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Reasons For A Litecoin Amazon Deal

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Litecoin Amazon

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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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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