Why Litecoin's Price Shot Up 30%, Far More Than Bitcoin, Ethereum

Litecoin led the cryptocurrency rally Wednesday, vaulting more than 30% as anticipation builds for the launch of payment processor LitePay and an upcoming fork of its Blockchain.

LitePay will allow businesses to accept Litecoin payments from customers anywhere in the world. It also will let users "load your card with dollars using any Litecoin wallet" and "spend dollars anywhere debit cards are accepted, or withdraw cash from any compatible ATM," according to the LitePay website.

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