US Litecoin Visa Cards to Stop Its Services From May 1, 2023

The Litecoin Foundation has announced that it will stop issuing Litecoin Visa cards in the US due to restrictions from banking partner Metropolitan Commercial Bank. The bank has decided to restrict its support for businesses involved with digital currencies, causing Unbanked HQ, which provides the cards, to transition away from MC Bank NY. The BlockCard Visa Prepaid Card will stop working from May 1, 2023, but the announcement does not affect Unbanked's prepaid Mastercard, which is available for UK and EU customers. Despite the news, Litecoin's market value has not seen a significant drop, with LTC trading at $101.53 at the time of writing.

(By David Cox)

Litecoin $81.18

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