Home / Litecoin Price Predictions / Counting Days to the Game-Changing LitePay Launch
Counting Days to the Game-Changing LitePay Launch

Counting Days to the Game-Changing LitePay Launch

flickr.com/BTC Keychain

Enjoying “finger lickin’ good” fried hen has merely flip into a complete lot less complicated for Bitcoiners—a minimum of in Canada. Yesterday, KFC Canada began offering the first of its selection “Bitcoin bucket”—a bucket of fried hen which may be purchased with bitcoins. (Source: “KFC Canada Is Accepting Bitcoin for Fried Chicken,” CoinDesk, January 12, 2018.)

With this, the fast meals massive turns into one of the first worldwide meals distributors to accept funds in a cryptocurrency.

The good news is that this initiative is barely a check out run to confirm the viability of this price method. When requested if KFC Canada could possibly be accepting Litecoin, the fast meals chain did not reject the idea and in its place gave us hope, saying they’ll be together with “one cryptocurrency at a time.”

Today, accepting Bitcoin has flip into fairly a bit less complicated for retailers. Services like “BitPay” and “BTCPay” have made Bitcoin integration and price processing very seamless.

While BitPay does not however accept one other cryptos at this stage, BTCPay added support for Litecoin just a week ago.

But to tempo up Litecoin’s mass adoption, Litecoin “hodlers” have been wishing for a BitPay equal for Litecoin.

Their prayers had been answered ultimate month after the Litecoin Foundation launched Litecoin-owned price suppliers processor, “LitePay,” was in the works.

We’re now merely days away from the launch of LitePay, which is due to be launched in February.

Here’s why it’s a game-changer for Litecoin.

For starters, it’d allow firms to accept Litecoin with out worrying about worth volatility. Payments could possibly be processed by LitePay instantaneously and settled straight with their banks.

Take bear in mind that BitPay is at current charging about $5.00 transaction prices for processing Bitcoin transactions that take ages to affirm. For the KFC Bitcoin Bucket, too, which costs about $20.00, you have got to pay a further $5.00 to BitPay as processing cost. LitePay, on the reverse, would not price a penny for transactions.

Secondly, the higher half is that Litecoin prospects will most likely be prepared to convert litecoins to and vice versa by way of their Visa-compatible LitePay enjoying playing cards, which can most likely be usable the least bit ATMs or firms that help Visa funds.

Finally, LitePay would allow prospects to retailer and use their litecoins from a single, secure cell or desktop utility. So not solely will new prospects bypass the hassle of searching for the biggest wallets and concern about their safety, nevertheless the LitePay pockets would moreover ship everyone collectively in one place, creating one massive ecosystem.

In fast, LitePay would most likely add a nitrous oxide increase to Litecoin’s public adoption value in the coming days.

Analyst Take

We’re great captivated with the launch of LitePay in February, which might ship us one step nearer to seeing Litecoin flip into the go-to digital medium of change ahead of Bitcoin. Our Litecoin worth prediction for 2018 stays bullish with an LTC worth objective of $400.00.

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