Litecoin (LTC/USD) price dipped after the announcement that the LitePay’s debit card launch has been postponed indefinitely, CCN reported.
Recipients on the LitePay mailing list have received a message, stating that the intended launch of the service is ‘imprudent’:
“Due to recent hostile actions by card issuers towards crypto companies, we have decided that offering LitePay card registrations at this time is imprudent. We will continue to monitor the situation with regards to card services and will open registration as soon as a reliable product can be supported.”
Litecoin has lost 2.59% over the past 24 hours to reach $215, according to CoinMarketCap.com.
Litecoin announced the launching of its exclusive transaction processor - LitePay earlier this month. It promised much quicker transaction times compared to Bitcoin and significantly cheaper fees.