LitePay Postpones Launch of LitePay Card

  • Patrick Thompson
    📰 News

    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


LitePay Postpones Launch of LitePay Card

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.

Cover image via u.today
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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

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