Litepay Launches At 9Pm This Evening - Exactly Many Are Disappointed A Fundamental Characteristic Volition Hold Out Missing...

LitePay volition launch this evening at 9pm - only amongst solely to a greater extent than or less of what was promised.  The next message went out this morning time to those who subscribed to their email listing for updates:

"Thanks for your involvement inwards LitePay! Registration for Merchant Payment Processing accounts volition opened upwards today.

Due to recent hostile actions yesteryear bill of fare issuers towards crypto companies, nosotros guide maintain decided that offering LitePay bill of fare registrations at this fourth dimension is imprudent.

We volition drib dead along to monitor the province of affairs amongst regards to bill of fare services together with volition opened upwards registration equally shortly equally a reliable production tin hold upwards supported.

If you lot are a merchant together with you lot are get to laid out registration for a LitePay Merchant Payment Processing account, delight follow the link below later on 9:00 PM Pacific Time together with click Sign up.

Thank you lot all for your back upwards equally nosotros operate to laissez passer merchants all over the globe the mightiness to select Litecoin."

LitePay was supposed to hold upwards ii things that inwards conjunction would select using Litecoin inwards the real-world a reality.  One was merchant services then businesses could select Litecoin, the other, a debit bill of fare to operate anywhere Visa works, that would allow you lot to pass Litecoin yesteryear straightaway converting the right sum to to USD, together with authorizing the transaction when swiping the card.

Now we're wondering - was at that topographic point always whatever understanding always inwards house that allowed them to implement a debit card?

Other 'spend your crypto amongst a debit card' themed projects such equally Bitwala, Cryptopay, Wirex together with TenX - all had their cards canceled together with rendered invalid.

At that fourth dimension (early January of this year) Visa issued the statement: "Our actions were non specific to cryptocurrency only rather reverberate the issuer's failure to comply amongst Visa's policies that ensure the security together with integrity of our payment system."

The inquiry that must hold upwards asked of LitePay at nowadays is - why did you lot always say it would include a card? When Visa terminated other cryptocurrency cards around ii months ago, why did (until today) your plans even then include a bill of fare for your users?

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Author: Oliver Redding
Seattle News Desk