Litecoin (LTC) continues to be the largest Bitcoin threat as the new merchants and vendors start coming onboard the network. The network goal is to become the market standard for making payments. By increasing its use cases, the fight for the best payment platform in the crypto market appears to have just started.
The new “PayWithLitecoin” campaign tag has been trending on social media and it is not just hype. The marketing campaign is backed by four of the ecosystem’s core pillars; the outfit has the best speeds in the market, the release of the Litecoin Core v0.16.3 has been able to fix its DoS threats, increased liquidity and transaction costs remain rock bottom.
Addition of Litecoin LTC to SFox
Litecoin has been added on the SFox platform and this has added more liquidity on the network. The inclusion of Litecoin to trade on SFox only exposes the coin to other listed assets but also forms a major gateway for institutions to invest with confidence. Institutions and other high profile traders are set to benefit from high trade execution speeds at lower costs.
Litecoin has also prepared a merchant and vendor proposition on how they can accept and make payments easily. This is a quick business proposal for those ready to make LTC as their official payment option. The PayWithLitecoin business model accommodates all businesses that are embracing cryptos and this is a major breakthrough for the coin.
To sum it up, Charlie Lee simplifies the proposition by saying:
“Litecoin will also be the easiest onramp onto the Lightning Network. BTC takes too long and fees to high? No problem. Open an LTC payment channel on chain cheaply and quickly, then atomically swap for BTC if/when you need to. This can be done in one step using submarine swaps!”
Litecoin Turns Focus to Use Cases
Through money decentralization, Litecoin is giving the investor freedom for their online wealth. The project team has gone a step ahead by adding more real world use cases on top value appeal. Soon LTC holders and new adopters will benefit from the value and spend-ability and this makes the coin stand out in the market.
By focusing on high end investors and presenting them with real world business use cases, Litecoin is poised to benefit from the large investors who command large audiences among small and middle level traders and businesses across the world. With many businesses embracing crypto more than a year ago, LTC future potential is uncapped.
Litecoin Adds SMS Payment Function
First it was BCH and now is LTC for SMS payments as CoinText adds Litecoin to its fast growing text payment portfolio. This comes at the right time when the PayWithLitecoin campaign is heating up and is poised to add value to LTC everyday use. This is a two way convenience service to the merchant and LTC user ad you can transact on he go through your smartphone.
The service is currently open to Canada and US residents and with Litecoin becoming the top adopted coin today, the demand for the service is set to go global soon and this will make the beginning of LTC value and price traction. Empowering users to spend LTC anywhere anytime is the ultimate goal for PayWithLitecoin.
With much news coming for the Litecoin (LTC) community, the LTC price has responded positively which has seen it treading for the last 24 hour session to trace at $63.67 after gaining against Bitcoin by 5.13% and an impressive 9.77% to the green buck.