Today, Wirex announced that Litecoin [LTC] is added to its wallet, making Litecoin the first of several altcoins to be added to its cryptocurrency wallet app. Wirex is linked to major physical and virtual Visa debit cards, which will now support Litecoin in addition to Bitcoin [BTC].
Wirex chose to add Litecoin as ‘It’s faster than Bitcoin, has lower blockchain fees and may become a global payment option available on dozens of big brand websites in coming months.’
Its new LTC wallet allows the users to instantly convert the coin into British Pound [GBP], Euro [EUR] or U.S Dollar [USD] and spend it with the Wirex Visa Card. Litecoin can be added to the account by bank transfer, debit or credit card, which is secure and can be verified easily. Furthermore, ICO profits can be cashed out easily by exchanging it with Litecoin, which can be exchanged with Bitcoin or vice versa at any time.
In January this year, Wirex had tied up with Wavecrest, a digital prepaid payment solutions partner. However, they had to end their relationship as Visa instructed Wavecrest to close all Visa cards with immediate effect.
Visa had decided to drop all cryptocurrency-backed cards from its network as some issuer in Europe had violated their operating regulations. Since then, Wirex has been working towards issuing new cards which support Bitcoin, and now Litecoin.
Earlier this month, Litecoin [LTC] was added to the Korean exchange Korbit.
Barry Robins, a market follower, and crypto enthusiast said:
“This is great!! What happened with wavecrest and visa may have affected your user base. Its great to see litecoin is also added to your wallet and im sure the other altcoins will also be added soon. Litecoin seems to give good competition to bitcoin.”
Subscribe to AMBCrypto’s Newsletter
Tron [TRX] rises in the charts as Justin Sun-led cryptocurrency becomes biggest gainer in the top 20
Central bank cryptos will follow after being battle tested by corporations, says PwC’s Pauline Kalfon
Facebook Coin’s plan to overhaul the US Dollar falls short of conviction
WaykiChain [WICC], Blockchain Industry Delegate, with over 150 Top Global Firms Attends China Development Forum [CDF] 2019
Ripple’s class-action lawsuit takes a step further as court sets schedule for next year
Flash hike: Qtum skyrockets by over 36% in 1-hour after Apple Pay & Samsung Pay announcement
Craig Wright’s Twitter account suspended after threatening harassment and libel lawsuits
Qtum partnership with Zeus enables users to trade cryptocurrency on Apple Pay, Samsung Pay
Bitcoin Cash [BCH] developers introduce privacy-protecting lightweight protocol, Neutrino
Bitcoin Cash [BCH] Price Analysis: Bears return as market correction precipitates decline
Bitcoin [BTC]: Dubai gets its first ATM; users can acquire BTC using any fiat currency
Stellar and IBM’s World Wire gets another boost as MatchMove joins service
- Press Release
Blockchain technology in the Utilities and Energy Market explored at the Blockchain Expo London
CFTC Commissioner: Regulated cryptocurrency market could attract institutional investors