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You may use a credit card for Litecoin soon

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February 8, 2018 | 

Joanna Newman |  0 Comments| 

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As Bitcoin is facing several issues at the moment, other cryptocurrencies are gaining popularity among users. Litecoin is one of the digital assets that is directly beneficiating from Bitcoin momentary loss of value, and startups such as Litepay see it as an opportunity to provide a pertinent and useful service: a credit card for LTC users.

A little introduction to Litecoin


Bitcoin was the very first cryptocurrency to be created, and several followed, such as the Litecoin. This one was created in 2011, by former Google employee Charlie Lee, and is now one of the biggest cryptocurrencies there is on the market. Largely inspired by the Bitcoin, Litecoin also function on a blockchain-based system, and it relies on a network of Peer to Peer users. The mining process allow people to be reward of Litecoin based on the Proof of Work, like Bitcoin.



The billion dollar milestone was reached by its marketcap in November of 2013, and in the midst of December 2017, its unit peaked at approximately $370. Like other main cryptocurrencies, the value of the Litecoin dropped a lot at the beginning of this year, with a loss count of more than 60% of its value in December. However, specialists are expecting a soon growth of such value, and that’s all thanks to the initiative of the Litepay Startup, whose services are going to change the way we use cryptocurrencies.

The long awaited credit card for a cryptocurrency


Litepay is a startup who plans to propose credit cards for Litecoin users. You would have to buy the credit card online, and it would be delivered to your home a few days later. Once activated, you can directly store Litecoins on your account, and use your credit card like you would use any other regular credit card. This means you will be able to directly convert your Litecoins into money using ATM, and also to make Litecoins transaction with very low fees.



Litepay intends to charge you only 1% of your transactions, when other companies ask far more than just that. Such credit card would bring major change in the world of cryptocurrencies; first of all, there’s the possibility to directly get cash from ATM, and also to buy things directly using your Litecoins, because they would be automatically converted

Litepay might have a bright future


The optimism of cryptocurrencies experts when it comes to the Litecoin mainly flows from the Litepay startup. Even Charlie Lee sees the potential that lies behind this company and its future service. The actual dropdown of crypto-values is deemed by many as temporary, and it would bounce back soon for the cryptocurrencies whose real value is still uncovered.

Soon, other cryptocurrencies might have their own credit card, and this possibility has already been mentioned for the Bitcoin Cash. For now, the Litepay cards aren’t available yet, even if the website is already online. All we can do now is wait for Litepay to allow us buying their card and use cryptocurrencies on a daily basis.

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