Litecoin Owners Just Got New Wallet on Telegram!

Litecoin on back side two dollar banknote. This is souvenir coin that represents real litecoin. Litecoin (LTC) is a peer-to-peer cryptocurrency and open source software project. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority. The coin was inspired by, and in technical details is nearly identical to, Bitcoin (BTC).

In a tweet on Thursday, Charlie Lee, the creator of Litecoin, the 7th largest cryptocurrency by market capitalization, spread the word about a new service that lets users make litecoin transactions to each other via the popular messaging app Telegram.

LIONBIT

Lee pointed out that “a bear market is the best time for people to work on adoption,” and praised the team at the startup Zulu Republic for their work.

Based in Zug, Switzerland – known as Europe’s “Crypto Valley” – Zulu Republic wrote in a blog post that they built the new Telegram-based Litecoin wallet to help realize the “founding ideals of the cryptocurrency revolution.”

The service, dubbed Lite.im, is built as a Telegram bot that users can send commands to, for example to see their balance, reveal their address to receive a payment, or sending litecoin to a litecoin address or an email address.

TIP

Originally designed to be “the silver to bitcoin’s gold” Charlie Lee’s vision for litecoin has always been to turn it into people’s preferred cryptocurrency for everyday payments with smaller transactions. As one of the earliest cryptocurrencies to be created, litecoin has also benefited from strong brand recognition and an active community for several years.

Earlier this month, Mati Greenspan, senior market analyst at the social trading platform eToro, wrote in a report that litecoin could be trading at a “massive discount to what it should be worth,” given the various initiatives on real-world adoption of the cryptocurrency.


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

Source
Author: Fredrik Vold
Image Credit: iStock/tomch


Don’t forget to join our Telegram channel for Crypto, Business & Technology news delivered to you daily.

Facebook Comments