Charlie Lee informed Cointelegraph this is their second attempt at the endeavour as the earlier one particular failed: “We earlier labored with LitePay on a debit card but that unsuccessful when LitePay went out of small business.”
Lee also drew a distinction involving this Litecoin-indigenous debit card and other crypto cards that assistance the currency:
“There are other crypto debit cards offered these days that guidance Litecoin, but they only assistance funding with LTC. This card is natively LTC, so money are stored in LTC till you swipe the card.”
Nevertheless Litecoiners can now indication up for the card, the assistance alone will not be produced accessible for another handful of weeks. On a lighter notice, Lee noted his belief that there is no such thing as a “Litecoin maximalist”:
“I will not imagine that even exists. Most Litecoiners assistance and maintain BTC also.”
End users will be capable to make deposits in twelve of the most well known crypto currencies, which include all main stablecoins. According to Lee, close to 300 customers have signed up so significantly. Meanwhile Litecoin has continually stayed among the top 10 cash by sector capitalization and has a single of the major followings on social media.