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The Tell: Litecoin prices lift off as excitement grows over new payment system

Litecoin prices surged by more than 30% Wednesday as the hype around the introduction of Litepay gained momentum.

Litepay is a new payment system for Litecoin, which will allow businesses to accept Litecoin payments, and offer users the ability to “spend dollars anywhere debit cards are accepted, or withdraw cash from any compatible ATM,” according to its website. The announcement will bring the fifth biggest cryptocurrency closer to mainstream use.

We started because the people asked @Bitpay to accept LTC. They wouldn’t, so we took the challenge. Infrastructure for LTC February 26 🚀#PayWithLitecoin#LitePay

— LitePay, Inc. (@LitePayInc) February 13, 2018

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