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RE: NEWS - LITECOIN LAUNCHES LITEPAY, HELPING CRYPTO GO MAINSTREAM
Before I continue to read: LitePay is basically BitPay’s merchant service, right?
Before I continue to read: LitePay is basically BitPay’s merchant service, right?
Great post! Would love if you checked our my opinion on where the LTC price could go.
https://steemit.com/cryptocurrency/@cryptovate/litecoin-s-litepay-to-bridge-fiat-and-crypto
Hey @cryptovate. I like the look of what you’re doing on your blog so I’ve given you a follow and will hopefully see you around.
Keep up the great work!
But cheaper and faster 😎. Making LitePay more likely to be adopted by retailers and used by consumersz
...LitePay is gunna have to do things a lot differently than BitPay other than use a different protocol :) BitPay’s model has proven to have little interest and effectiveness in the brick-n-mortar world. All places I paid for goods with bitcoin in person were a joke, sadly.... wish I had the extra attention to share my experience here :D
You’re right that BitPay hasn’t had much interest in the real world, but that’s because it’s early days, fees are higher than credit, and price fluctuates too much. We have to give the technology time to be integrated and now the cost advantages over credit cards are there, we might see it happen faster. Hopefully at more reputable places.
I’d love to hear your real world experiences, if you’d like to share them?
Nah, it’s not because it’s the early days, it’s because they assumed people would use finances in the same, boring way. Stores don’t care about having “yet another payment system”, all they care about getting MORE customers!
And for example I don’t carry cash and avoid places that don’t offer credit card payment options. They’d have more customers from my generation if they weren’t cash only and crypto options will be the same.
good example.