LitePay was a project that Litecoin Foundation funded and supported to create a debit cards backed by the Litecoin protocol and cryptocurrency. After they had announced a beta and a portal to start signing up both users and merchants, LitePay asked the Foundation for more money to finish the project which was rejected due to the unable to demonstrate the best use of the original funds. Thus, the project was killed. However, the Foundation has since picked up the project to lead on their own with members.
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Thanks very informative.