Connect with us

Blogs

Aliant and Litecoin Filling the Gap Left by LitePay

Published

on

Aliant
READ LATER - DOWNLOAD THIS POST AS PDF

Over the past few months, Litecoin has been experiencing a very torrid time, with the price not recovering as it was expected.  While there are still reasons why Litecoin has bright future, things are definitely not looking good for Litecoin at the moment. In spite of being one of the largest cryptocurrencies on the planet, and announcing recent partnerships for its expansion, Litecoin still sits at a low of $ 113.71 USD in an overall declining Cryptocurrency market with a market cap of $6,361,455,370

Recent Developments:

Litecoin recently announced that it has started integrating with Aliant, a payment system provider which works with small businesses and medium scale operations. Talks were going on from early February, with Litepay expressing interest in expanding and working with small to medium scale merchants.  This is aimed at allowing companies to access the crypto-community at large. This is not the first time however that Aliant has worked with a Cryptocurrency, with both Bitcoin and Ethereum integrating with Bitcoin and Ethereum. The merchant community, on the whole, seems to accept cryptocurrencies with open arms, as expressed by CEO Eric Brown in the following statement.

“Our merchants look to us for innovative ways to transfer money safely, securely, and cost-effectively. Cryptocurrency allows us to move money in all of these ways, while also offering consumers more payment options.”

The Aim of the Project:

The integration between Litepay and Aliant is a step in the right direction for both companies. To Aliant, this is a great way to entice small-scale traders to embrace cryptocurrencies which in turn is a sign of the increasing market adoption if cryptocurrencies among the general populous. Even though Aliant also offers options for Bitcoin and Ethereum, Litecoins low transaction fees and faster transaction fees would be more suitable for small-scale vendors such as coffee shops or food trucks.

loading...

Filling the LitePay Void:

The Litecoin Foundation has only recently come out of a disastrous predicament when the much-awaited launch of LitePay was eventually scrapped. The cancellation news of Litepay thus came as a surprise to the crypto-community which in turn generated quite a negative sentiment in the market. This was not helped by, any news sites, which quickly put the blame on the Litecoin Foundation for the failure of Litepay.  As a result, prices dropped dramatically for the next few weeks. It was not until CEO Charlie Lee addressed the situation and made things clear to Litecoin’s expansive community and development base. It should have noted that Litecoin has experienced immense success in the past, with Segwit implementation ahead of Bitcoin and the fast “Lightning network” being the major breakthrough for the Cryptocurrency.

Final thought and Predictions:

Integration between Litecoin and other payment processors is nothing new to the company. However, Aliant marks the first official company to- complete all registration requirements which were outlined by the LTC foundation.  In fact, the news of the partnership is a definite source of some positive sentiment among Litecoin users, as it reaffirms the development team’s commitment to growing the availability of LTC transactions around the world.

Since merchants and other commercial businesses are skeptical about the volatility of the Cryptocurrency market. People, who are backing the project, however, have stated that the expansion of Litecoin will have a positive impact on its price, as well as opening the door for Litecoin adoption in the general public. If all things go according to plan, Litecoin may experience an uptrend in price levels in the coming months.

We will be updating our subscribers as soon as we know more. For the latest on LTC, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pawel Biernacki via Flickr

Altcoins

DGB Price Prediction For 2018 and Beyond

Published

on

DGB price prediction
READ LATER - DOWNLOAD THIS POST AS PDF

With the crypto market being constantly bearish throughout this year, a lot of investors are having second thoughts about buying additional coins. While some large cryptocurrencies like Bitcoin or Ethereum can be considered safe investments, smaller coins like Digibyte (DGB) often receive a lot of doubt. This is why the DGB price prediction is necessary so that the investors can know what to expect.

DGB Price Prediction

DGB has had its ups and downs throughout this year, and at some point, it even went up by 70%. However, the constant bear market affected it just as much as numerous other cryptos. This has brought its value down to its current $0.025378 per coin. Some optimistic predictions from earlier dates saw the coin reaching as high a price as $9.20 by the year’s end. However, as we approach the date, it seems less and less likely that this DGB price prediction will come true.

The coin is generally seen as a profitable investment. As it is always the case with cryptocurrencies, they should be bought when their prices are down, so that a profit could be made when they spike up once more. Digibyte is no different, but it should be noted that investing in this coin means having patience. DGB is not among the coins that will make you rich overnight, and instead, it should be seen as a long-term investment.

Even though 2018 has been as…

Continue Reading

Altcoins

Why ZCash (ZEC) Is Heading to $10k

Published

on

ZCash
READ LATER - DOWNLOAD THIS POST AS PDF

Back in mid-May, the Winklevoss Twins made the headlines for embracing ZCash (ZEC) as one of its major digital assets on their groundbreaking Gemini exchange. When the announcement was made, ZEC rallied in the market by showing a 45% increment in value. The coin made it to $357 in a matter of hours.

Further assessing the currently available digital assets on the Gemini platform, we find that the exchange currently has USD pairings for only Bitcoin (BTC), Ethereum and ZEC. There is also additional pairings of ETH/BTC, ZEC/BTC and ZEC/ETH with plans to onboard Litecoin in the coming days.

Another thing to note is that the exchange also provides custodial services for institutional investors thus giving ZEC the much-needed exposure to the firms on Wall Street. Custodial services provide a guarantee that all digital assets on the platform are stored by a licensed entity thus extinguishing any cybersecurity concerns. For an entity to be licensed in New York for custodial services, the proper due diligence and research have been done.

Another thing that makes the Gemini exchange attractive and appealing to institutional investors, is that all USD deposits are insured by the FDIC. The latter entity is the Federal Deposit Insurance Corporation that provides insurance for USD deposits in American banks. This means that once again, the funds of individual and institutional investors are safe and insured, further making…

Continue Reading

Altcoins

Ripple XRP Mega Breakout: What’s Next?

Published

on

Ripple XRP mega breakout
READ LATER - DOWNLOAD THIS POST AS PDF

The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

Continue Reading

Trending