Litecoin Founder Charlie Lee Invests in Startup That ‘Makes Bitcoin Easy to Use’

Libra Coin News
Sat, 08/17/2019 - 08:28
Yuri Molchan
Charlie Lee announces his new investment in the crypto space, saying that the Casa startup is extremely important for the industry
Cover image via U.Today

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.

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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.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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