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Litecoin was never created to be an investment vehicle. It was created as a substitute digital mode of payments that could replace the slower, more expensive Bitcoin.Litecoin is steadily marching toward that goal. The impending launch of the much-awaited Litecoin merchant processor, “LitePay,” which is being supported by the Litecoin Foundation, will boost that pace. LitePay will make accepting, storing, and spending Litecoin as simple as ABC,similar payments processor, “LitePal,” created by some Litecoin enthusiasts, is also on its way.
Litecoin may eventually gain a value somewhat comparable to that of Bitcoin.
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