Litecoin has a promising upside as it is finding widespread usage. One of the earliest blockchain currencies next to Bitcoin, Charlie Lee wanted to position it Litecoin as Silver as Bitcoin is to Gold. He called it the Lite version of Bitcoin. The supply of LTC was increased and many times it had market moves which are directly correlated to Bitcoin. There are also times when there have been moves which were not related to Bitcoin.
Recently, on September 13, 2021, there was a fake news about Walmart the retailer accepting Litecoin as a payment method. The price of the LTC coins went up by 34% and later Walmart came out later in the day and clarified that it was not an authentic press release.
While the Walmart news was a fake one, there are several places accepting Litecoin, and it is possible for those who have LTC to use their coins at those outlets for different purposes.
Global e-commerce giant MarketAmerica owns shops.com. They have included BitPay integration to provide consumers access to millions of products at nearly 1000s of merchants. All of them are now accepting Litecoin, LTC and those who have LTC can use to it pay.
BitPay is the world’s largest provider of bitcoin and cryptocurrency payment services. Verifone is a global FinTech leader and payment solution provider to the world’s largest retail brands. BitPay’s blockchain payment technology and Verifone’s in-store and eCommerce Cloud Services platforms in the United States are making consumer cryptocurrency payments easier.
BitPay partners with Verifone bringing Litecoin payments to 46 million consumers via their point of sale systems, on Credit Card Terminals and In-App/eComm.
Crypto payments are moving to mainstream as major retailers and SMBs will be able to accept crypto and get settlement in traditional currency. The payment solutions are easy and intuitive for merchants to implement.
Litecoin fans will be able to treat themselves to vacations filled with fun activities, like parasailing which get paid for with LTC. Travala activities will help holders of LTC feel the thrill of gliding through the air in an open parachute on the beach of your choosing.
Community response: Adoption grows each day. Like Charlie used to say, the price will follow adoption. At least such adoption would provide price support, not so bad then.
Just think crypto is a base layer of a new economic system. Things will be built on top to make things faster. The base layer for our current system is paper dollars. Centralized entities make it easier for us to use. Just give it time and people will build. Innovation is amazing.