Charlie Lee advised 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 out there at present that help Litecoin, however they solely help funding with LTC. This card is natively LTC, so funds are saved in LTC till you swipe the cardboard.”
Although Litecoiners can already join the cardboard, the service itself is not going to be made out there for an additional few weeks. On a lighter be aware, Lee famous his opinion that there is no such thing as a such factor as a “Litecoin maximalist”:
“I do not assume that even exists. Most Litecoiners help and maintain BTC additionally.”
Customers will have the ability to make deposits in twelve of the most well-liked crypto currencies, together with all main stablecoins. Based on Lee, roughly 300 customers have signed up thus far. In the meantime Litecoin has constantly stayed amongst high ten cash by market capitalization and has one of many greatest followings on social media.