I want to create a real world use case, hopefully using the Loopring Wallet.
This concept would be used by any existing business that has a yearly fund drive to collect fiat then convert that fiat into cryptocurrency may have a use case for this type of mutually accessible wallet.
For example, a church having a yearly Capital Campaigns fund drive or a live theater that sells a pre-seasonal ticket package to their patrons.
Can a Loopring Wallet be used in a business format where a number of Directors or Officers are needed to approve transactions as far as spending, investing, or releasing funds from a general pool?
Would a hardware wallet such as a Ledger be beneficial and practical to work with a Loopring Wallet in a shared business environment where a large fund of cryptocurrency is at stake?
I guess what I am asking, is a Loopring Wallet safe and practical as a Social Recovery Wallet for an existing business?
And, if so, how would this work?