Litepay Inc to be Sold

Litepay CEO appealed to the Litecoin Foundation for additional funding, in which the organization denied him
27 March 2018   1033

CEO of the processing service LitePay Kenneth Azare suspended all operations of the company and is preparing for its sale.

It turned out that Azare appealed to the Litecoin Foundation for additional funding, in which the organization denied him because of the opaque budget allocation and questionable management of the company.

We are greatly disheartened that this saga has ended in this way and we apologize for not doing enough due diligence that could have uncovered some of these issues earlier.  We are currently working hard to tighten our due diligence practices and ensure that this does not happen again.

Litecoin was doing perfectly fine before the promise of LitePay and will continue to do so.  The ecosystem is far bigger than one company and is continually growing with support from many others with market ready products joining the space and fulfilling their promises to make it easier for the world to use Litecoin.
 

Litecoin Foudation

The launch of the processing service LitePay didn't took place on the appointed day. It was expected that LitePay will become an analog of the popular Bitcoin-processing service BitPay, but for the Litecoin.

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   484

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.