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Aliant and Litecoin Filling the Gap Left by LitePay

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Aliant
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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.

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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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Elite