Litepay is on track to be released on February 26, creator of Litecoin Charlie Lee said on Twitter.
It has been called a “game-changer for Litecoin” by Palwasha Saaim, a Research Analyst at Lombardi Financial. She said: “It would allow businesses to accept Litecoin without worrying about price volatility.”
Retailers do not have to worry about price volatility because the payment can be converted into dollars immediately.
When businesses accept the cryptocurrency at a given price at a given time, they will be paid that final value - they do not have to be concerned about any price changes.
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