LITECOIN is ready to launch its exclusive transaction processor - LitePay - next week to consumers. But when does it start and where do you want to use the payment processor?
LitePay is the payment processor for Litecoin, where retailers can accept Litecoin payments instantly from anywhere in the world.
A Litecoin wallet will be available where users can load Litecoins on a Visa-compatible LitePay card that will be supported worldwide.
It's an exciting launch that is expected to send the price as it launches.
When does LitePay launch?
Litepay is expected to be released this week, no official release date has been confirmed, but it is "on its way to its February launch and is expected to be released for consumer use this week."
The transaction processor was originally published just before Christmas by the Litecoin Foundation.
It has been called a "game changer for Litecoin" It would allow companies to accept Litecoin without worrying about price fluctuations.
Retailers do not have to worry about volatility because the payment can be converted to dollars instantly.
When companies accept kryptocurrency at a given price at any given time, they will be paid the final value - they do not have to worry about any price changes.
Where would you like to use LitePay?
LitePay users will be able to convert litecoins to dollars and vice versa through the Visa-compatible LitePay card, which can be used on any monetary or business-supporting Visa payments.
The LitePay Visa card can be used where Visa cards are accepted and take the money directly from your Litecoin wallet.
LitePay charges a fixed fee of 1% per Transaction compared to normal credit card fees that are around 3% and the BitPay transaction fee of $ 5 dollars per Transaction.
