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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

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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