Łitepay, supposedly is this payment processor that removes the volatility from sellers and gives convenience to buyers to spend their litecoin.
So what happened? The CEO, Kenneth Asare, was here on this subreddit, to help us understand what went wrong, he managed to answer 8 questions during the entire AMA, it was 10 hours ago from the time of this post. Every answer was generic fluff, giving no details on the things that matter.
"How many merchants have signed up?" "Why the lack of transparency, specially in a speculative market?" "How big is the team?" Are there any tools for developers? "Website looks like a scam, no actual links, registered at a virtual office, convince me this is real?" "Why wait until the last day to tell us it's not happening?" This list goes on…
All very crucial and fair questions, unanswered.
I am sorry, I will be okay with litepay not being a real thing, but I am afraid this is just poisoning the landscape even more. I don't want this to be treated like a pitchfork, but we have questions and we want them answered, it doesn't take a lot of effort to do that. For a company that wants to be tomorrow's payment processor, this is just extremely sloppy.
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