Litecoin To Launch LitePay With Visa Compatible LitePay Debit Card In UK.

LitePay users will be able to load funds onto the Visa-compatible LitePay cards. Photo Credit: Getty

By Amani Hughes in express.co.uk

LITECOIN is poised to launch its exclusive transaction processor - LitePay - next week to consumers.

Highlights of the report:

With the launch of LitePay and LitePay Card businesses will be able to accept Litecoin anywhere in the world.

Litecoin owners will be able load their Visa compatible LitePay debit card right from their Litecoin wallet and use for payment anywhere where Visa card is accepted.

The website states: “The service provides value to two fundamentally different kinds of clientele for two different reasons.

“Firstly, it gives merchants an added incentive to begin accepting Litecoin because the payment processor assumes the risk of accepting the crypto - protecting merchants from market volatility. Secondly, it gives Litecoin holder more liquify in the short-term with their debit cards.”

Litecoin will have much quicker transaction times compared to Bitcoin and significantly cheaper fees.

Bitpay - a Bitcoin and Bitcoin Cash transaction processor - charges consumer $5 dollars per transaction to make payments in Bitcoin which take a long time to confirm.

In comparison, payments would be processed by LitePay instantaneously and settled directly with their bank.

Content source credit: https://www.express.co.uk/finance/city/914244/Litepay-launch-release-date-Litecoin-news-cryptocurrency-announcement-latest-news