LitePay Cards for Merchants

LitePay was supposed to be a ticket to greatness for Litecoin. But now, it turns out the launch of the service would be only partial, and the unrolling of Litecoin payment cards has been delayed. However, the possibility for a single standard for accepting Litecoin, instead of ad hoc solutions and per-piece wallets, may see the asset spent more widely in 2018, as is the intention of the community.

What LitePay Launched

Even on February 26, there was a strange radio silence from the LitePay project. What really was launched was a sign up process for merchants, with the real product to be unrolled at some point in the future.

The possibility to unroll Litecoin cards has been cancelled, much to the anger of Reddit users in the Litecoin community. The biggest problem for issuing crypto-based cards comes with intermediaries between VISA and the crypto-related payment system. The rift between VISA and WaveCrest caused trouble with the TenX and Wirex cards, and sent the projects out to look for other intermediaries.





But so far, there is no telling how LitePay would achieve worldwide acceptance, much less achieve it quickly. LitePay itself is a relatively small startup, trying to build its ecosystem from the ground up, with little influence right now.