Litecoin (LTC) is once again proving to be the best cryptocurrency to buy yourself a cup of coffee. The blockchain also plans to release Litepay, an instant payment feature that offers a very low TX fee, usually below 1% of the transaction and is secure. Aliant Payment Systems (APS), an international merchant service, recently agreed on a partnership with Litecoin. Aliant carries out over 15.5 billion transactions annually and this recent partnership with Litecoin org., may well push the coin past the $1000-mark. As more corporations continue to accept the blockchain, such as JP Morgan’s new technology does, then the field only looks to get stronger, especially for Litecoin.
“We expect Litecoin to emerge as a prominent everyday payment option.”Eric Brown, APS CEO.
Litecoin (LTC) is a decentralized and secure platform that creates a peer-to-peer network that enables costless, instant and secure transaction. The platform runs on LTC coins to enable peer-to-peer transactions that are cheaper and faster than the Bitcoin (BTC). The Bitcoin-forked coin ensures faster transaction times than Bitcoin and has been a preferred coin to merchants due to its low transaction fees.
Since Charlie Lee, the creator of Litecoin, announced on his Reddit page that he had sold and donated all his LTC in December 2017, the price of one coin has remained relatively stable till February 6th. On this day, the coin experienced a massive 60% drop in price from highs of $318 to a year-to-date low of $109.
However, the coin saw its price soar on Valentine day by a staggering 34% to close the day above the $300-mark marking a huge victory for the coin. The coin currently trades at $215, a 5% drop since Charlie’s coin sale. This ensures the coin is ranked 5th in market capitalization on Coinmarketcap, with a massive market cap of $12,138,355,267 as of press date.
Last week on Tuesday, Aliant Payments System Inc. (APS) CEO, Eric Brown announced its partnership with Litecoin (LTC) that will see merchants on the APS platform accept LTC as payment for their goods and services. With a total of over $560billion in transactions made by the merchant company annually, Litecoin will see an increase in the number of holders of the coin pushing the price of one coin to well above $500 in the coming months and possibly cross the $1000-mark before the end of 2018.
The online merchant platform will offer its users the option to pay for any transactions carried out with merchants that accept Litecoin.
“Our merchants look to us for innovative ways to transfer money safely, securely, and cost-effectively. Cryptocurrency allows us to move money in all of these ways, while also offering consumers more payment options,” said Aliant CEO Eric Brown. “We expect Litecoin to emerge as a prominent everyday payment option.”
The company has listed a number of merchants who have partnered with Litecoin. This new partnership with APS Inc. is one of the largest partnerships with Aliant Payment System
“Any fork of Litecoin, calling itself Litecoin something or other, is a scam [in my opinion]. Litecoin Cash, Litecoin Plus, Litecoin *… all scams trying to confuse users into thinking they are Litecoin.” – Charlie Lee, creator of Litecoin
The news will look to bolster confidence of investor in the coin as this comes as positive news to the coin that is currently facing the fork.
However, the recent calls for a fork amongst some quarters of the Litecoin community may affect the price of the coin. LTC creator has however dismissed these rumors labeling them a ‘scam’ on his Twitter post.
“Any fork of Litecoin, calling itself Litecoin something or other, is a scam [in my opinion]. Litecoin Cash, Litecoin Plus, Litecoin… all scams trying to confuse users into thinking they are Litecoin.” The tweet read. “This also applies to all Bitcoin forks trying to confuse.”
In the world of cryptocurrencies, tomorrow’s price cannot be predicted due to the volatility associated with this class of assets. One thing that makes Litecoin (LTC) stand out is its open source development network that reduces the probability of failure of its working products which are constantly improving and updating.
The 1000-mark prediction is however by no means an exaggeration given that the blockchain company will also launch Litepay, a global payment service, later this year. This will see the company dwell into offering merchant services that allows its customers access to a fast, reliable and cheap payment system. LTC To the moon!