Litecoin Card Will be Available Soon; US Residents First to Get It

Fibo Quantum

As a part of its partnership with the blockchain-powered global fintech platform Ternio, the Litecoin Foundation is inviting people from the US to sign-up at litecoin-card.com and get their Litecoin Card. The Litecoin Foundation announced on August 25, 2020, through its official Twitter account.

What Is Litecoin?

Litecoin is a decentralized cryptocurrency based on the blockchain infrastructure and was created by Charlie Lee. Compared to traditional blockchain protocol, it uses a hashing algorithm.

Also, it works on the Scrypt proof-of-work consensus algorithm to mine Litecoins and complete transactions.

Other innovative technologies that Litecoin uses include Lightning for making instant transactions globally and Atomic Swaps that facilitate trustless crypto trading across the cross-blockchain network.

What Is Litecoin Card?

Litecoin Card is a virtual debit card that allows users to make secure and borderless payments. One of the significant benefits of the Litecoin Card is that it empowers users to convert Litecoins or other cryptocurrencies into dollars.

Currently, it supports over 12 cryptocurrencies, including Litecoin, Ethereum, Bitcoin, and Ripple, and accepts all major credit cards.

Why to Use a Litecoin Card?

Litecoin Card can be used for transferring cryptocurrencies, making direct deposits or purchases online, and using at retailers where Google Pay, Apple Pay, Samsung Pay, or Visa is accepted.

Another amazing feature of a Litecoin Card is that it charges no fees from its users for making transfers, transactions, or deposits.

How to Get it?

The process of getting a Litecoin Card is very easy and requires signing-up for a Litecoin Card account free of cost, adding funds, passing KYC, and getting a virtual debit card.