[ad_1]
Everyone in the cryptosphere wonders which banks in the world adopt cryptocurrency for internal purposes (Stellar Lumens and Ripple's XRP are prime candidates) or which cryptocurrency will be chosen by banks as a viable option for clients and investors.
In this regard, everyone thinks of Bitcoin, Ethereum and the main 7-10 most important players in general. This tendency of thinking only leads to the surface as speculators are devoid of imagination because no one is thinking outside the box. What we mean is this: why does nobody question what project of cryptocurrency will buy its bank and destroy both the financial and the cryptic world?
Well, Charlie Lee, founder of Litecoin, is thinking about this. Not just thinking. Mr. Lee used his Twitter account only a couple of days ago to announce that he is working with TokenPay to purchase a significant stake in the German WEG bank. The idea behind this move is that Litecoin gets closer to terminal users and consumers and gives them an easy and convenient way to get involved in Litecoin in real life.
I'm happy to announce it @LTCFoundation is @TokenPay entered a strategic partnership to acquire a stake in a German bank, WEG Bank AG. We plan to work on many exciting consumer-based cryptographic solutions. Stay tuned! 🚀
For more information: https://t.co/K58SpQKvEl pic.twitter.com/6agmsa7wkb
– Charlie Lee [LTC⚡] (@SatoshiLite) 10 July 2018
It's a very exciting move. He is creative, outside the box, very ambitious and very intelligent. I have stated several times that the most successful digital resources will not necessarily be those with the best technology, the biggest price increases in the short term or any of the usual parameters in which we measure the performance of a currency.
The cryptocurrencies that will bring the market will be those that will find a way to be adopted en masse by solving the problems of real life for people in real life. This is why projects like Stellar, Ripple or Tron have created so much interest in spite of the fact that they have not been around for so long, and that they have sometimes experienced downward racing.
These are projects with a purpose. Stellar and Ripple aim to conquer the international transfer market, while Tron wants to make the entire web decentralized by blockchain technology. And now, Litecoin tries to become a daily currency that you can use even without a computer or without a digital wallet. Imagine being able to apply for a Litecoin credit or debit card and purchase your cigarettes or visit Starbucks and pay it with Litecoin via your card.
This kind of development would give Litecoin (LTC) access to users without digital skills that do not include blockchain technology or the idea behind cryptocurrencies. It would connect a digital resource with ordinary people in a way that almost all current currencies are far from reaching or even imagining. Obviously, this type of market penetration would give Litecoin a significant competitive advantage.
It would create the kind of question that does not come from speculative forces but is a pure everyday use by ordinary people. End users will not need to understand any technical concept, they will see their transfer rates drastically reduced, and they will surely appreciate it.
Litecoin (LTC) is ready to hit the moon
Let's be clear: so far, the vast majority of crypto enthusiasts and investors are engineers, scientists and IT staff. If Litecon can do it, then you could have construction workers, janitors and all kinds of people who join the cryptosphere, whether they know it or understand it or not. It would be nothing short of revolutionary.
This news alone makes the present a fascinating moment to get a piece of Litecoin action, but that's not all.
Next August will increase the mining difficulty for Litecoin. The game will change. A greater difficulty in the mining sector makes it more difficult to calculate each block of the chain and therefore the production of tokens decreases. If this decrease in supply coincides with an increase in demand due to the actual applications of Litecoin, then it is all Economics 101: the price of the LTC will skyrocket.
Then, in September, there is the global summit of Litecoin. As the event is approaching over time, clamor and rumors about possible announcements will also increase its value. And who knows? There may be significant announcements at that summit, so we should all pay close attention.
So in a nutshell: Litecoin (LTC) is developing the potential to become the first cryptocurrency that can be used by any non-technical physical person anywhere in the world as a local currency that makes life easier, faster, cheaper, and more safety.
If the banking transaction passes through, Litecoin will become one of the most underrated assets in the encrypted markets, and will steadily increase until you find the right balance point that could be as high as 1000 USD. Are you among those who did not take Litecoin so far? You should reconsider now. Six of those who wanted to get into Litecoin but were a little bit undecided? Immerse yourself, this is the time to build your Litecoin (LTC) portfolio. Hurry up.
For the latest cryptocurrency news, join our Telegram!
Disclaimer: this article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and / or its affiliates, employees, writers and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own in-depth research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of Maxpixel.net
[ad_2]Source link
