First Litecoin-Native Visa Debit Card Is Being Launched
Charlie Lee instructed Cointelegraph that is their second try on the endeavour because the earlier one failed: “We beforehand labored with LitePay on a debit card however that failed when LitePay went out of enterprise.”
Lee additionally drew a distinction between this Litecoin-native debit card and different crypto playing cards that help the foreign money:
“There are different crypto debit playing cards accessible as we speak that help Litecoin, however they solely help funding with LTC. This card is natively LTC, so funds are saved in LTC till you swipe the cardboard.”
Although Litecoiners can already join the cardboard, the service itself won’t be made accessible for an additional few weeks. On a lighter word, Lee famous his opinion that there isn’t any such factor as a “Litecoin maximalist”:
“I do not assume that even exists. Most Litecoiners help and maintain BTC additionally.”
Customers will have the ability to make deposits in twelve of the preferred crypto currencies, together with all main stablecoins. In line with Lee, roughly 300 customers have signed up up to now. In the meantime Litecoin has repeatedly stayed amongst high ten cash by market capitalization and has one of many largest followings on social media.