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Litecoin Foundation

Litecoin Foundation Working Hard on Adoption

· 14 Jun 2018 in Cryptocurrency News, Home
Carlos is an international relations' analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.

Most of us know that the market is not giving us good signals. Since the beginning of the that Litecoin (LTC) cannot recover its price. But this does not mean that the community is not moving forward. Litecoin Foundation and developers behind the famous crypto are working very hard so as to increase adoption and make Litecoin a better cryptocurrency.

Litecoin Foundation Work

Since some time, the Litecoin Foundation decided to start a campaign known as #PayWithLitecoin. The main intention is to increase the number of merchants accepting Litecoin. At the same time, if there are shops using this crypto, then it is possible to help the community grow every time we pay with Litecoin.

There is a website known as PayWithLitecoin that aims to help businesses and merchants accepting Litecoin for their products and services.

Litecoin has many advantages compared to other cryptocurrencies. Transactions are confirmed much faster than other virtual currencies because it has 2.5 minutes’ blocks (Bitcoin has 10 minutes’ blocks). It has lower fees, allowing users to send smaller amounts of money without having to be worried about transaction costs.

At the moment, the community is requesting some companies to accept Bitcoin, including Amazon, eBay, Starbucks, Seamless, Uber, Apple, Walmart, Netflix, Lyft and Spotify.

Some days ago, Charlie Lee, Litecoin’s creator announced that Surf Air, a company that provides private flights, has decided to accept Litecoin payments. Which is one of the several companies that is currently accepting LTC.

At the same time, one of the main critics that the community did to Charlie Lee and the Litecoin Foundation, was that they have not been pushing for a marketing campaign in order to promote Litecoin. Now, with #PayWithLitecoin, the situation has changed.

All over twitter people is using this hashtag when they pay with LTC. And indeed, several individuals that support Litecoin every time they purchase something with Litecoin they send a video or a picture of that moment.

Prices may be down temporarily, but the work that the community is doing to promote Litecoin and cryptocurrencies is fantastic and is growing every single day more. Litecoin can be purchased from Binance Exchange, Coinbase, Bittrex and a lot of other cryptocurrency exchanges.

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