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A lot of things are changing in the world of cryptocurrency as we speak. Although most people tend to overlook Litecoin in this regard, it may become a far more popular cryptocurrency in the near future. With various companies paying close attention to LTC and integrating it into debit card solutions, things will be getting pretty interesting moving forward.
The Future of Litecoin LooksĀ Bright
Ever since Charlie Lee decided to sell off his Litecoin holdings late last year, most people were concerned that the future of LTC was in jeopardy. After all, if the lead developer suddenly decides to sell all of his holdings in quick succession when the price rises, there is a good chance we wonāt see any further improvements. That is not the case as far as Litecoin is concerned, though, as Charlie Lee remains committed to this altcoin.
Even so, it seems there are a lot of companies which are paying attention to Litecoin as of right now. Even though most of these firms provide access to Bitcoin and Ethereum as well, there is something about LTC which entices them. There is still a huge gap when it comes to using Litecoin as a payment method for goods and services, although it remains unclear why that is the case. WhenĀ the Litepay venture fellĀ apart earlier this year, things were not looking all that great.
There is still plenty to look forward to as a Litecoin holder, though. It seems a lot of companies are flocking to Litecoin all of a sudden, mainly because of its faster and cheaper transactions. A recent $99 million Litecoin transaction was completed forĀ a fee of just $0.40, which is very different from what most people are currently familiar with. Other currencies can achieve similar numbersĀ in the long run, although it is evident such transactions are rather rare in the cryptocurrency world.
Thankfully, weāre seeing Litecoin making inroads as a payment method all over the world. Alza, a Czech store, hasĀ adopted LTC as a payment option. This is a pretty big development, considering that Alza is one of the largest retail shops in the country. Although it remains to be seen if Litecoin adoption will surge due toĀ this development, it is evident thatĀ interest in this alternative cryptocurrency is risingĀ as we speak.
The biggest recent announcement, though, may be that Wirex is enabling support for Litecoin as well. Considering thatĀ Wirex is one of the few companies still offering cryptocurrency debit cards as of right now, announcingĀ support for Litecoin is a pretty interesting turn of events. Even so, companies such as this one will need to keep an eye on the cryptocurrency markets and enable support for additional currencies moving forward.
It is good to see more currencies gaining traction in this regard. There is a lot more to cryptocurrency than just Bitcoin, Ethereum, or even XRP. Litecoin has been around for quite some time now, and it will get some major technical upgradesĀ such as its own Lightning Network, among other things. With the aforementionedĀ companies now on board with Litecoin, it will be interesting to see how Charlie Leeās creationĀ evolvesĀ in the near future.
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