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Reasons For A Litecoin Amazon Deal

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It is every crypto’s dream to become accepted by a large company that would make it famous and useful. Among the large firms, Amazon pretty much acts as the top jewel. However, the online store has been delaying a venture into the crypto world for a while now and has yet to make its choice when it comes to picking a coin for adoption.

Sooner or later, even Amazon will have to make this choice and actually go crypto. The adoption of digital currencies advances almost on a daily basis now, and the store won’t allow itself to be left behind. But, what is the best coin for Amazon? According to the majority of analysts, crypto enthusiasts, and even regular shoppers themselves, the choice is obviously Litecoin (LTC).

Why is Litecoin Amazon deal the best option?

Amazon has shown throughout the years that it is not scared of the new technology. In fact, in a lot of cases, it even led to the adoption of numerous new concepts. When it comes to Litecoin, it seems like this particular coin is Amazon’s natural choice. Both are very innovative, and they are among the best in their respective niches.

When it comes to the crypto world, most people would think of Bitcoin when they think of cryptos. However, even though Bitcoin has become the representative of the crypto industry, it is hardly the most practical coin around. Litecoin, on the other hand, is much better for an average user. It is more stable, and since it is a fork of BTC, it took some of its best traits. However, it left behind most of BTC’s weaknesses.

As far as the transactions go, Bitcoin might have been better if didn’t suffer from scalability issues and large fees that came as a direct consequence of those issues.

Litecoin’s coin, LTC, is quite spendable, much faster, and it can serve as an entry point for numerous users. A large number of them are Amazon shoppers already, so integrating LTC as a legitimate payment method would not harm Amazon or Litecoin in any way.

Another reason for Litecoin Amazon deal is the coin’s utility traits. They make it a much better choice when it comes to being adopted by an e-commerce outfit. It is decently valuable and quite usable, almost as one of the so-called legal tenders. All the biggest exchanges around the world have accepted it a long time ago. This expands Amazon’s influence and reach, and it will even allow its users to access their crypto funds via mobile at any time.

Litecoin’s very design is perfect for making online payments, and those payments are even more simplified through LitePay. Through a Litecoin Amazon deal, customers would always get what they pay for, with no extra fees, large chargebacks, and alike.

Possible bad sides of Litecoin Amazon deal

While Litecoin is the best option for Amazon, we admit that it is not perfect. While its design and nature are perfect for Amazon, it still suffers from one of the largest issues, that surrounds every digital currency. We are, of course, talking about the volatility problem.

Whenever you are dealing with cryptos, there is always a fear of getting damaged by price changes. The market has crashed more times than anyone can count, with possibly the biggest crash in crypto history happening at the beginning of this year.

While the fear of volatility is real, we need to remember what is it that the Amazon shopper expects from the system. The shoppers are looking for transparent systems, that are affordable, and easy to use. Litecoin meets their requirements completely, and even with the price volatility, it still remains the top coin for Amazon.

Before the market crash, Litecoin was doing pretty well, and it had a lot of support. After the price reduction, people panicked and started to sell. As the coin got oversold, its value dropped even further. However, this is not because LTC is a bad coin. It is something that has happened to an entire market, and every other coin out there.

Litecoin Amazon deal should remain the best option, no matter what happens to the crypto market. Even with the market remaining constantly bearish, the crypto adoption continues. As soon as Amazon is ready to make a choice and stand behind a specific coin, many are convinced that Litecoin will be the one they will choose.

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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.

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Why Binance Could Become The First Centralized Company To Achieve Total Decentralization

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At this point, pretty much everyone who knows anything about cryptocurrencies knows that they are based on the concept of decentralization. The same is true for the blockchain technology. While there are some exceptions, such as certain stablecoins, most digital coins follow this principle.

This means that these coins, as well as their network, have no central authority, no single entity that would make choices and decisions that would impact others. However, while most coins managed to achieve this through different complex mechanisms and algorithms — one aspect of crypto trading still remains heavily centralized. We are, of course, talking about crypto exchanges.

Centralization of crypto exchanges

Most of the largest crypto exchanges out there are designed as companies, rather than community-operated platforms. The exchanges have their employees who designed them and developed special tools. They act as customer support, developers, innovators, and alike.

They also get to decide which coins will be listed and which are too weak, uncertain, or not fit to be found on the list. Exchanges are also responsible for keeping the traders’ and investors’ funds safe, which is why they typically develop their own wallets. As such, they are often targeted by hackers, as the coins are stored in an exchange wallet, waiting to be withdrawn, sold, or converted into different currencies.

This makes them extremely unsafe, and investors and traders are always…

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Secret Behind Binance Coin: Why is BNB Outperforming Other Coins

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The crypto market has seen quite a lot of volatility in 2019, although not all of the price changes were bad, as they were in 2018. In fact, many coins saw significant growth. Bitcoin (BTC), for example, recently managed to breach one of its major resistance at $4,000. Many have predicted that breaching this roadblock will mark the next stage in Bitcoin’s growth, and potentially its return to higher levels.

However, while most of the market has been seeing significant gains in the past several days, one coin still outperforms them all — Binance Coin (BNB).

So far, in 2019, Binance Coin has shown a strong will of its own, often seemingly being immune to the market trends. While the coin did see a significant loss in 2018, it spent most of 2019 in recovery, even while the last remnants of the crypto winter still tortured the rest of the market.

Back in the early days of January 2019, the coin’s price was barely above $5. Now, however, only a bit over two months later, BNB price is at $15.86, and still seeing growth. The coin never suddenly spiked, but instead, its growth was steady and stable. Whenever it approached new resistance level, BNB would slowly carve its way through it, turning it into support, and continuing on.

But, what is allowing it to break free from…

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Cryptocurrency Analysis: Tron (TRX), Ethereum (ETH) and Bitcoin Cash (BCH)

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The cryptocurrency market has entered another turbulent period, with shifts between price recoveries and corrections happening as often as several times per day. It is clear that the coins are still nowhere near to being stable, and most of them are impatient for something to happen, and that extends to investors and traders as well.

However, while most eyes are on Bitcoin, many are also curious about other top coins as well, particularly those within the list of the top ten largest cryptocurrencies by market cap.

Ethereum (ETH)

Ethereum is the second largest cryptocurrency by market cap, and likely the second most important coin ever to be made. It is the coin that helped the attention shift from crypto towards blockchain, acting more as a development platform than an actual currency. As a result, Ethereum has started the blockchain revolution, and it became the go-to project for developing dApps, smart contracts, as well as new coins.

It is still the leading project when it comes to the number of other projects developed on its platform, and while it has its own issues — as well as a lot of competition — Ethereum manages to hold its ground. Meanwhile, its coin, Ether, is currently seeing growth, aiming to once again reach the price of $150, although it has several large resistance levels to beat. However, it already breached the…

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