PLATFORM OF PAYMENTS WITH LITECOIN, LITEPAY, WILL COME OUT IN THE NEXT DAYS WORLDWIDE

LitePay, a payment platform with litecoin (LTC), will be launched to the public in the coming days. This caused an increase in the price of the cryptocurrency during the previous days, despite not having been enough for the LTC to withstand the onslaught of the downtrend that characterized the market in recent days.

The announcement was made in the month of December through social networks, where it was clarified that its launch would take place during the month of February. Now that the deadline set by the team is met, the community expects the official exit to the market of this platform that can greatly facilitate the use of litecoin as a means of payment anywhere in the world.

On December 21, when the company announced that it would launch its product in February 2018 and that it would help grow "the cryptocurrency for payments," the price of each LTC exceeded $ 300.

LTC price on December 21. Source: CoinMarketCap.

However, during the month of January, the value of this cryptoactive went down to below $ 120, a level that it did not present since it started its escalation at the beginning of December.

Thanks to the expectation generated by the launch of LitePay, LTC recovered some of its value and its price is around $ 140 at the time of writing, after exceeding $ 170 per unit in the morning hours.

The crypto community is very enthusiastic about this platform, since it facilitates the integration of one of the main cryptocurrencies of the market as a method of payment in different establishments and businesses. This will surely result in an increase in the adoption and daily use of digital assets in people's daily lives.

One of the main benefits that LitePayes will bring is that establishments will not be obliged to store cryptocurrencies when receiving them as a means of payment, since thanks to the technology of this platform, litecoin holders will be able to instantly convert their LTC for dollars without costs of commission.

This allows enthusiasts of this cryptocurrency can use it anywhere in the world, as well as store them on the platform, which also has the technology of the company BitGo to implement the function of multifirm, making it safer to prevent theft.

Recall that during the last weeks of the previous year, the litecoin saw a large increase in its value due to various factors and we can expect that, when this initiative becomes operational and the adoption increases, the price will again reach maximum levels, such as those presented before this generalized fall.

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