Litecoin (LTC) Litepay tool will transform cryptos for good!
Whatever is simmering with Litecoin (LTC) is probably what the cryptocurrency market has been waiting for all along, for it to move to the next level. A few weeks ago, there were rumors that Facebook could be integrating Litecoin (LTC) to their systems. Now it is emerging that the Litecoin foundation is in the final stages of releasing a new advanced payment tool known as Litepay. Once this comes out, you can bet that the crypto market will never be the same again. Just like no one remembers how we lived before Google, no one will remember how the crypto market was before Litepay. Why is this so revolutionary?
Well for starters, it will kill the volatility that has plagued the cryptocurrency market since inception. Volatility is the main reason why cryptocurrencies are yet to be adopted in the business world. No one wants to accept a currency that can gain or lose 50% of its value overnight. For crying out loud, even an online gaming company refused crypto payments for this reason! But this is about to change.
Once Litepay comes up, you can rest assured that volatility will disappear from the market. That’s because people will be able to instantly cash their cryptos for fiat through a debit/credit card, or use Litecoin to pay for goods and services. This will instantly kill the need for to hold cryptos for speculative purposes. In short, cryptocurrency will get some aspect of mass utility that they never really had. Now that’s huge!
But that’s not all. Litepay could drastically alter how people send and receive money forever. As currently constituted, international finance is quite expensive and extremely slow. Credit cards charge up to 3% per transaction while wire transfers are even more expensive and slow. Litepay intends to slash these costs to a low of 1%. By doing this, there is a good chance that Litecoin (LTC) will become the default payment system for all international payments in coming days. Litecoin could be the Amazon of money transfer services all across the world.
Then there is the strong possibility that Litecoin could easily kill many cryptos in the market right now. Why? Well look at this way. There are over 1000 cryptos in the market right now, all promising the same thing: Speed, ease of use, low transaction speeds and what not.
However, I am yet to hear of any of them get adopted for day-to-day use like buying coffee. Even the BitPay card that has tried going into this direction has been rendered ineffective by bitcoin’s high transaction costs. That’s why Litepay could easily monopolize the crypto payments market and render everything else in the market useless. Think of it like the way a company like Amazon has come to monopolize online retail even after many other internet companies that started in the dot-com era died.
Whichever way you look at it, Litecoin (LTC) is definitely the coin to watch. There is so much going for it that one just can’t help but feel that it is about to explode in value. Stocking up on Litecoin (LTC) right now would be a good idea!
I have high hopes for LitePay but this article isn’t grounded enough to reinforce them.