (as exemplified by the young ambassador earning 20,000 euros).
• The business model may involve aspects of multi-level marketing (MLM) or network marketing.

Criticisms and Concerns:

• The company and its venture are being labeled as a crypto scam or Ponzi scheme by the critic, DANNY: DE HEK.
• There is skepticism about the real product or service being offered, with suggestions that the business operates primarily on recruiting new investors to pay returns to the earlier ones.
• The critic warns attendees and readers to be cautious, to withdraw their investments, and to resist the company’s persuasive techniques.

In essence, the provided text documents an event that combines elements of a business presentation with social engagement against a backdrop of critical voices warning about the potential for fraud within the cryptocurrency venture.

Warning from the New Zealand Regulator about a member of the LYO Crypto Ecosystem – The Financial Markets Authority (FMA)

The Financial Markets Authority (FMA) in New Zealand warns about WEWE Global and LYOPAY. They are suspected of running a Ponzi and pyramid scheme. They offer cryptocurrency products through webinars and events. However, they are not legally registered to offer these services in New Zealand. The law requires such entities to be on the Financial Service Providers Register. Also, they need to follow the Financial Service Providers Act and the Financial Markets Conduct Act.

The FMA advises people to be careful with these two entities. Their websites include wewe.global and lyopay.com. Others are lyowallet.com, lyobanq.com, and lyotrade.com. More sites are lyomerchant.com, lyopay.pro, and lyotravel.com. Also listed are lyotechlabs.com, t.me/lyoswapbot, and lyocredit.io.

LYO Crypto Ecosystem Review Conclusion

Based on our investigation, the LYO ecosystem raises several red flags that question its legitimacy. With Trustpilot reviews split between high praise and severe complaints, it’s hard to judge. Many users report issues like high fees, poor customer service, and difficulty withdrawing funds. These are common signs of a risky operation.

The connection with WeWe Global adds to these concerns. WeWe Global has faced warnings from New Zealand’s Financial Markets Authority for running Ponzi and pyramid schemes. Since LYO has ties with WeWe Global, the caution from authorities is a serious matter.

LYO’s partnership with tbe.io isn’t clear. But, the criticism from multiple fronts can’t be ignored. Users and regulatory bodies have both pointed out problems.

The Bottom Line Regarding The LYO Crypto Ecosystem

In short, while some customers seem happy with LYO, many have serious complaints. The fact that a financial authority has flagged related entities as scams cannot be taken lightly. When in doubt, it’s safer to stay away and look for more transparent and well-established options in the crypto world. Always do thorough research before investing.

If you have fallen victim to online scams, please comment below. If you have suffered a substantial financial loss, do not despair. We are here to assist you in recovering your funds!