Litecoin to be Main Payment Coin Soon ?
Due to Bitcoin and ETH problems with scaling and frozen networks it looks like LTC may be the main coin taking advantage of micropayments online.
Since Bitpay processor didnt want to add LTC, they have created Lietepay that will launch soon - https://www.litepay.us/
Today CheapAir decided to add LTC as a payment option which is a pretty huge info.
Markets
Interesting to see that its mostly Chinese exchanges with max volumes. The only USA one is Bitfinex but if you dont deposit 10k USD there worth of crypto you cant use it currently. The easiest spot to make an account from those is Binance since it needs no ID.
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The problem that I see is that any coin that becomes the main utility coin will soon suffer the same fate as BTC. Over used and under powered.
I saw this coming and I think it is well deserved. Transfers with litecoin are fast and relatively cheap making it the best crypto for online payments.
Wish I bought a load of litecoin back in the beginning of 2017 would be sitting pretty now... I do think 2018 will be a good year for lite coin..
I wish i bought a load of ltc 2 weeks ago and cashed it out now, but my real world money got delayed, and now it's a bit too late to buy :/
I don't think it is not too late to buy LTC. I would think it will still outpace ETH & BTC in price growth for 2018 like what it did last year. Also it is becoming more useful as this article shows
This is such a great news. Litecoin is the next best thing to happen to crpto @kingscrown
I wouldn't get too excited about it, it's only a mild improvement on BTC technologically speaking. STEEM and EOS technology is able to send free 3 second transactions which is better than LTC will ever be able to do
you don't actually see it as an improvement on BTC right????
Just a small improvement in terms of tech and scalability
Bitcoin Cash (Z-conf transactions) would work even better, but I suppose would be a lot more controversial so far. Litecoin devs have also gotten a lot closer with Bitcoin LS (BTC) devs and community over the years and that popular and financial support certainly plays in as well when trying to establish stable business channels.
Coinbase and Bitpay payment integrations do make things a whole lot easier across the spectrum though. Dash also has some major things brewing.
So while this obviously is good for Litecoin holders and users, I'm not really jumping up and down thinking I'll use Litecoin for payments in the future.
It's amazing though how well "meme-coins" such as Litecoin, Dogecoin, etc and smart contract platforms utility tokens like Ethereum have done in terms of transactions volume and price. Those same coins could all have been created and run in synergy with Bitcoin and even used as a complement to scaling the main chain, but because of developer decisions were never implemented that way.
Instead we now have them as independent chains, some of which are of course mere jokes and some of which are more serious. This works, but leads to lower chain security and probably some unnecessary need for 3rd parties when transferring cross different chains.
That's because Litecoin doesn't even scratch the scale of Bitcoin. To get Litecoin, you first need bitcoin, and that bitcoin needs to be transferred to your wallet.
Ofcourse litecoin beats bitcoin, because nobody uses it except investors who swap from wallet to wallet.
As a whole if we look at it then it is a bad news for bitcoin holders because this way it can again stop the growth of bitcoin but for LTC definitely it is a big news.
I am curious does it has anything related to the move of Char Lee when he sold all his stake of LTC?
agree bre
LTC is too slow to be payment coin. If you pay through Litpay you are actually paying with fiat, not with LTC. With LN is instant but BTC is instant also with LN.
The difference that is positive for Litecoin is that it still happens on blockchain infrastructure. With LN there is (per current design at least) always the risk that a hub you rely on shuts down either for a short but important time period or for good. You also have to run your own node and lock up money to be able to even receive a payment.
Agree but LN technology is at early phase. At moment on chain transactions are easier and more secure but I think in future will be different...
to be honest the only options here in terms of speed long term are Ripple, Stellar and EOS. I'd say NANO (raiblocks) but clearly having some major issues with scaling. its not the year for LTC it will be the year of the LUMEN!
Centralized coins like XRP or XLM will never be adopted from real crypto community who fight against centralization. One company own 60% of XRP coins... EOS goal is not to be payment option...
cannot wait :)
I'm a huge litecoin fan I hope it becomes !
I don't
Explain dumbass.
Me too!
Either LTC or DASH will be the main crypto for everyday use! My money's on DASH though..
MAy be Steem will be...
Wow litecoin is really starting to come into its own. This could well be it’s year.
Binance is my favorite exchange to use for altcoins. I also have noticed that
LTC is being accept as payment at a lot of different places.
I agree with you about Binance. Can you share some of the other places that you seen accept LTC for payment?
Litecoin is seriously on the roll. I love it!