On Tuesday, February 13, LitePay Inc. announced a release date for its supposedly payment interface with Litecoin (LTC), and to the surprise of many the platform will arrive much earlier than expected.
LitePay gives companies the ability to easily accept Litecoin payments, using the official Litecoin debit cards with VISA technology. Making real time cryptocurrencies transactions.. instantaneous and easier than ever before, ‘they say’.
IF THEY are to be successful, LitePay could actually revolutionize the cryptocurrency by bringing it into the mainstream.
LitePay seeks to eliminate the volatility associated with cryptocurrencies transactions by allowing providers the ability to instantly accept Litecoin payments, as well as instantly convert Litecoin into fiat money with only a 1% fee associated with each transaction.
According to Palwasha Saaim, Lombardi Financial’s research analyst, LitePay will really make a difference. Saaim explains:
“Litecoin users will be able to convert tokens to dollars and vice versa through their Visa-compatible LitePay cards, which can be used at all ATMs or companies that support company payments.”
Again, IF LitePay is to be successful, the NOW sixth largest cryptocurrency by capitalization Could become the first to truly break down the barriers that prevent cryptography from advancing by opening a new era of acceptance and usefulness within a market critics consider useless and purely speculative driven market.
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