Connect with us

Altcoins

Litecoin [LTC] aims to boost trading volume with #PayWithLitecoin

Arjun B

Published

on

Litecoin [LTC] aims to boost trading volume with #PayWithLitecoin
Source: Flickr

Litecoin foundation has started two campaigns called #PayWithLitecoin and #LitecoinAcceptedHere. Litecoin has started the campaign with a particular tweet:

“Does your business accept Litecoin?”

The representative team of Litecoin has been encouraging users through the tweet to find all LTC users and potentially interested people.

Litecoin has suffered a loss right in the beginning point of the reviving phase of the crypto market. The fifth position in the market belonged to Litecoin for a long time but was recently taken over by Ethereum-backed EOS.

Under the situation, the Litecoin team had decided to take a stand. Massive adoption campaigns are being deployed under the names of “Litecoin Accepted Here” and “Pay with Litecoin”.

There was no particular information which was given in the tweet regarding the project but the Litecoin team has started adoption campaigns to prompt Litecoin and its daily use among the people. The expected result can be that many small and medium businesses will start adopting Litecoin token [LTC] as a payment option for the services or products which they are providing to the people.

If many companies do start to adopt LTC, the price of Litecoin can increase again. The team at Litecoin feels that this could boost the exchange volume of the Litecoin.

On Wednesday, April 25th, 2018, the WikiLeaks shop had announced that they have started accepting the digital cryptocurrency, Litecoin as a payment method. The founder of the Wikileaks shop, Julian Assange, had consistently shown his support for decentralization, data privacy, and the various uses of blockchain technology.



#PayWithLitecoin is spreading like a wildfire through the various social media platforms. Many Litecoin supports and users have been posting tweets in relation to the campaign.

Jon Moore, a Litecoin enthusiast has tweeted:

“A business that accepts a credit card as payment can have the money taken away from them for 6 months after the original sale. Using Litecoin[ LTC] as payments is a great way to prevent consumer fraud happening. Start accepting Litecoin as payment and feel the power back in your own hands!! #paywithlitecoin”





Subscribe to AMBCrypto’s Newsletter


Ripple

Ripple executive elected to United States Faster Payment Council’s Board of Directors

Sarvesh Kumar

Published

on

Pat Thelen: Elected by U.S Faster Payments Council as one of their directors, a Bane for XRP?
Source: PixabaY

Pat Thelen, Ripple’s VP of Strategic Accounts, has been recently appointed as one of U.S Faster Payment Council’s (FPC) directors. He was also among the first elected board members of the Council. The list of the selected members was out on Monday and Thelen was chosen from a list of people in the larger technological sector industry. Thelen will be serving a one year term.

The appointment of the directors, including Thelen, was met with a lot of positive reaction online. This enthusiasm was shared by the Council itself, whose Executive Director and interim board Chairman, Kevin Christensen, said

“The new board represents the industry’s inclusiveness which is an integral part of the organization.”

FPC is leading the way for presenting avenues for faster payment methods. Hence, Thelen and other representatives on the Council are expected to take greater initiative in fulfilling the Council’s objectives. Ripple was created for a similar goal, with XRP born to do transactions at a faster speed than what Bitcoin, or any other present-day payment settlement system, is doing.



With Pat Thelen becoming a part of the FPC, many doors and opportunities are now open to Ripple, XRP and companies in the field of making global payment settlement more secure, quicker and more accessible for a diverse set of consumers. With CEO Brad Garlinghouse claiming that he did not expect banks and governments to be “obliterated by new technologies,” Ripple’s work within the FPC may accelerate its goal to reduce the friction in global commerce.

With Ripple now as a part of FPC, it has also opened doors for other cryptocurrencies as well. The FPC is a newly-formed organization, one that aims to provide a platform for Americans to do transactions in a safe, instant and cost-effective manner.





Subscribe to AMBCrypto’s Newsletter


Continue Reading

Trending