Just a Month after LitePay 'Breakup'

Just a month after LitePay's untimely collapse, Litecoin has teamed up with a well-known wallet platform and a large South Korean cryptocurrency exchange.

Despite the disappointment of LitePay's demise, TenX have announced Litecoin support in on its wallet platform while South Korea's second biggest exchange Korbit launched Litecoin trading on 18 April.

It comes as a timely boon for the cryptocurrency and the Litecoin Foundation, which had been eagerly anticipating and supporting the development of LitePay - before it ceased operations without its product being launched in March.

Charlie Lee [LTC] April 17, 2018 LitePay's demise LitePay promised to give users the ability to accept payments in Litecoin which facilitated an instantaneous conversion to fiat currency which could then be deposited to a conventional bank account in over 38 countries.

For the public, things came undone when Litepay CEO Kenneth Asare opened himself to an Ask Me Anything session on Reddit on March 17.

One user, cdm9002 labelled Asare's website a scam and challenged the LitePay CEO to 'convince' him that his project was real.

Why won't LitePay happen? For the Litecoin Foundation, alarm bells started ringing when the LitePay CEO asked for further funding for the project.

LitePay's demise not unlike DAO Litepay's demise is no less saddening than any other business that has failed to live up to expectations but a slight consolation is the fact that it doesn't seem to have been an outright scam.

What was hailed as a revolutionary fundraising project for Ethereum DApps all but ended there and then, not unlike LitePay.

Light at the end of the tunnel While LitePay floats away into the ether, TenX have thrust to the fore and could well be the next champion for Litecoin support.