Litecoin Has Given a Definitive Date for Payment System LitePay
In the statement made on LitePay’s official twitter account, the exact release date of the application has been determined. According to this news, LitePay will be available from February 26.
The application will be available on desktop and mobile devices. The system will allow you to make payments by converting your mobile device into a card. The application, which will make it possible to buy services and goods with Litecoin, can convert payments into currencies such as dollars euros and transfer them to bank accounts instantly. A commission of 1 percent is charged per transaction.
Isn’t Instant Price Volatility a Problem?
As it is known, the prices of cryptocurrencies are very volatile. Even when you go to a restaurant. There can be gaps between the value when you enter the door and the value you go to pay the bill. In everyone’s mind, how will this change be prevented? comes the question. To overcome this, LitePay quickly converts the Litecoin value to the currencies in use (tl, dollar, euro) as soon as you make a payment and pays the account in that way.