LitePay Failed Launch Day

According to the email received by the followers, situationis caused by "hostile actions" of plastic card issuers
27 February 2018   218

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

Cryptocurrency CFDs to be available 24/7 in Europe

European brokerage Robomarkets has made cryptocurrency-based CFDs`trading possible for its clients
20 March 2018   167

Today the list of accessible trading instruments includes popular kinds of cryptocurrency: bitcoin, bitcoin cash, dash, ethereum, ripple and litecoin. An investment company Robomarkets registered by Cyprus Securities and Exchange Commission (CYREC) has added CFDs (contracts-for-difference) for constant trading: BTC/USD, ETH/USD, BCH/UCD, DASH/USD, XRP/USD and LTC/USD. The maximum admissible leverage of these instruments is 1:5. They may be traded on such platforms as Metatrader 4, Metatrader 5, Webtrader and also on the Robomarkets`own R Trader terminals. Moreover, the clients can buy cryptocurrencies without swaps (with a leverage value of 1:1) using the R Trader platform.

Robomarkets presented the new concept to its clients and explained that in contrast with the instruments the most CFD traders are used to, cryptocurrencies can be traded 24/7 including on the weekends when fiat currency pairs, stocks and commodities are unavailable for trading operations. This factor gives the traders an opportunity to use more strategies which may take some extra time to add to the common business week.

The Robomarkets` development manager Konstantin Rashap claimed that the company keeps up with modern and cutting-edge technological solutions and would be pleased to offer its clients trading assets of new class. According to his point of view, the aim of adding cryptocurrencies to the list of 8,700 available trading instruments is not only to respond to the clients`demands, but also to improve the services`quality.

Bitcoin and ethereum trading had been firstly launched by Roboforex, the European brokerage`s international sister company in September, 2017. Besides, the Belize-licenced firm added CFDs (bitcoin cash, dash, Ripple`s XRP, litecoin) earlier this year.