LoFi while easy to say, has a negative bias. It is the opposite of HiFi isn’t it?
What about LocFin (Locative Finance):
Locative Finance or LocFin is finance concerned with and functionally bound to a location, be that “in”, “on”, “at”, and “by” a specifically identified geographical location thru Crypto Spatial Coordinates for an open and interoperable standard of location in Ethereum smart contracts.
LocFin realizes such transactions are only possible for participants because of de jure presence in a locale, city or region and through the use of Blockchain technology will reduce the cost of administering and providing this service in a more secure manner.
The implementation of Locative Finance, however, is not bound to the same location to which the transaction occurs as the ‘Proof of Location Protocol’ establishes Consensus on whether an event or agent is verifiably at a certain point in time and space to support the requirements of the Locative Finance service.