UK publication announces Litecoin, one of the top crypto-currencies, is “poised for massive gains this week on the back of a ‘game-changing’ announcement.”
The article goes on to suggest that “fans” of Litecoin see the LitePay will send “price soaring.” The rationale is that this proves that Litecoin is a real-world, viable option for the future — and that future is right around the corner.
Performance is the real reason that Litecoin is going to boom in 2018. Simply put, by lowering transaction cost and adding convenience, Litecoin — with its super-fast payments — will soon be the preferred option of web payment. UK-based customers will be enabled to pay for products and services in their home currency with no transaction charges. And UK businesses will be able to accept Litecoin payments worldwide.
Palwasha Saaim, a Research Analyst at Lombardi Financial, said “It would allow businesses to accept Litecoin without worrying about price volatility. Payments would be processed by LitePay instantaneously and settled directly with their banks.” She said further ‘this is a gamechanger’. Furthermore, she added “The best part is that 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.”
We should note that the competitor BitPay charges a $5.00 transaction fee.
To say that it is a bargain at current prices is almost unutterable. It hit the 105 level during the recent crash, and has bounced further faster than any of the other top coins. And it seems that the rest of the cryptocurrencies are headed down for another leg down, which might pull a bit on the Litecoin price, but this story is only just beginning. Litecoin is like a triple-crown hopeful at the gate, just ready to break out.
A Litecoin wallet will also be available for all major mobile and desktop browsers. Also, instant withdrawals from VISA-compatible ATMs will be possible. As for businesses, transactions with any VISA merchant will be facilitated with LitePay. All of these features are just days away. So next week look for Litepay to take the UK by storm.