Litecoin Up Strong Today on LitePay Payment Service News
Feb 14, 2018
The inherent volatile nature of cryptocurrencies is enough to scare off more conservative traders. Investors with the foresight to spot the wealth creation potential that existed, however, are now reaping the benefits. While the more popular Bitcoin has experienced a healthy ~7.6% gain on the day, Litecoin is the crypto stealing the show. To this point, Litecoin has gained an astounding 34.18% in today’s trading. This comes on the heels of the recent unveiling of LitePay, a service that will allow retailers to accept payments in Litecoin instantaneously. Judging by the early response to the news, it seems investors recognize the merit in the system.
This service, using a card that is compatible with Visa, offers the potential for increased legitimacy to the altcoin. If able to gain acceptance from a wide range of retailers, LitePay may become a viable way for investors to make purchases with a cryptocurrency, all with the swipe of a card.
As a burgeoning asset class, there has been hesitation amongst investors regarding the long-term viability and sustainability of cryptocurrencies. This seems to be a step in the right direction, for Litcoin at least, towards gaining a long-term foothold in the global economy.
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