LitePay Postpones Launch of LitePay Card

News
Tue, 02/27/2018 - 13:07
Patrick Thompson
LitePay claims that due to the recent hostilities by card issuers toward cryptocurrencies, the launch of the LitePay card at this point could have negative consequences
Cover image via U.Today

Yesterday, Feb. 26, 2018 was the launch date of LitePay. LitePay is a service that allows merchants to accept Litecoin for payments and convert it to fiat and allows consumers to sign up for a LitePay card that works like a credit or debit card whose funds are in Litecoin and converted at the spot rate when the card is used. Although the launch of LitePay for merchants went seamlessly yesterday, LitePay postponed the launch of their LitePay card sign-ups. LitePay claims that due to the recent hostilities by card issuers toward cryptocurrencies, the launch of the LitePay card at this point in time could have negative consequences.

Subscribe to U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions!

About the author

Patrick Thompson is a freelance writer who has written for several publications in the past about a vast range of topics.  Thompson is an Economics & Philosophy major at Rutgers University, where he is currently completing his senior year; upon graduating, Thompson plans to go to law school. Thompson is currently the

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy