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Litecoin [LTC] furthers its adoption, enters the MCO Wallet

Priyamvada Singh

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Litecoin [LTC] furthers its adoption, enters the MCO Wallet
Source: Pixabay

On 1st August, Crypto.com, previously known as Monaco, which is a cryptocurrency platform announced the listing of Litecoin [LTC] to its MCO Wallet App via a tweet. The Wallet App has Bitcoin [BTC], Ethereum [ETH], Binance Coin [BNB] and its native token MCO already added on it.

Tweet by MCO || Source: Twitter

Tweet by MCO || Source: Twitter

Charlie Lee, the creator of Litecoin and the Managing Director of the Litecoin Foundation, also stated that his foundation and Crypto.com are based on the common vision. Both the entities aim at driving cryptocurrencies to a widespread adoption while developing them further to suit the adoption requirements. He also added:

“As Litecoin moves towards widespread acceptance as currency for a growing number of merchants, I’m excited to see Litecoin support added to the MCO Wallet App and the MCO Visa Card.”

On the other hand, Kris Marszalek, who is the CEO and Co-founder of CRYPTO.com also said:

“By listing Litecoin on the MCO Wallet App, we are deepening both the functionality of the app for users and transforming into a go-to, intuitive cryptocurrency exchange platform.”

He further stated that Crypto.com will work towards adding more cryptocurrencies to diversify the platform. Moreover, he believes that adding Litecoin will be essential to the audience that spends and invests in cryptocurrencies.

According to the official Medium blog of CRYPTO.com, its vision is to increase the adoption of cryptocurrency payments in the global scenario. This is done via their financial services for the consumer-base such as MCO Visa Card, Wallet App, and the MCO token.

Post the launch of the MCO Wallet App, Litecoin is the first cryptocurrency that has been listed on the platform. This is also a step forward towards the launch of the MCO Visa Card, as Litecoin will give the MCO Wallet userbase more options in trading and buying.

Among many recent achievements, Litecoin’s Charlie Lee was also announced as the new advisor for HTC’s Exodus smartphone, earlier this week. Charlie Lee had also tweeted about a meeting held between the Exodus team and himself wherein he received the support of the smartphone for his Litecoin. In Charlie’s words:

“Met the HTC Exodus team last week and was really excited to hear the phone will support LTC and Lightning Network on Litecoin natively! I will be an advisor as I see having a secure crypto phone that makes LN simple is needed for mass adoption.”

Litecoin fetched another significant support recently, from the popular digital currency wallet called Skrill. Currently, Skrill has a userbase of about 16 million customers.



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Priyamvada is a full-time journalist at AMBCrypto. A graduate in Journalism & Communication from Manipal University, she believes blockchain technology to be a revolutionary tool in advancing the future. Currently, she holds no value in cryptocurrencies.

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