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Crypto Wallet Called Wirex Now Accepts Litecoin (LTC)
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Crypto Wallet Called Wirex Now Accepts Litecoin (LTC)

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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

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VOLUM uncorks its track and trace platform for global alcoholic beverage producer ISBG

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VOLUM onboards global wine and spirits producer, ISBG, to simplify its supply chain process with a track-and-trace platform that digitizes and reduces traditional paperwork

 

ESTONIA — March 2019 — VOLUM, the blockchain ecosystem for enterprises, is announcing that ISBG, a global producer of alcoholic beverages incubator, is partnering with VOLUM to implement its platform into its sales and distribution process. The VOLUM platform digitizes and simplifies both traditional paperwork and the supply chain process, using its operational smart contracts.

 

A supply chain can be a difficult process to track and trace. A comprehensive system of organizations, activities, information, and resources have to be accounted for, not to mention the overwhelming amount of paperwork. So, what’s a large corporation to do, if it truly wants to accelerate its supply chain while cutting back on paper waste? VOLUM has developed a blockchain framework that allows enterprises to convert traditional paperwork into a digital process while safeguarding all transactions and steps within a company’s supply chain.

 

VOLUM leverages blockchain technology with an ecosystem that is specifically designed for farmers, manufacturers, distributors, public utilities, governing agencies, financial institutions, and IoT data hosts. The VOLUM…

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Blockchain-Focused ETF Arrives on London Stock Exchange

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The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.

While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.

The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.

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Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?

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Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.

However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.

Bitcoin as a divorce tool?

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