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Bitcoin debit card provider Wirex announces Litecoin integration
Bitcoin debit card provider Wirex has announced that it has added support for Litecoin, enabling users to spend the digital currency using the Wirex payment card.
Currently, the seventh most valuable cryptocurrency by market cap, Litecoin is faster than bitcoin and has lower blockchain fees. Wirex believes the digital currency has the potential to become a global payment option available on dozens of big brand websites over the coming months.
“Wirex keeps growing as a platform, and it's natural for us to add new services and currencies. Litecoin has huge potential and a big community, so there is a lot of demand for this service on the market”, - says Pavel Matveev, Wirex CEO.
The new Wirex LTC wallet allows customers to buy Litecoin via bank transfer, debit card, or credit card. Users will also be able to deposit dozens of popular altcoins and exchange them to Litecoin instantly. This facility makes it easier to cash out ICO or crypto trading profits, Wirex said.
Customers would now be able to spend Litecoin using the Wirex card by converting into a supported currency instantly; exchange Bitcoin for Litecoin or vice versa at any time; withdraw Litecoin to any other LTC wallet; and, use Litecoin as a payment option when major brands make it available.
According to the official release, the free contactless payment cards will be available for EEA customers at the beginning of May. Wirex said that it is the only provider in Europe that allows spending cash converted from Bitcoin and Litecoin via its cards.
“Bitcoin and Litecoin can be exchanged at any time to GBP, EUR, or USD and linked to a Visa card. Moreover, the currency account enables users to purchase Bitcoin and Litecoin in amounts up to £7,500 at a time,” Wirex said. “Wirex is expanding its global reach and is forging ahead with other altcoins, as well as offering Litecoin-integrated accounts and cards in Japan, South East Asia, and beyond.”