The LitePay Scandal: Where is Litecoin (LTC) Now?


LitePay was supposed to bring new light to Litecoin (LTC). LitePay was not only going to offer a new crypto wallet specific for LTC, but also the LitePay debit card, which users could have used to convert Litecoin into U.S. fiat currency. Instead, ineffectual business handling and less-than-communicative responses have led LitePay to lose its support from the Litecoin Foundation and for the whole operation to be shut down.

The Litecoin Foundation released a post on Monday stating that the Foundation “was contacted by Kenneth Asare, CEO of LitePay, informing us that he has ceased all …

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