Are you in Lyka? (A Social Media Apps that let you earn a point for the exchange of Goods), Lyka was instructed by Banko Central to halt it’s operation and to have their company register as an operator of payment system (OPS). According to rappler :
The BSP said that based on its features, Lyka should register, as specified in Republic Act No. 11127 or the National Payment Systems Act.from Rappler
Registration is needed to ensure that the app “functions safely, efficiently, and reliably by itself, consistent with the central bank’s objectives of consumer protection and financial stability.”
Let us see what will happen to Lyka. Many celebrities have used Lyka, to earn gems, some celebrities were able to by their own car through the use of Lyka Gems that they obtain from their followers.