Published On: Thu, Feb 15th, 2018

A Lite to Guide Us — LitePay, Lcash Helps Litecoin Lead the Crypto Recovery

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Litecoin has dominated the cryptocurrency market this week. The fifth largest cryptocurrency by market cap has surged upwards of 50 percent from Tuesday morning to the time of this writing, arguably bringing the rest of the market with it. Litecoin is currently trading at $233.81, after trading as low as $153.51 earlier this week.
Let There Be LitePay!
The cryptocurrency’s dramatic price increase has largely been driven by the announcement that LitePay — an instantaneous payment processor allowing vendors to instantly convert Litecoin transactions into fiat currency — will launch on February 28th.

We started because the people asked @Bitpay to accept LTC. They wouldn’t, so we took the challenge. Infrastructure for LTC February 26 #PayWithLitecoin #LitePay
— LitePay, Inc. (@LitePayInc) February 13, 2018

According to Palwasha Saaim, a research analyst at Lombardi Financial, LitePay is set to redefine the “currency” aspect of cryptocurrencies. Saaim explains:
Litecoin users will be able to convert Litecoins to dollars and vice versa through their Visa-compatible LitePay cards, which will be usable at all ATMs or businesses that support Visa payments.
LitePay’s potential is significant, to say the least. Cryptocurrencies have largely been hindered by limited use cases and minimal acceptance. The …

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