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Litecoin [LTC] updates – International transactions made easier and iOS update for LoafWallet

Sthuthie Murthy



Litecoin [LTC] updates - International transactions made easier and iOS update for LoafWallet
Source: Pixabay

According to some unconfirmed sources, some international transactions have been made using Litecoin, reportedly from Sweden to Mexico. Litecoin [LTC] has come down from $171.58 to $158.32 since yesterday.

A trader explained on a forum, Richard comments:

“I normally trade cryptos in Mexico but this is the first time I actually transferred money from Sweden to México using Litecoin and then to fiat. It took almost an hour to confirm the transaction in Coinbase, but at the end it was totally worth it. The transaction fee was 0.14 SEK! It is fantastic to be able to transfer money quickly. In the past I had to wait almost a week to receive the money into my bank account. There is a lot of future in cryptos!”

Many users are very happy and satisfied, helping them with faster and easy international payments. Here are a few comments from the Reddit forum,

Jack Anniston said:

“It ‘cha chings’ in my loaf wallet within seconds from my personal experience, I’m really excited about this movement because it was really easy and straightforward.”

Litecoin also tweeted a few hours ago which said the ‘LoafWallet is now back up on the Apple App Store’. They apologized for all the inconveniences until now and hope for a hassle-free experience for its users.

LoafWallet is the first standalone Litecoin wallet built for iOS, focusing on accessibility, security, and simplicity. The new update includes bug fixes, login errors and other complaints fixes as received by the users. They have promised to make it better with every update.

Litecoin Foundation recently tweeted:

Litecoin's Tweet

Litecoin’s Tweet

Maria, a Twitter enthusiast said:

“Excellent!!! Loafwallet is awesome!”

Andrew Simson, a tech freak commented:

“Special thanks for helping us shift our Apple Developer account & getting this entire situation resolved!”

A LoafWallet user comments:

“I still have a problem. app crashes when I recive litecoins. I need to reinstall it again. ios 11.2.6”

Joshua Loun, a Twitterati says:

“I love your coin but loafwallet, ouch, bad marketing. If you need suggestions in the future there are a plethora of people for hire. Loaf wallet what a loaf, sounds slow, opposite of lite, like, um, ugh”

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Sthuthie Murthy is a full-time reporter at AMBCrypto. She has been researching and writing about the Blockchain technology for a year now. Her passion for blockchain has led her to be a part of AMBCrypto's news reporting team. She does not hold value in any cryptocurrencies currently.


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

Sarvesh Kumar



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.

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