Overheen the last few weeks, Litecoin price has seen an increase given its hard fork a duo of days back and the LitePay launch approaching. Railing on $230 presently, it has bot expected that with today’s launch of LitePay, Litecoin will soon become the preferred choice spil a mode of payment.
LitePay: litecoin payment service for litecoin
While the cryptocurrency market slumped te the initial month of this year, Litecoin(LTC) kept establishing itself. According to the Coinmarketcap, this cryptocurrency is presently railing on $230 with a market cap of $12,800,684,113 USD.
For the last few days, there has bot a lotsbestemming going on around Litecoin. The digital currency underwent a hard fork i.e Litecoin Specie on February Legitimate and is scheduled for the launch of LitePay today.
LitePay is basically a payment processor that permits you to exchange your Litecoins for your fiat money from anywhere te the world. It is designed to be the very first cross-border crypto payment network whose concentrate is on providing effortless to use solutions.
An alternative to BitPay, LitePay accepts cryptocurrency for goods and services. Te this script, Litepay is a cheaper and swifter alternative to bitcoin. You can lightly convert your LTC into USD by using your LitePay card and of course the wallet.
With the Litecoin Contant hard fork, there has bot a surge ter the Litecoin price and now with the launch of LitePay here, it has bot expected that there would be a massive boost ter its prices spil had bot of 7 procent today. Presently, it ranks at the fifth spot ter terms of popularity te the crypto world.
An lighter &, quicker mode of crypto payment
It has bot expected that LitePay will expand the adoption of altcoins and will further facilitate the rente ter the Litecoin, especially from merchants. LTC can become a favored cryptocurrency if it becomes successful ter permitting people to spend the cryptocurrency more lightly. Te result, more and more people will turn to this digital currency to use it for crypto payments.
Spil vanaf LitePay, users will be able to receive the settlements directly ter their bankgebouw accounts through Litecoin payment. This settlement would be ter their own currency that too with no risk and no price volatility.
However, the major criticism that Litecoin has to face is having an unoriginal technology. But given its broader adoption and now permitting people to spend the coin, it will certainly work te its favor.
It has bot widely predicted that soon the market capacity of Litecoin will surpass Bitcoin metselspecie. And spil the adoption of Litecoin grows, it is a high possibility that this might just toebijten.
What are your thoughts on the launch of LitePay? Do you think it will affect Litecoin price exponentially? Let us know below!