- Litecoin Foundation has announced the roll-out of its Visa debit card
- LTC will now be accepted among any merchants store that accepts Visa
- Litecoin holders are speculating whether the card is available globally or only in the US
- LTC crypto coin is trying to get back its previous all-time highs with broader acceptance and adoption
Litecoin allows its users to make low-cost, secure, borderless payments. The cryptocurrency has gained ground in consumer finance, as it has become easier to use the digital coin for everyday payments. Since its establishment, the digital currency has witnessed tremendous acceptance and usage among merchants and has counted among top-ten crypto by market capitalization for a long time. Currently, the LTC is the 14th largest crypto asset in terms of market capitalization. The growth of the project came with its increasing count of notable collaborations. Simultaneously, the project continued its significant collaboration with Visa. And now, the altcoin is accepted among all the merchants globally who accept Visa.
Litecoin can be used to make day-to-day transactions
This weekend, the Litecoin Foundation tweeted to announce the roll-out of its official Visa debit card. Indeed, users globally can now use LTC to transact on any merchant’s shop that accepts and uses Visa as their payments processor. Such merchants include retailers, online shopping, restaurants, digital services, and many others. Ultimately, any LTC holders can step out and use their coins to pay for any kind of goods and services.
According to the announcement, the official Litecoin Visa debit card will convert the crypto coin into USD in real-time. Moreover, the brains behind the project have also confirmed that there will be no transaction fees or deposit fees for using the debit card. Notably, the card will charge a monthly cost of $5 from the owners. However, the fees can also be waived off if the debit card owners spend more than $750 each month.
The announcement also underscored that Visa card users could connect their card with the Lite Wallet application.
LTC holders are speculative about the announcement
Although the LTC Foundation has announced on Sunday, its Visa has been available for almost a year in the United States. Notably, the latest announcement does not confirm whether the card will be accepted globally anywhere. Following the statement, users on social platforms are asking the Litecoin Foundation to clarify the term anywhere.
Although the Visa debit card is still available only for United States residence, if the foundation cites that the acceptance is available globally, it will indicate a universal adoption. However, there are still several speculations before confirmation for the rising altcoin.
LTC price booms with progressions
The Litecoin crypto project is undoubtedly making a lot of progress in the final quarter of 2021. The price of the LTC crypto coins is trying to get back its previous all-time highs with broader acceptance and adoption. Over the last 24-hours, the price of LTC has been up by more than 6.6%. In contrast, the LTC price has been up by more than 36% over the past seven days. At press time, the digital currency is trading near the price level of $273.