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Crypto Wallet Called Wirex Now Accepts Litecoin (LTC)

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Litecoin

Just today, Wirex released a new announcement in which it states that LTC (Litecoin) will now officially be added to the wallet. This puts Litecoin among the first altcoins to be accepted by the Wirex’s wallet app.

Thanks to Wirex’s connection to many virtual, as well as physical Visa debit cards, both Litecoin (LTC) and Bitcoin (BTC) will now be officially supported.

Litecoin enters Wirex

According to the statement given by Wirex, they decided to add Litecoin to their wallet due to the fact that it is faster than Bitcoin. Another reason is that it has significantly lower blockchain fees. Because of this, it is believed that LTC might become the next payment option accepted around the world, and available on various websites belonging to big brands.

Thanks to this new development, users of the wallet will now be able to convert tokens into several different currencies in an instant. This includes GBP (British Pound), USD (US Dollar), as well as EUR (Euro). After that, all that remains is spending the money via the Wirex Visa Card.

Additionally, Litecoin can also be transferred to the account via bank transfers, which is very safe and easy to do. There is also the ability to cash out ICO profits with ease, simply by using Litecoin to make the exchange. The exchange can be done with Bitcoin as well.

Wirex had troubles previously

Earlier this year, in January, Wirex started working with Wavecrest, which is a digital prepaid payment solutions partner. This partnership did not live long, however, due to the fact that Visa ordered Wavecrest to immediately end all of their Visa cards.

This was done because Visa decided to stop all cards that deal in cryptos. The reason was an incident in Europe that had their operating regulations violated, which caused the company to worry about the future of conducting their business.

Because of that, Wirex was forced to start considering alternatives that can replace Visa’s services. They decided to issue new cards and made an additional effort so that the cards would not only support Bitcoin but Litecoin as well.

This is another positive step for Litecoin, but it is not the only one. Just earlier this month, LTC was also added to Korbit, a digital currency exchange based in South Korea. One of the market followers and crypto enthusiasts, Barry Robins, stated that this is a great development. He understands that issues with Visa and Wavecrest must have had major consequences for everyone involved.

Because of this, Robins was glad to see that Litecoin was still added to the wallet, and has expressed his hope that other altcoins will join as well in due time. He believes that Litecoin is more than a decent competition to Bitcoin, which is why he, as well as many others, received this news with great optimism for the future of cryptocurrencies.

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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 BTC Keychain via Flickr

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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