Litecoin news... LitePay launch!!!!!

LITECOIN is poised to launch its exclusive transaction processor - LitePay - next week to consumers. But when does it launch and where will you be able to use the payment processor?

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Litecoin news: When does LitePay launch? Where will LitePay be accepted?
LITECOIN is poised to launch its exclusive transaction processor - LitePay - next week to consumers. But when does it launch and where will you be able to use the payment processor?

LitePay is the payment processor of Litecoin where retailers can accept Litecoin payments instantly from anywhere in the world.
A Litecoin wallet will be available where users can load Litecoins onto a Visa-compatible LitePay card which will be supported worldwide.
It is an exciting launch that is expected to send the price soaring when it launches.
The website states: “The service provides value to two fundamentally different kinds of clientele for two different reasons.
“Firstly, it gives merchants an added incentive to begin accepting Litecoin because the payment processor assumes the risk of accepting the crypto - protecting merchants from market volatility. Secondly, it gives Litecoin holder more liquify in the short-term with their debit cards.”
Litecoin will have much quicker transaction times compared to Bitcoin and significantly cheaper fees.
Bitpay - a Bitcoin and Bitcoin Cash transaction processor - charges consumer $5 dollars per transaction to make payments in Bitcoin which take a long time to confirm.
In comparison, payments would be processed by LitePay instantaneously and settled directly with their bank.
When does LitePay launch?
Litepay is on track to be released on February 26, creator of Litecoin Charlie Lee said on Twitter.

The transaction processor was initially made public just before Christmas by the Litecoin Foundation.

It has been called a “game-changer for Litecoin” by Palwasha Saaim, a Research Analyst at Lombardi Financial.

She said: “It would allow businesses to accept Litecoin without worrying about price volatility.”

Retailers do not have to worry about price volatility because the payment can be converted into dollars immediately.

When businesses accept the cryptocurrency at a given price at a given time, they will be paid that final value - they do not have to be concerned about any price changes.