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Litecoin Rises 35% After LitePay Launch Announcement

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BITFINEX:LTCUSD   Litecoin
Litecoin's price has risen more than 25% in the last 24 hours in response to the announcement that the LitePay payment processor would be released.

The high made the criptomoeda back to the level of $ 200, price that was not seen since January 21.

Litecoin now again ranks fifth in the market value ranking with $ 11.2 billion.

Although Litecoin is still trading well below its maximum dollar value, the LTC / BTC pair is trading at .022 BTC, its highest since July 2015.

LitePay Release
LitePay is a payment processing company on the BitPay models and is scheduled to be released on February 26. The company made the announcement on Twitter on Monday.

According to the San Francisco company website, LitePay will offer many of the same features as BitPay. Most notably, it will give companies the ability to accept LTC payments that are settled in fiat currency. In addition, it will issue Litecoin debit cards, which users can recharge with LTC and use at virtually any retailer.

According to the San Francisco company website, LitePay will offer many of the same features as BitPay. Most notably, it will give companies the ability to accept LTC payments that are settled in fiat currency. In addition, it will issue Litecoin debit cards, which users can recharge with LTC and use at virtually any retailer.
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