LitePay Failed Launch Day

According to the email received by the followers, situationis caused by "hostile actions" of plastic card issuers
27 February 2018   1075

The long-awaited launch of LitePay payment service did not take place on the appointed day because of the "hostile actions" of plastic card issuers. This is reported by Market Mogul.

Due to hostile actions by card issuers towards crypto companies, we have decided that offering LitePay card registrations at this time is imprudent.
 

LitePay Email Sent to Followers

The fact that the launch of LitePay should be held on February 26, it became known two weeks ago.

It is expected that the service will become an analogue of Bitpay for Litecoin and allow retail outlets to accept payment in the cryptocurrency, and for users will issue a card with which they can pay for purchases in the real world and even withdraw cash.

Litecoin negatively reacted to this news and fell by 2% in the last 24 hours, while the majority of large crypto-currencies show moderate growth.

LTC Price
LTC Price Chart

At the moment of press, these are main market parameters of LTC:

  • Market Cap $12 094 416 450
  • Average Price $218,31
  • 24h Volume $1 064 740 000

Lite.IM Beta to be Released

Lite.IM will allow users to interact with Litecoin blockchain using text commands through a special API-system
09 August 2018   513

Developers of the Zulu Republic blockchain project presented Lite.IM software that allows users to make transactions in the Litecoin network using SMS messages and the Telegram messenger.

Zulu Republic is convinced that Telegram is the safest messenger and provides all the necessary opportunities for testing the concept before launching SMS payments.

Representatives of the project emphasize that a lot of people live in countries with limited access to the Internet, under conditions of strict censorship by political regimes, without access to financial services. In addition, 64% of the world's population owns mobile phones, but only 33% have smartphones. This is the reason why Zulu Republic is convinced of the need to link SMS messages and Litecoin blockchain, not relying on the availability of the Internet.

By opening the world of cryptocurrency to these underserved and vulnerable populations, we aim to provide a degree of financial agency, autonomy, and (perhaps most importantly) security that they’ve been denied up until now.
 

Zulu Republic

Lite.IM will allow users to interact with Litecoin blockchain using text commands through a special API-system. At the moment the community already has the opportunity to use Telegram-bot to check balances and send Litecoin to LTC-addresses or e-mail. The solution is written on JavaScript. More info is available at GitHub.

The creator of "digital silver" Charlie Lee is convinced that the bear market allows us to focus on developing solutions for mass adoption of technology.