LPY Protocol is a decentralized closed-loop blockchain payment and merchant account ecosystem. It is powered by the only wholly-owned black FDIC-insured bank and the first black acquirer in USA History. LPY tools include:

• Merchant Chargebacks and Refunds interact with the Binance Smart Chain to settle disputes using RCC, ECI, and Credit Card processing.
• Leisure Pay transaction is verifiable on the consumer’s bank statement and then on the Blockchain with direct access for the consumer charged for querying the transaction.
• LPY process provides a post-return method for consumers that pay with their bank account using a Check/RCC/RDC/RCC/ECI or digitally created check.
• Decentralized Dispute System: The BNB smart chain is used to efficiently facilitate full transparency of any disputed payments within the Bank. LPY token backs those reserves via smart contracts with an open dispute resolution center.
• LPY decentralized smart contract protocol (based on Binance Smart Chain), LeisurePay provides a portal where customers can log in to make refund requests or dispute a charge. They are assigned an ID to enable a trust scoring system. If fraud occurs at an unacceptably high level, the consumer will receive a correspondingly lower score. 

LPY is the native utility token that is used for:

• Fees for processing transactions.
• Running validator nodes on the network.
• Used for governance votes to determine LPY network chargebacks.