Litepay was supposed to be the next generation payment for LTC with debit card and such. The closed date of launch was, the more it looked sketchy from side of Litepays CEO.
Today Litecoin Foundation added official statement.
But actually, there is other payment systems for LTC.
BtcPayServer https://github.com/btcpayserver/btcpayserver
LitePal
Keep in mind LTC loves trolling 1st April may be a strange day..
Abra Adds LTC
I wrote about Abra when it was starting but this video explains pretty well how this is going to work.
Litecoin Markets
Still its mostly FIAT going into LTC not BTC or other cryptos.
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Not surprised, don't think government wants an easy way for untracked money to enter the system so easily.
I think Coinbase has a credit card, but they are pretty tight about tracking real identities.
It's all recorded on the Blockchain, I don't believe it has anything to do with it being tracked or not, it's the fact Litecoin is not thier coin that they control, this goes for Bitcoin and any coin really. Anyone can view the Blockchain, anyone can track it, they don't like that, they don't want any coin where anyone can see and track where they shift their funds to. They like the idea of a digital currency, a cashless society, dependent completely on their system of control, where they can track you, but you can't track them.
In the book "Nowhere to Hide" about the information produced by Edward Snowden...it's clear there is very little that the NSA is unable to see. I already thought the spying issue was bad and was surprised to hear it was far worse than I believed.
It really doesn't surprise me at all, Feudal kings would have spies on their serfs to contain any thoughts of rebellion or freedom, Spying tech really came a long way during the world wars and the following cold war. In today's tech age it makes sense that they ramp it up as people who just want freedom are their biggest threat to power.
Yeah but shape shift from monero to Litecoin and use a litepay in the wrong name. That wouldn't be too hard?
I don't want to hide anything, just simply wanted to use it as intended, a currency.
I really wish Litepay made it.
However, this bankster world is hard on any financial institution that isn't a "bank" that kisses the ring of the rots-children and the queen.
Great news with litepay failing, won't be able to waste my litecoin buying stupid things with a card. Stuff I probably won't use much and don't need. Can't imagine how I'd feel spending litecoin when it's $140 now only to see it then go past $2000 and I wasted it buying useless crap .
I was planning to get paid in Litecoin, then spend it as needed. Maybe as he sell it, it will get resurrected?
Never been a fan of litecoin although if seems promising. So I guess it doesn’t affect me? XD
Nice and condense info thanks!
Thank you for the information @kingscrown, very helpful.
I like litecoin. It's a shame litepay didn't take off. But Charlie lee is on the ball so I'm sure he has more tricks up his sleeve. I will be HODLing litecoin till the end.
Welp, that was fast.
Guess crazy hyped things don't always last that long ... cough ... ZCASH ... cough. Who'd have known.
Thanks for the good news @kingscrown!
I was bummed out when I heard Litepay got canceled, and people on different forums are talking smack about LTC. Glad to hear, that LiteCoin isn't going away anytime soon!
Hi@kingscrown , It's good post about cryptocurrency! I enjoy your content and it's helpful for me. Keep up the good work.
It's always nice to see good content here on Steemit
@kingscrown, you always provide important information and I will always support your post upvote and resteem you.
Not personally a holder of litecoin but I believe in the growth of the system as a whole. Disappointing but just a small road bump. I am sure there will be an adequate replacement.
wonderful post (Kingscrown)thanks
Hey man. Your blog on the topic of LitePay is a little more positive than mine, haha. I'm so frustrated if I'm honest. It just seems like shitstorm, after shitstorm we have to battle and with Charlie Lee talking this mob up so much, it's self inflicted.
LitePal is probably the most promising of the remaining companies, yeah?
"informing us that he has ceased all operations and is preparing to sell the company."
Is it not possible that the buyer will resurrect it? The buzz around it was huge, obviously the guy running it was a pump and dump moronic tapeworm. Surely there must be an entrepreneurial genius out there salivating at the chance to pick this beast up?
That's sad. I had some LTC and hoping for good news.
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They are doing deals with credit card companies to try and adopt it as a form of payment within those companies. Its growing six times faster than Bitcoin!
Not surprised, don't think government wants an easy way for untracked money to enter the system so easily.
I think Coinbase has a credit card, but they are pretty tight about tracking real identities.
Hey you stole my comment word for word 😡
Wow, he did too, I commented on your comment... On this very thread, wtf? 😯