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RE: Crypto Analysis Report 8-24-18 Litecoin....Buyers At $47

in #bitcoin • 6 years ago

Litecoin has never recovered from the debacle that was LitePay athoigh an alternative is in the works supported by the Litecoin foundation. I have been adding to my position as this will be the asset I intend to use for daily purchases once adoption grows and the ecosystem is ramped up.

6 years ago in #bitcoin by
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     6 years ago 

    I'm not familiar with the Litepay debacle, I will have to do some research.

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       6 years ago 

      LitePay was a project that Litecoin Foundation funded and supported to create a debit cards backed by the Litecoin protocol and cryptocurrency. After they had announced a beta and a portal to start signing up both users and merchants, LitePay asked the Foundation for more money to finish the project which was rejected due to the unable to demonstrate the best use of the original funds. Thus, the project was killed. However, the Foundation has since picked up the project to lead on their own with members.

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       6 years ago 

      Thanks very informative.

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