30 lines
1.7 KiB
Markdown
30 lines
1.7 KiB
Markdown
In your project, you can work with loyalty wallets to which you can assign
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a FIAT currency, a non-FIAT currency or a new currency created by you, to
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which you give a purchase and sale values. This is referred to as a
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personalized wallet by default.
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As a concept, a personalized or loyalty wallet accumulates balance or
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points that can later be exchanged for products, but that in no case can
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be transformed into liquid money regardless of whether it is the result of
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an ATM withdrawal, bank account, purchase of prepaid cards, or any other
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concept that facilitates cashing out from a loyalty wallet.
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Transfers between users are not allowed unless the destination or wallet
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of the beneficiary of the transfer is a wallet of the same type with the
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same limitations and the configuration of the wallet allows such
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transfers.
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Personalized or loyalty wallets rely on the currency table of the FX
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Exchange service to carry out the operations of buying and selling
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products from loyalty wallets, thus allowing customers to buy any type of
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product, if they meet the conditions to be acquired by a source of
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loyalty-type funds regardless of the type of currency held by the product
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to be purchased.
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In this way, a customer with a loyalty wallet in USD can purchase products
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published in EUR or MXN without any problem. Just like a customer with a
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loyalty wallet in My_Coin, can purchase the same products mentioned above.
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It is in the configuration of the FX Exchange currency table where the
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purchase and sale price of My_Coin is determined, with USD serving as the
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reference.
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