LitePay Ceases All Operations Prior to Launch Due to CEO Controversy

TheMerkle Litepay LitecoinNot all developments in the world of cryptocurrency are positive. That is only to be expected, especially given that not all companies can succeed in this industry. A lot of people had high hopes for LitePay, a company designed to bring Litecoin payments to the masses. Unfortunately, it seems the company has gone bust and the venture will be sold. Curtain Call for LitePay Not too long ago, people were still genuinely excited about the concept of LitePay. Although the company seemingly had a winning business model, we never got to see the full potential of this venture. The company intended to

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Litecoin Foundation Apologizes for Not Doing Enough Due Diligence on Litepay

Litecoin Foundation Apologizes for Not Doing Enough Due Diligence on LitepayFailure of a project is a natural and common thing when investing in startup ventures, especially when it comes to cutting edge technologies such as cryptocurrency applications. Doing due diligence won’t prevent failed investments made in good faith, but it can make sure to weed out projects that will raise obvious red flags if vetted […]

The post Litecoin Foundation Apologizes for Not Doing Enough Due Diligence on Litepay appeared first on Bitcoin News.

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LitePay Postpones Litecoin Debit Card Plans Due to Issues with Card Issuer

TheMerkle Litepay LitecoinLitecoin users were quite excited regarding the imminent launch of LitePay. This new service brings LTC to more consumers and retailers, and the associated payment card would have made it easier to spend cryptocurrencies as well. Unfortunately, this new service has been put on hold indefinitely. A lot of people are disillusioned by this turn of events, which is only to be expected. LitePay Card Registration process Delayed Indefinitely Anyone who has been paying close attention to developments in the financial and cryptocurrency sectors is all too aware of ongoing payment card issues. More specifically, no company issuing payment cards has been

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LitePay May Bring a Lot More Positive Attention to Litecoin

TheMerkle Litepay LitecoinWe may very well see some major competition in the world of cryptocurrency payments very soon. If everything goes according to plan, the LitePay service will go live today. Not only will this introduce more consumers and retailers to Litecoin itself, but the LitePay Card is expected to become available as well. LitePay Launch is Imminent For those who are unaware of what LitePay is exactly, it is a service designed to accept Litecoin payments. It also works for people looking to store and spend LTC in a convenient manner. Perhaps the most impressive feature of the LitePay service is that it will also

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