Litecoin Payments Get A Boost From Crypto Merchant Processor
Not too long ago, Litecoin‘s creator Charlie Lee talked about privacy, and he highlighted the reasons for which the platform has decided to use MimbleWimble to power confidential transactions.
Litecoin Foundation addresses the falling hashrate
Earlier today, we reported that the Litecoin Foundation ponders LTC’s falling hashrate.
In a blog post, Litecoin Foundation Franklyn Richards said that the hashrate, which is basically the raw computing power on the network and how mining rigs are up and mining, might have reached a bottom.
Litecoin gets increased support
The CEO of the crypto payment processor Aliant said that the company is talking to additional professional sports teams about supporting LTC.
In a brand new interview with FOS, Eric Brown said that Aliant is pushing to build momentum for crypto adoption in the world of sports.
“We’re talking to a couple of other teams. We figured if we got one team in place, others would follow. We do feel it will be successful in rolling that out,” he said.
LTC has been named the official crypto of the Miami Dol[hins in July. It’s also worth noting that through Aliant, fans have the ability to raffle tickets using LTC and BTC.
The partnership also grants LTC in-game branding and advertising at the team’s stadium and across its online properties and digital content as well.
Litecoin Foundation wants to bring the crypto market to the mainstream
Charlie Lee says the deal with the Dolphins as a part of the Litecoin Foundation’s efforts to bring mainstream attention to the crypto market.
Lee is positive that this collab is boosting LTC and brings the project in front of a massive audience of millions of people all over the globe.
He says that this is happening at the right moment, in a time when the adoption of crypto gains field and the ecosystem can truly support real-world use cases.
Ex-Google engineer, Charlie Lee is the creator of Litecoin and MD of the Litecoin Foundation. Previously Director of Engineering at Coinbase, Lee now focuses full-time on Litecoin. To enhance fungibility and privacy of LTC, integration of MimbleWimble has begun, however Lee has recently announced a crowdfunding launch to fund the development.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.