The Litecoin Foundation announced LitePay a few days before Christmas but it's expected to launch this sometime this week.

What is Litepay?

Litepay takes Litcoin out of the cyber realm and places it squarely in real life by allowing other businesses to accept payment in Litecoin from anywhere.

Transactions will be very fast and allow UK-based customers to pay for products and services in dollars with no transaction fees/charges.

A Litecoin wallet will also become available for all major mobile and desktop browsers and instant withdrawals from VISA compatible ATMs and spend with any VISA merchant will be possible.

"Payments would be processed by LitePay instantaneously and settled directly with their banks. Take note that BitPay is currently charging about $5.00 transaction fees for processing Bitcoin transactions that take ages to confirm." -Palwasha Saaim