Founder & CEO, Lapits Technologies
Achiever's Success Story
Blockchain Evangelist, Founder & CEO of Lapits Technologies
Laxman founded Lapits in 2018 and was recently recognized on Clutch as one of the top blockchain companies in India and ranked among the top 20. He is a result-driven and visionary officer skilled at pro-actively participating in all aspects of business development and management. He believes that blockchain has the potential to completely transform the way information moves today and the decentralized payments are the future of payments which is disrupting traditional banking & finance.
In recent years, Blockchain Technology has evolved far beyond bitcoin and is now being tested in a broad range of business and financial applications. He has a self-developed passion and immense love for Block chain Technology. Deep analysis and sound understanding of tech terminologies has helped Lapits stand out in the blockchain and cryptocurrency space. Now blockchain is increasingly seen as much more than a Bitcoin database. Lapits has also built several in-house products such as “IDWallet – Decentralized document repository”, “Smart Insurance on Ethereum”, “Real Estate Tokenization on Ethereum”, “Project Management for Construction/permitting company on Binance Smart Chain”, “NFT Marketplace for Tron & Ethereum”, “Decentralized eCommerce”, “iAudit for Smart Contract Audits”, etc. Lapits is currently serving customers from 80+ countries worldwide and has successfully completed more than 100+ applications since its inception.
Laxman has also founded “bitbatua – India’s first cryptocurrency payment gateway”. bitbatua currently supports Bitcoin, Ethereum and USDT that the businesses can accept on their eCommerce applications. As said once by the CTO (Neetesh Gangwar) the gateways are more prone to security attacks, the team has built strong three layer security and uses modular microservices architecture with secured gateway built services ecosystem that blend event-driven and request-driven interfaces. Since decentralized blockchains are vastly different from the Centralized & Traditional Payment system, here are five reasons why should businesses accept cryptocurrencies for online payments –
- Low transaction fees that saves them money
- Instant settlement that saves them time
- Fraud-proof and no chargebacks
- Cryptocurrencies works worldwide
- Expands their customer base
The e-commerce industry in India, growing at an exponential rate, has the market value of approximately 64 billion U.S dollars in 2020. This number was estimated to reach 200 billion U.S. dollars by 2027. Today, approximately 0.1% of the total market value of eCommerce is collected in cryptocurrencies which is expected to be increased to 12% by 2022.