Cryptocurrency has been facing major losses and everyone’s crossing fingers that Litepay will change the course of cryptocurrency. Litepay is the tool which will allow businesses to accept Litecoin, and with Litecoin exclusive debit card it will be a competition to fiat currencies and fiat currency based debit and credit cards.
Litepay will do to cryptocurrencies what the internet did in the 1990’s. That is, it will bring a reason for businesses and people to come together in using Litepay in a more useful manner.
Palwasha Saaim, a Research Analyst at Lombardi Financial strongly suggested-
“Litecoin users will be able to convert Litecoins to dollars and vice versa through their Visa-compatible LitePay cards, which will be usable at all ATMs or businesses that support Visa payments.”
LitePay will going to be faster, cheaper and overall a better experience than the flop which was BitPay. It will be as simple as selecting from options when paying online.
The best part is that this will be for a transaction fee of just 1%- compared to the 3% charged by credit cards. Similarly, Bitcoin’s BitPay is notoriously slow and expensive with transactions fees that will run you about $5 making it cost prohibitive for small purchases like movie tickets or a bagel and coffee. The good news doesn’t end there.
Charlie Lee, founder of Litecoin recently sold his LTC in order to maintain a better cultured cryptocurrency and avoiding speculations of manipulations. His honesty is a sole reason for the success of Litecoin.
“Buying LTC is extremely risky.”
“If you can’t handle LTC dropping to $20, don’t buy.”
Such statements are never said by any other Cryptocurrency owner, which shows honesty in the coin everyone loves called Litecoin.