Crypto Weekly Roundup, Litecoin, Puerto Rico & Wyoming Pushing Cryp...

Pushing Crypto Forward

What a week huh? From everyone shitting their pants to a complete reversal with lots of good news! Let's dig into some of that news incase you missed it.

Litepay

Gif created by @rt395

Litecoin's Litepay may be launched this week! Litepay is a payment processor that uses Litecoin with a litepay debit card for use at business or atms!

The service provides value to two fundamentally different kinds of clientele for two different reasons. Firstly, it gives merchants an added incentive to begin accepting Litecoin because the payment processor assumes the risk of accepting the crypto — protecting merchants from market volatility. Secondly, it gives Litecoin holders more liquidity in the short-term with their debit cards.

Arise chickun!

https://bitsonline.com/litecoins-payment-processor/

Puertopia

Puerto Rico Hoooo!! News is crypto multimillionaires arelooking to make Puerto Rico their new Cryptopia. This is actually pretty incredible. They are looking to buy enough property to incorporate their own town that would use crypto as the currency and by the looks of it it's going to happen.

They want to build a crypto utopia, a new city where the money is virtual and the contracts are all public, to show the rest of the world what a crypto future could look like. Blockchain, a digital ledger that forms the basis of virtual currencies, has the potential to reinvent society — and the Puertopians want to prove it.

https://www.nytimes.com/2018/02/02/technology/cryptocurrency-puerto-rico.html

Wyoming Joining The Wild Crypto West

Source

Wyoming, another crypto friendly state like Nevada, is looking to exempt certain tokens from "securities and money transmission laws". This follows Nevada's lead last year in which they did a similar thing here.

“We view non-securities blockchain tokens as a new asset class that is neither money nor securities, and therefore believe existing money transmitter and securities regulations should not apply.

https://www.trustnodes.com/2018/01/30/us-state-senators-introduce-bill-exempting-tokens-securities-laws

Do not let them FUD you into parting with your coins! Knowledge is power! Stories like these are sprouting up everyday all over the world and crypto is only going to get bigger and more accepted as time goes on. If you hodl you will be free!

Thanks for reading!