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!
hopefully when plasma gets done the scaling issues for ethereum will be solved
Is Lietepay a typo?
I've found myself playing with the idea that LTC may overtake BTC due to the simple fact that it's faster and cheaper to use.
Perhaps we're onto something.. Who knows?!
Yeah I'm feel'in that way too. I always use LTC for ICO's where possible. I think it could easily go to 2 thousand in a year or two and start to dominate. It's really attractive to new entrants on coinbase when they're facing the raw cost of the other 3 big ones.
Like you said, It's fast as hell and dirt cheap to transact...I love litecoin and always try to store up a little more here and there, especially like when it dipped last month. I kept waiting thinking "it's going a bit lower". I think that was it...I shoulda bought more than a little last month.
Still, at todays prices a good buy if you can hodl for a little while.
I am already sending LTC to exchanges and then exchanging it for BTC to use in the exchanges for alt coins, so I could very easily see LTC taking over. Removes a step.
I've personally prefered LTC in the past, but never to hold for the long term considering it's beginnings and community were and are still very familiar to other meme coins such as Doge coin. With Bitcoin Cash now available however there's no reason anymore, for me personally at least, to put my money into chikun coin.
The problem LTC will have unless they up the blocksize eventually is that they run out of space and bump into the same road block as Bitcoin LS. If they then however transition in a similar fashion as Bitcoin LS (BTC) to second layers or perhaps copying also from the Bitcoin Cash (BCH) fork and scale on chain, then obviously it could become a massive alternative unless Lightning Network/the BTC Legacy&SegWit chain has worked out all its issues by then.
I'd be incredibly surprised. More likely that EOS or one of the more technologically superior coins overtakes it. LTC is only a minor improvement over BTC in terms of tech.
This is a huge step for cryptocurrency because it is a hardware that affects small transactions for day to day living. Most other cryptos are rolling out software with practical use, to make a hardware is a breakthrough. In the long term though, 1% fees is still high for crypto transactions. It is much lower than 3-3.5% visa, but high for crypo transactions if you consider the fact that popular exchanges only charge 0.05% transaction fees. But nonetheless, a great step forward. Well done litecoin! :D
Yep, LTC could be a real way of payment.
Fast, and cheap.
But...it is still very volatile, as all the cryptos out there.
I don't see the mainstream accepting it yet, when it changes so fast.
To be payment, it has to be stable( maybe pegged?).
But this is so outrageous for most cryptologists :)
Litecoin really looking promising.
THere is no way litecoin can be a used for micro payments. Too slow and slightly expensive. Let just wait to post EOS lunch and we will then see some serious payment platforms on top of the EOS blockchain
When it comes to transaction speed “as is” between BTC and LTC, it’s a no-contest. The latter is definitely more suitable. But there are other coins that are better when it comes to speed and fee. Especially Digibyte and Navcoin.
But we are in early days yet. I believe the big winner will be a platform/service that converts all of the major and significant coins into a “stable coin/token”, which is used as the currency for almost instant transactions worldwide (online and offline) at very small fees. There are many smart people working towards this. Including by NAV developers of their Valence Platform, as well as those related to NEO, QTUM, Cardano and of course, Ethereum. We will get there in due time.
As someone who was in the space since the beginning I never really understood the need for the thousands of coins that have come and gone over the years. BTC was meant for larger transactions and LTC was meant for smaller. It would be nice to see the realization of that finally.
With the success of lightning transactions and the fact that Charlie Lee works hand in hand with the Bitcoin core devs, I think it is safe to say the two coins are related. Who knows, they may somehow merge to become the savings/checking account model for the world currency. Bitcoin name is "Kleenex" now, everyone who knows Crypto, knows Bitcoin, it WILL continue to dominate the market. @kingscrown
As long as Bitcoin can remain the primary reference currency for other coins I agree that it will dominate. If we see a shift to some other reference vehicle, I think Bitcoin could be at risk. Other than that Sat being the metric by which many other coins are measured, what are other key differentiators?
