Charlie Lee instructed Cointelegraph that is their second try on the endeavour because the earlier one failed: “We beforehand labored with LitePay on a debit card however that failed when LitePay went out of enterprise.”
Lee additionally drew a distinction between this Litecoin-native debit card and different crypto cards that support the currency:
“There are different crypto debit playing cards obtainable at the moment that assist Litecoin, however they solely assist funding with LTC. This card is natively LTC, so funds are stored in LTC till you swipe the cardboard.”
Although Litecoiners can already join the cardboard, the service itself won’t be made obtainable for an additional few weeks. On a lighter be aware, Lee famous his opinion that there isn’t any such factor as a “Litecoin maximalist”:
“I do not suppose that even exists. Most Litecoiners assist and maintain BTC additionally.”
Customers will be capable of make deposits in twelve of the most well-liked crypto currencies, together with all main stablecoins. In accordance with Lee, roughly 300 customers have signed up to this point. In the meantime Litecoin has constantly stayed amongst high ten cash by market capitalization and has one of many largest followings on social media.