For those who love Crypto, Litecoin Foundation teamed up with Hub @hubtoken for the LiteningSeries on Tuesday Aug 11th at 10am PDT and they made an exciting reveal exclusively during the event and they networked with crypto executives and Litecoinfam members.
The Litecoin Foundation share the mission of advancing Litecoin for the good of the society by developing and promoting a state of art blockchain technology. They firmly believe that when it comes to money you deserve 100%. They believe in 100% access to money, in 100% control to use the money the way they want, and 100% in that everyone deserve a better payment option.
Litecoin Foundation tweeted: “Today on the #LiteningSeries livestream, we also announced the Ballet Litecoin Block in collaboration with @balletcrypto and @ltcpool. This is a .999 fine silver card with a full Litecoin block reward of 12.5+ LTC. These are sold for 18 LTC at http://ltcblock.com.”
During the Litening Series Livestream, they announced the Litecoin Card collaboration with Terniotoken. It is possible for LTC holders to store their Litecoin on this card and convert to fiat once they make a purchase.
Users will be able to sign up and make the purchase in minutes.
Sydney Ifergan, the crypto expert tweeted: “Litecoin Card’s virtual debit card is the only platform that allows you to actually stay in Litecoin!Yes I agree. “
The Litecoin Card Works in a fairly simple manner. Users can deposit their favorite cryptocurrency to fund their account, in the account balance users will be able to see that the cryptocurrency is converted to LTC. The value stays in Litecoin and represents the user’s purchasing power. The LTC is further sold and converted to fiat to cover item amount from the Merchant.
Litecoin (LTC) BlockCard Account and Deposits
Users will be able to Deposit Bitcoin, Ethereum, Ripple, Litecoin and other cryptocurrencies to eventually convert them to dollars to use them in the Blockcard account. It is possible to use this card anywhere they accept Apple Pay, Google Pay, or Samsung Pay.
Litecoin Card is considered powerful because it facilitates the power to spend the value of your cryptocurrency in your pocket. Litecoin Card makes it possible to enjoy the real world utility for the crypto in places where major credit cards are accepted. It is also possible for users to seamlessly deposit cryptocurrency which is converted to dollars on the fly when they spend.
At present, the process supports 12 cryptocurrencies like Basic Attention Token (BAT), Bitcoin (BTC), Bitcoin Cash (BCH), Dai, Ethereum, Litecoin, Paxos Standard, Stellar Lumen (XLM), Ternio, Tether (USDT), TrueUSD, USD coin, and Ripple XRP.