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The first Litecoin native Visa debit card (LTC) was launched by BlockCard.
Charlie Lee told Cointelegraph that this is their second attempt as the previous one failed: “We previously worked with LitePay on a debit card, but it failed when LitePay went out of business.”
Lee also made a distinction between this Litecoin-native debit card and other crypto cards that support the currency:
“There are other crypto debit cards available today that support Litecoin, but only support financing with LTC. This card is natively LTC, so funds are held in LTC until you swipe the card. “
Although Litecoiners may already sign up for the card, the service itself will not be available for another few weeks. On a lighter note, Lee noted his opinion that there is no such thing as a “Litecoin maximalist”:
“I don’t even think it exists. Most Litecoiners also support and hold BTC “.
Users will be able to make deposits in twelve of the most popular crypto currencies, including all major stablecoins. According to Lee, about 300 users have registered so far. Meanwhile Litecoin has consistently remained in the top ten coins by market cap and has one of the largest following on social media.
