LTC ‘Gamechanger’, Litepay Will Be Launched In Few Days

One of the pointed limitations of cryptocurrency is its volatile nature. Experts are of the view that within the time of transformation from cryptocurrency to Fiat value its worth can change. To eradicate this loophole LTC is going to launch Litepay. Litepay is a new payment platform based on blockchain technology. Here, retailers can accept payment from any spot in the world and with the help of its e-commerce tool and can be easily converted into USD immediately. As you have immediately converted it into USD, you don’t need to worry about ups and downs of the market. Their website has put its features in this way: “Use LitePay’s retail, e-commerce, billing, and donation tools to accept payments from customers anywhere on earth. Receive settlement from Litecoin payments directly to your bank account in your own currency, with zero price volatility or risk.” Litepay wallet was announced before Christmas and is expected to be launched by next week. It will allow its UK based customers to pay and receive in dollars without any transaction fees. It will be available for desktop browsers and major mobiles as well. One can also conduct instant withdrawals with VISA compatible ATMs by the usage of Litepay Visa cards. Another benefit of dealing in Litepay is that it is comparatively cheaper and faster as well. It charges 1% of the transaction whereas credit cards charge 3% of the transaction amount and Bitpay charges $5 for all transactions and the transactions are time-consuming as well. In an interview with express.co.uk a research analyst, Palwasha Saaim praised Litepay saying that it would let businessman exchange currency without being concerned about the price change. It will play a game changer role for Litecoin. Telling about its other benefit Palwasha added that VISA compatible Litepay cards which will be able to be used at all ATM system is the best part of this wallet. Up to now, not much have thought of using virtual currency in the form of debit cards which they would carry all around. This can be a memorable step for LTC as it projects a wider view for all digital tokens. Litecoins initiated with a dream of an ex-google employee Charlie Lee to contrive a better version of Bitcoins followed by a surprising hit in November 2013. Currently, its market cap is US$7,455,347,162 and each litecoin is valued at more than US$135.