Litecoin trying to revive its debit card business
"If at first you don’t succeed, try, try again." How many times did we hear that from our mothers when we were kids? The message stuck with the developers of cryptocurrency LiteCoin, and they are set to try again with a second attempt at issuing debit cards.
After LitePay suddenly shut down recently, it was a black eye for the altcoin. Some began questioning the coin’s legitimacy and the price took a hit. Now, the LiteCoin Foundation has teamed up with TenX to get back on the horse. Charlie Lee, Litecoin’s founder, said, “A TenX Litecoin debit card makes it easy for people to spend Litecoins, and it’s a great stepping stone towards paying with Litecoin directly.”
The inclusion of LiteCoin on TenX’s wallet apps came with virtually no fanfare. The wallet introduced it to both the Android and iOS wallet flavors because, in its words, it wanted to expose Litecoin to a small group of users so they could test for bugs. In actuality, there’s a good chance no announcement was made so that Litecoin could avoid another black eye if things didn’t go smoothly.
Litecoin currently sits in fifth place by market cap, right behind Bitcoin Cash. As of this writing, it was trading at $130.52, an increase of 7.41% in the past 24 hours. Over the past week, it has increased by 14.57%.