Crypto.com, the payment platform and cryptocurrency formerly known as Monaco, has announced the addition of Litecoin (LTC) to its cryptocurrency application, the MCO Wallet App. Litecoin becomes the fifth virtual currency available on the MCO cryptocurrency platform, also linked to its Visa MCO card.
Variety of virtual currencies and increase in the use of LTC
The introduction of Litecoin is added to the original currencies of the platform which are Ethereum (ETH), Bitcoin (BTC), Binance Coin (BNB) and MCO from Crypto.com.
Users of the MCO Wallet app have adopted it for trading and tracking these currencies. According to Crypto.com, Litecoin has been added to the basket as an alternative that expands user options, brings variety and extends the use case of the platform.
In the official announcement of the new addition, Kris Marszalek, co-author of Crypto.com The founder and CEO stated:
"With the inclusion of Litecoin in the MCO Wallet app, we are deepening both the functionality of the app for users and the transformation into an intuitive cryptocurrency exchange platform.We can not wait to continuously and regularly expand the variety of cryptocurrencies available to users of our platform. Our support to Litecoin marks an essential step in this process, while we strive to broaden the audience of cryptocurrency investors and investors. "
The addition is also celebrated by Litecoin, which sees the partnership as a & # 39; opportunities to launch a wider network for cryptocurrency users.
Crypto.com's Visa and Metal Cards are additional points of contact for people who adopt Litecoin as a means of day-to-day transactions.
The announcement of Crypto.com also cites Charlie Lee, the creator of Litecoin who said:
"Litecoin Foundation and Crypto.com share a common vision to accelerate the development and adoption of the cryptocurrency While Litecoin is moving towards a widespread acceptance as a currency for an increasing number of traders, I am excited to see added Litecoin support to the MCO Wallet app and to the MCO Visa Card. now to carry on the mission of expanding the use of cryptocurrency together with Crypto.com helping more users to buy and spend Litecoin in their daily lives. "
BUILDING ON THE NEW BRAND
Despite being mired in controversies revolving around product revisions and premature partnership announcements in the past, Crypto.com appears to be developing its new brand and identity.
It is also something that could symbolize.
The adoption of a new name and brand that has a clearer connection with the cryptocurrency space, the addition of new currencies and the new currency quotation . ultimately the opening of options for current and potential users could indicate a new chapter for Crypto.com.
Is the addition of Litecoin sufficient to add more value to the MCO Wallet app and to the MCO Carta Visa? Are there any other currencies that should be added to this platform? Please share your comments below.
Image courtesy of Crypto.com, Shutterstock