The news about Litecoin starting a collaboration with TokenPay came exclusively on April 26. Charlie Lee officially announced that LTC will now be pairing up with TokenPay officially as it was implied earlier. However, the official statement made by the “first man” of Litecoin, contained Lee’s claims that Litecoin and TokenPay “are still exploring options”, which means that the partnership is not yet official. Let’s see what would it take to have TokenPay and Litecoin collaborating together, as well as what this collaboration could mean for Litecoin.
Is Litecoin Starting Collaboration with TokenPay?
Although Charlie Lee, the first man of Litecoin, is still keeping the public in the dark while all LTC enthusiasts and holders are waiting to see if the mentioned collaboration is actually going to happen in reality, there are some strong indications that this collaboration could turn official very soon.
As it is easily concluded, LTC came as a bit vulnerable after this currency lost its long-held spot as the fifth-best currency in accordance with the global coin ranking list. Its spot was lost to EOS, which easily climbed to the spot number five, that way taking it over due to significantly increased trading volume of EOS currency, while LTC went down taking the spot number 6 on the global coin ranking list.
This is probably the main reason why LTC is so closely monitored – the team lead by Charlie Lee is stepping up its game while trying to bring LTC to mass adoption while also working on having Litecoin partnering up with TokenPay as it was originally indicated in the not so far past.
Moreover, what makes us believe that TokenPay and Litecoin are set to officially pair up is the fact that Charlie Lee and TokenPay’s Derek Capo, revealed to the public that both, LTC and TokenPay are exploring an opportunity to include a German bank in a project that would involve crypto debit cards and many more.
In case you didn’t follow up on Verge and TokenPay story, if we go back a couple of weeks ago, you can recall that Derek Capo announced that the TokenPay team is planning on purchasing a German bank while the plan included Verge as TokenPay’s currency of choice.
Around the time when we were still unaware that Verge has started a crowdfunding campaign in order to collect 75 million XVG for a mystery partnership, the community believed that the mystery partnership was actually hiding TokenPay as a partner, to which the majority of XVG holders and investors were looking forward to.
In the end, it turned out that XVG was actually partnering up with MindGame which brought them to PornHub as one of the possible payment methods.
In case you are holding or are interested in holding XVG, you will be glad to know that this partnership is happening. Verge currency will be used in a bank in Munich in case Derek Capo buys the bank off as mentioned in the official tweet discussion between Derek Capo and Charlie Lee.
In this tweet public conversation, TokenPay was confirmed as one of the investors for the crowdfunding campaign, also adding that TokenPay is planning on adding more currencies besides from adding Verge to the Munich bank that is planned to be a part of a massive project started by TokenPay.
However, the Verge-TokenPay collaboration does not exclude collaboration between Litecoin and TokenPay.
In the further public conversation between the two representatives, Charlie Lee added that “he doesn’t care if Litecoin is 2nd”, thinking about the collaboration between Verge and TokenPay while indicating that LTC is more than ready to join this more than a promising project.
Derek Capo, as a reply, made an unofficial offer to Charlie Lee, stating that if he is interested in talking about real crypto debit cards, TokenPay is ready for collaboration as they will be buying off 9.9% of one of the German banks. At the end of his unofficial call for action directed to Charlie Lee, Derek Capo added that ”the battle of old world and a new world is just getting started!”, which means that TokenPay is planning on making a huge move towards leading cryptocurrencies towards mass adoption, which is definitely where Litecoin and Charlie Lee want to be.
How is Litecoin doing at the Current Moment?
At the beginning of April 26th, as per the atmosphere on the market, Litecoin was dropping for a bit over 5% against the dollar, while it was rising against BTC for a couple of percents since the market is massively going down again, which is the case for a couple of days now.
However, as of a couple of hours ago, Litecoin has seen a minor rise of 0.48% that soon rose to 0.82% against the dollar, which means that LTC is still trading in the green despite the atmosphere in the market.
LTC is also rising against Bitcoin by 1.98%, which means that Litecoin is currently doing better in the market when compared to BTC.
After the latest change in the market, Litecoin can be purchased at the price of 146.85$, which is still far from its all-time high of 366$ as marked in December of 2017.
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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 Marc van der Chijs via Flickr
Reasons Why You Are Much Safer When Crypto Trading on Dexes
While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.
During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.
Here are some reasons why you might want to consider doing the same.
1. True ownership of your coins
The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges…
Crypto Billionaire Predicts Massive Price Growth by 2021
Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.
Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.
He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.
However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…
TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level
Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world. Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon. This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs. One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos. TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.
Problems with Centralized Casinos
The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model. And online casinos are no different. It still needs to be said that centralized casinos have proven that there is a great demand for online gambling. The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative. But industries are continually evolving and this one is no different.
A few of the problems facing centralized casinos include the following:
- Little to no transparency
- Consumer lack of confidence
- Privacy concerns
- 48-72 hour wait time for withdrawals
These are four monumental issues that need to be addressed quickly given the global growth of the market. Casinos need to…
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