I just wanted to share some clippings and also my personal experience with Litepay. I have always liked litecoin and the idea of it being a commercial purchasing utility. First below the meme I posted is a small clipping from the Coin Desk article about Litepay shutting down.



Coin Desk Litepay Article

The foundation, which oversees development of the cryptocurrency, said in its post that it contacted the business' founder and CEO, Kenneth Asare, following the AMA on March 16, expressing concerns regarding the "less than transparent nature" of LitePay. It was then that Asare revealed that he had decided to halt operations and planned to sell the company.

The Foundation's post further explained:

"It was at this time that Kenneth asked the foundation for more funds to continue operations. The foundation refused any further funding as he was unable to provide a satisfactory picture of where the money had been spent and refused to go into exact details about the company and show objective evidence to back up his statements."

My experience was simple the Litepay site asked if you have further questions to reach out via email. So, I did and maybe a few days later I got this...



I wasn't sure if it was real or a thing people did, but no one has ever sent me an email like this before. So, I was extremely skeptical especially when I got another email from a different name with the same encrypted message. I even went on my podcast and talked in-depth about the shady nature of their response. Anyway long story short is be careful in this space, because even things you think might be real aren't. Do your research and be smart. Bye Litepay!

LINKS to our Coin Boys podcast

SoundCloud

iTunes

Follow me here @producerbtw

