LIFE is digital cash, which functions as a reward system for large businesses, charities, communities and innovation projects. It can be bought, sold and traded like shares or can be used to purchase items from a growing number of retailers.
According to the roadmap of LIFE, LIFEwallet and the first LIFEcards should be released to the public in April 2018. The users will be able to utilize LIFEwallet online portal or mobile application to convert their preferred cryptocurrency to an equivalent prepaid balance on the LIFEcard in seconds. LIFEcard is a prepaid card, and while there are strict identity verification checks, there will be no credit checks or credit limits.
LIFE cards samples
According to the website of LIFE, LIFEwallet is being developed alongside LIFEcard as an integrated companion application, and a crytocurrency wallet in its own right, but the further details will be announced separately.
As for the future plans of LIFE, May 2018 will be marked by first LIFE conference in London, and Cryptosaurus will adopt LIFE as a payment method, and the Stage 2 of LIFE adopters will be announced in June, 2018.