Litecoin is developing its own payment processor called LitePay, which is set to be released on February 26th.
\r\nLitecoin is one of the most in-demand cryptos currently available, and LitePay will help support its growth even more. LitePay is a crypto wallet that allows users to make transactions using Litecoin. It also allows users to store crypto and to convert Litepay coins into dollars.
\r\nLitePay was developed using the SegWit wallet design, which is responsible for some of the most popular and efficient wallets on the market. The wallet is made secure using BitGoTM, which protects user\'s crypto from being hacked. LitePay will also be useable on smartphones and computers.
\r\nLitePay will be connected to a special card that can be used to undertake all transactions when using a wallet. In order to access the LitePay wallet, a LitePay card will need to be purchased.
\r\nThe LitePay card can be used just as a debit card can, and wherever a Visa card sign is present. Users can load dollars and Litecoin onto their card for spending, and the card can also be used to make international payments.
\r\nLitePay also includes a fee of 1% for all transactions; this makes it significantly cheaper than the fee charged by many cards, which is currently 3%-5%.
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