I have the exact same vision for BTC & LTC; crypto-brothers in arms. With Bitcoin being the first and sold as the store of wealth, and with Litecoin getting more limelight as a method of payment, people will start to use it as such.
LTC looks to have a very promising future with more and more adoption. I'm curious which one of these Amazon and Ebay might use. Thank you for sharing. Upvoted and Resteemed by @cryptoryno33
I Upvote all comments!!!
LTC is a wonderful coin. It will go up next few hours. I hope so.
We could see the reason why Litecoin is doubled in last few days. good POST.
Great boost for litecoin lovers and inveters
Taking into account speed and cost, litecoin is pretty much the best current option. I been using litecoin exclusively for some time now, it just made more sense to me. Thanks for the read!
After the hard fork on Saterday that I missed as I don't hold any Litecoin. This will all have a positive effect on the value of litecoin. At the end of the day the battle of the crypto's, the one that delivers to its people will be most successfull.
This whole LitePay seems interesting, will take a look at it.
This is a really great news for those of us that have a load of litecoin...hehehehe. But quite a heart stopper for people who have stored just bitcoin and ETH. As much as I believe in the potential of having a lot of bitcoin and ETH, i have always believed litecoin had a bright future and i was right. Am so glad.
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Just come across this blog plenty of good info here I recon ltc going ride nice soon I've been bits here and there an hoarding it ready lol
Good job
I would like to see other coins start getting a lot of attention.
It makes me want to learn more about litecoin for example and see at what % capacity it is running at
Thanks for the info. Lirecoin seems very interesting while btc hangs in the balance.
It's certainly good timing for LTC, but without the addition of a lightning-like layer, it as well will suffer from the same congestion and fee problems if everyone uses it as a payment method.
Great information..... It might come to stay.
great to shaRE.....THANK YOU VERY MUCH
CheapAir adding LiteCoin is a win. Any time a company adds crypto as an accepted payments is a win. Every small step gets cryptocurrency that much more into the mainstream!
LTC has been handy for purchasing Steem for powering up, especially when LTC surges while Steem remains low.
Thanks for the news of Litecoin @kingscrown
It’s a great information...litecoin is smart....
https://chainz.cryptoid.info/ltc/
I am interested to see how Litecoin will handle some heavy traffic, they seem to have lots of room for new users on main net and with segwit, LN, atomic swaps, the future should be bright
One thing I know for sure, LTC transactions are faster than BTC transactions, cheaper too.
This is great news! LTC is my preferred method of moving money among exchanges so it makes sense for it to be integrated as a payment vehicle. My goal is to load up on as much crypto as I can before Amazon announces that they will start taking payments in crypto. When that happens, we will have hit the tipping point.
I'm still wondering if Amazon is going to make their own coin through Ethereum
That's a great point. Based on how they do things, I can see them first rolling out with an existing coin and then launching their own coin as they figure out the process. This would sort of mirror how they got into cloud services and how they are in the process of moving from commercial delivery companies like UPS to their own internal logistics systems.
https://www.cnbc.com/2017/11/01/amazon-buys-crypto-domains-bitcoin-ethereum.html
Amazon buys cryptocurrency domains:
amazonethereum.com
amazoncryptocurrency.com
amazoncryptocurrencies.com
Amazon is definitely preping for the cryptocurrency and blockchain future
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I think many of your posts have been accepted and I will continue to think
It certainly will be a stepping stone for the coin it's been too rumored for terrible things , cheers
Excellent @kingscrown; Thank you very much for your post, Greetings from Vzla.!!!
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I'd rather have wished it to be Steem!
True, but I'm only afraid of the double spending. Bitpay uses the api to check if the transaction is in the blockchain. It would be super handy for local business like mine to have an app that uses an API to see check this for other payment cryptos so more local stores like mine can easily start accepting crypto.