The first Litecoin (LTC) native Visa debit card is being launched by BlockCard
According to Charlie Lee, Litecoin founder, they are currently working with BlockCard to launch the first Litecoin native Visa debit card.
Will the attempt to issue a second Litecoin Visa debit card be successful?
Lee shares this is their second attempt at a failed previous attempt:
“We previously worked with LitePay on a debit card but that failed when LitePay went out of business.”
Lee also differentiated between this Litecoin native debit card and other crypto tokens that support the currency:
“There are other crypto debit cards available today that support Litecoin, but they only support funding with LTC. This card is natively LTC, so funds are kept in LTC until you swipe the card. ”
Although Litecoiners will be able to apply for the card, the service itself will not be available for a few more weeks. On a smaller note, Lee notes in his opinion that there is no such thing as a “Litecoin maximalist”:
“I don’t think that even exists. Most Litecoiners support and hold BTC also. ”
Users will be able to deposit in twelve of the most popular cryptocurrencies, including all major stablecoins. According to Lee, about 300 users have signed up so far. Meanwhile, Litecoin consistently ranks among the top 10 coins by market cap and has one of the largest following on social media.
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