Lite pay was suppose to represent a easy way to make transaction anywhere just like bitcoin is accepted almost everywhere. This project was suppose to have LitePay Debit Cards similar to those MasterCard and Visa but since hard regulation and concern of money laundering is becoming big news now it becoming difficult to launch this amazing project.
What happen to Litepay?
Lets star off looking at the Litecoin in the charts Litecoin has been in a downtrend just like BTC and other alt coin behind it. Its not a surprise since the whole market has been down for a while and also it shouldn't be a surprise seeing this downtrend of litecoin knowing that Litepay announced reschedule there launch date twice. Originally it first round was suppose to release end of February, then reschedule for March but then everybody that register for Litepay pre-registration receive and email by the Litecoin development team saying that LitePay was delayed for Indefinitely .
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My Opinion on Litepay and its future
Litepay is a great project to help out the crypto community gain acceptance ,but the again this will take this. This won't happen in the first shot, not sure how long this could take but by the end of the year I do see Litepay or maybe a new type a payment info for Litecon being introduced and being accepted. It just about the when this will happen and when its the right time. We have all seen the crypto market take a dip the past month and this month but I explain why this was happen a few blogs ago.
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