But still, taking this risk is better than zero hotel occupancy. Also, when we sell our gems to Lyka’s third party partner, the transaction takes 3 weeks before it is credited to our account. Accept Lyka gems – if we accept Lyka gems, we will take the risk until Lyka resolves its issues with the BSP. We were just thankful that we are a condotel so we survived (hardly) on our few tenants.Ģ. We have experienced zero hotel guests for several months, in fact it’s more than a year now since this pandemic started. Not to accept Lyka gems – this pandemic has a great impact on tourism related industry and that includes us – hotel and restaurant industry. We are in a situation wherein there’s a difficult choice to make between two alternatives, and that is:ġ. The company has already expressed willingness to. Users can accummulate Lyka gems just by interacting with other people’s posts on the platform. Although we were relieved for a moment, fear is instilled due to the recent news. One Lyka gem has a value of one Philippine peso. So we searched for more updated news and we read last Novemthat LYKA is in talks with BSP. The Management was definitely alarmed due to the volume of reservations accepted using Lyka gems as payment. We were just starting to appreciate this cashless transaction when suddenly we read the news last Octostating that BSP (Bangko Sentral ng Pilipinas) upholds halt order vs LYKA as Operator of Payment System. So the Management decided to repost on our Facebook page that we’re also a merchant partner and accepts Lyka gems… and it boomed in a few weeks time. But in my workplace, we only have a few Lyka transactions for the past months.
And a lot more videos of Lyka transactions like buying iPhone, food, clothing, services including home builders who accept gems for home reservation.
#Lyka gems to peso tv
There was also a video of a tv host who uses gems in paying their resto bills. I got more curious when I watched a video of a celebrity who purchased a brand new SUV worth Php 3.7 million using lyka gems. Also, I’m obliged to know more about this app because my workplace will soon be accepting gems as a form of payment. I have zero knowledge on this app but I signed up anyway out of curiosity. GEM actually stands for Gift card in Electronic Mode, and 1 gem is equivalent to 1 peso (Php). When you sign up, you will get an instant 5 gems from Lyka. It lets you earn gems on every action you take. I was introduced to this app early this year (2021) which is another social media platform where you earn gems for posting, sharing or liking contents on this app.
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