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.
For the latest cryptocurrency news, join our Telegram!
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 Pexels
Why BlocPal Is the Easiest Way to Accept Cryptocurrency
The face of the retail industry is always changing.
E-commerce is one of the fastest growing trends worldwide, and for good reasons.
It’s convenient, secure, and is effective at connecting merchants with interested shoppers from across the world.
For this reason, it’s no surprise that online shipping is expected to overtake brick-and-mortar stores globally by 2021, making it the world’s largest medium for retail. As the industry changes, it’s important for retailers to keep up with the latest technology so they’re able to accommodate more customers at once. This is where BlocPal comes in.
BlocPal offers business owners an easier way to process payments
BlocPal understands that not every business owner adapts to technology at the same rate. As such, BlocPal has been designed to optimize transactions for both online and brick-and-mortar companies so that every retailer can enjoy the benefits that come with the world’s first true multi-currency payment solution.
With BlocPal, business owners can enjoy the following benefits:
- The ability to process payments in fiat (USD and CAD) currency as well as Bitcoin, Bitcoin Cash, Bitcoin SV, Litecoin, and Ethereum. Expect more currencies to be added as BlocPal…
Lite.IM Dethrones Facebook After Integrating Crypto Wallet With Popular Messaging Platforms
With the crypto markets in turmoil, especially after news about a potential hack at Cryptopia, traders and investors need to turn their attention away from day trading. Instead, crypto traders really need to think long-term and identify projects that are sure to win in the long-term. In particular, one crypto company is making major headlines after winning an all-important technology battle against the mighty Facebook. That company is Zulu Republic (ZTX).
Zulu Republic Develops Lite.IM
Zulu Republic is an ecosystem of blockchain tools and platforms, designed as a place where people, businesses, and organizations can thrive on their own terms. And indeed, Zulu Republic has hit a grand slam with their development of Lite.IM.
Lite.IM is a crypto wallet that has been integrated with several of the most popular messaging platforms such as Facebook Messenger and Telegram. In addition, users in the U.S. and Canada can also exchange and manage crypto balances through SMS. Although not all cryptocurrencies are available, the team has selected four of the most popular currencies which include Litecoin (LTC), Ethereum (ETH), Bitcoin (BTC), and the native currency of Zulu Republic (ZTX).
Telegram and Facebook Messenger are extremely popular platforms. But, potentially even more exciting news, is that the Lite.IM team plan to announce WhatsApp integration in the next 1-2 weeks. There is a reason why Facebook acquired WhatsApp in 2014, for…
Will 2019 be the Year of TRON (TRX)?
While even the best years cannot help sustain bad cryptocurrency projects, the good and strong ones can do much even when years are extremely bad for crypto. TRON (TRX) has proven this in 2018 by being one of the most active and most popular projects around.
Throughout the previous year, TRON has been making great progress, setting foundations for growth and expansion, which may eventually lead to its dominance over the crypto market. Now, 2019 has barely even started, and it already promises to be a year filled with potential and all kinds of different possibilities for this coin.
TRON in 2018
2018 has started with a market crash that has brought a lot of coins down from their all-time highs. This is true for TRON as well, and it did not manage to avoid being affected by bear market, no matter what its developers did. However, instead of trying to fight the market and its trends, they focused on expansion, development, partnerships, and future projects.
The first big step for TRON was the launch of its MainNet, with dozens of listings and partnerships being announced right before the final launch. After that, the coin transferred its tokens from Ethereum’s network, it had a Super Representative election, and it even managed to purchase BitTorrent, which was a part of a secret project back then.
The project was quickly…
Crypto Venture UpStake is Redefining the Industry with a Proof-of-Burn Stable Coin
How Online Casinos Can Adapt to the Growth of Cryptocurrency
Reasons Why 2019 May Be A Great Year For Crypto
Altcoins2 weeks ago
TRON (TRX) Expectations for 2019
Blogs2 weeks ago
Will 2019 be the Year of XRP?
Bitcoin2 weeks ago
What Will Happen First: BTC 2k or 5k?
Don't Miss1 week ago
Wirex adds WAVES to its Platform
Bitcoin1 week ago
Bitcoin Grows Beyond $4,000
Blogs3 days ago
3 Cryptos To Blow Up In The Next Bull Run
Altcoins1 week ago
TRX vs ADA: TRX Overtook ADA for 8th Place
Altcoins1 week ago
TRON (TRX) Surges by 20%