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Litecoin gets adopted by first ever Blockchain-based phone, Skrill, and eGifter

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Litecoin is one of the largest cryptocurrencies in the crypto sphere; it ranks No.7 by market capitalization. At the time of writing, Litecoin is traded at $77.52 per coin; with a market capitalization of $4.4 billion. Nevertheless, the CEO of Litecoin, Charlie Lee, has boldly emphasized that all hands are on deck to make sure the value of Litecoin attains a price mark of USD 400 through mass adoption.

Lee has professed some of his significant plans, in which the crypto would become prominent and among the top 3 most traded cryptocurrencies.

Litecoin’s adoption by HTC Exodus, the first native blockchain mobile producer

Litecoin recently got adopted by the first native blockchain phone produced by HTC Exodus. This adoption is good news for all Litecoin fans due to the fact that the mobile would support “Litecoin Lightning Network natively” and LTC tokens also. Charlie Lee has expressed his appreciation for this major feat that has been achieved.

It is important to know that Charlie Lee is an advisor of HTC Exodus, and he also stated that this would be the foundation for crypto’s mass adoption.

Charlie Lee stated this on his official Twitter page:

Met the HTC Exodus team last week and was really excited to hear the phone will support LTC and Lightning Network on Litecoin natively! I will be an advisor as I see having a secure crypto phone that makes LN simple is needed for mass adoption. P.S. No, they will not remove BTC.”

On the other hand, HTC Exodus is a reputable company with high goals in changing the crypto sphere by producing a decentralized phone in which individuals can use with maximum security.

Recently, it partnered the company partnered with Crypto Kitties.  HTC is quite experienced in producing mobile phones all over the world. The company has manufactured different mobile phones, and it aims to revolutionize the web with its newest technology.

Litecoin gets adopted by Skrill and eGifter

Skrill is a wallet that supports various fiat currencies worldwide, and on the 25th of July, the wallet declared it now supports the trade of different cryptocurrencies including Litecoin on its platform. This is a major feat for the crypto sphere, and Litecoin is involved – which is good news.

On the other hand, eGifter which is one of the most prominent gift card companies online recently adopted Litecoin to boost its sales. It is important to note that Litecoin is now officially one of the leading payment options for eGifter. Additionally, eGifter is also stirring up the Litecoin’s mass adoption movement called PayWithLitecoin on its website.

Final Words

Litecoin’s mass adoption campaign PayWithLitecoin, which has been around for some time now, is getting lots of support from various FinTech companies. Litecoin is on its way to be among the top three most traded cryptocurrencies, as UK based crypto futures trading platform named Crypto Facilities, recently launched a new product that allows traders to be part of Litecoin futures. There are other things coming up with Litecoin, and this is the right time to buy and invest in it.

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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 Maxpixel.net

Altcoins

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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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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