Litecoin, in the recent time, has shown promising numbers. The currency has grown with time and has claimed the 6th rank on CoinMarketCap.
The increasing popularity and usage of the coin have led to wallet companies to make Litecoin transactions faster, of no cost and more accessible.
Abra CEO and Founder, Bill Barhydt have recently announced that it is testing an immediate, free of Abra charges, a limitless transfer from other wallets. Notably, it limits bank account transfers to $2000 and also takes one to two business days to process the transfer. As far as American Express transfers are concerned, it charges 4% Abra fee and limits the transfer up to only $200 per day.
These wallets are trying their best to promote new and upcoming cryptocurrencies. Abra is the only global app that allows you to buy, store, and invest in 25 cryptocurrencies in one place. You can fund your wallet on your mobile phone with fiat or Bitcoin. The users can invest in Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, Dash, and many more cryptocurrencies instantly.
Such additions to wallets do not only help enhance the user experience and bring along more users on their wallet, but they also help promote the usage of the coin.
The community was quite excited after the announcement of the testing by Abra’s CEO yesterday.
Jack Bowler commented:
“I just know I’m feeling so bullish right now on
A Litecoin supporter says:
“Bingo!!! 2018 will be huge for LTC! All the people holding Litecoin who were upset that it didn’t go to 1k+ in April then switched to coins that don’t even have a working system will be soooooo butt hurt.”
Litecoin currently has a market cap of a little over $8 billion and is currently surging at 6.28% in the last 24 hours.
Subscribe to AMBCrypto’s Newsletter