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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

Blogs

What Changes May the Crypto Space Experience in 2019

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After the crypto hype of 2017, a lot of newly-arrived crypto enthusiasts were caught off-guard by the price crash and bear market that took over in 2018. One month after another, investors were waiting for things to change, and for another bull run to take place. Unfortunately, this did not happen in 2018, and while the year’s final days were seemingly stable, the rally everyone wanted to see has failed to arrive.

However, crypto investors remain optimistic, with many of them hoping to see some changes arrive in 2019. There are rather great expectations of this year, especially since the last one failed to deliver. However, many are interested in what exactly is to be expected in this year, which is what we will talk about today.

Bitcoin ETF approval

The US SEC’s decision regarding Bitcoin ETFs was one of the most anticipated events throughout 2018. Sadly, the decision constantly got delayed, and the SEC never actually provided an answer. The last delay has pushed the decision into 2019, and it is now expected to arrive on February 27.

Historically, the SEC was never ready to approve Bitcoin ETF, and many believe that the delays came due to the fact that the market was not ready for then in 2018. This is backed by the fact that the SEC rejected multiple application throughout the year. VanEck and SolidX…

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Blogs

Reasons Why 2019 May Be A Great Year For Crypto

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The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.

The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.

With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.

1) Bearish market to loosen its grip

The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…

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Blogs

3 Coins with the Largest Potential in 2019

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2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.

Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.

  1. Bitcoin (BTC)

Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.

One thing that is expected is the approval of Bitcoin ETFs…

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