It looks like a social project. In general, social projects are not very interested. Like the improved version of Humaniq. If you ask me, the announcement title is very inadequate. What problems does low-budget people meet? Are people called low budget refugees? Are these people trying to integrate into the crypto sector while they are in big trouble?
I like this project very much. Humaniq, Stellar Lumens have ambitions for the unbanked. Think along the lines of financial difficulties migrants have, not just asylum seekers and refugees. The premise of Lala World is banking the unbanked. Perhaps the largest project I can think of in this space would be OmiseGo. There's also Everex. Both excellent projects.
What I like about Lala World (from what I've read so far) is the inclusion of micro lending (enormous potential for SME's), biometric verification and a debit card-ewallet tie in to name a few.
I think of the problems Metal Pay is looking to solve with industries like licensed cannabis vendors. With the amount of disparaged minorities across multiple social strata and industries, I can definitely see that there is space for multiple projects. Competition is always healthy, however with Generation 3 blockchain looking at interoperability/hyperconnectivity it will be awesome to see how LaLa World seeks to leverage off network effects. Really exciting stuff that is trying to solve such a massive economic, social and cultural issue.
Anyway, I'm from the ICON community and am looking forward to hearing about LaLa Worlds' presentation in the coming days.
