On Saturday, Charlie Lee tweeted about a startup which, as per him, is really important for the industry, even though it has been around for three years now.
The Litecoin founder compares his confidence in it with the times when he joined Coinbase back in 2013. At the end of the post, Lee adds: ‘I’m an investor in Casa’.
Casa ‘is making Bitcoin easy to use’
Casa was founded back in 2016. This is a crypto wallet that requires user’s signatures on three devices to move funds to or from a wallet. It uses a Keymaster system for storing user keys, as well as offers running a Casa Node (a BTC and a lightning node) from home.
The firm is also developing such products as the Casa Lightning Explorer and the SATS extension for Chrome and Firefox browsers.
The community’s not taking the news warmly
The reaction the Litecoin community showed in the comment thread was far from excited. Several Twitter users recalled Charlie Lee’s selling the majority of his LTC near the ATH back in 2017 as a rebuke, saying that Casa is apparently where the profit went.
A few comments came from critics of Casa, who say that this company is ‘illustrative of everything wrong in the crypto space’.
Several users wrote that they will start using Casa wallets only when the company adds support for Litecoin.