Litecoin (LTC) Pushing for Real World Payments

Spotlight Growth - Penny Stocks, Small Cap Stocks, Micro-Cap and Micro Cap Stocks, Stock Exchange, NASDAQ, Crypto, BitCoin, DogeCoin, Ai, Artificial Intelligence, Chat GPT, OpenAi, Open Ai, ASURE Software, Trending, Now, Breaking News, BioTech, Data, Analytics, Technology, Big Tech, Banking, SVB, Bank Closures, Failures, Finance, Stock Market News, WeBull, RobinHood, Reddit Traders, Trading, Investing, Investors, Investment, Investments, Day Trading, Real Estate, VC, Venture Capital, Private Equity, Firm, Firms, OTC Markets, Public, Private, OTCQB, GOOG, APPLE, Shareholders, Stakeholders, Shares, Finance Education, Blog, Articles, Consumer Goods, Pharma, Commodities, Precious Metals, Gold, Silver, Cannabis, CBD, Lithium, Electric Vehicles, Solar, Tesla, Charging, EV, Cloud Computing, Wall Street Bets, Sports Betting, Economy, Economics, IPO, Trade Ideas, Intellectual Property Rights, Private Placement, Crowd Funding, Fundraising, Meta, Metaverse, Web 3, Cyber, Cybersecurity, Cyber Security, Aircraft, VPN, Yahoo Finance, Benzinga, BarChart.

A number of recent high-profile actions seem to show that the Litecoin Foundation remains committed to real world payment services. Through a partnership with the TokenPay platform, Litecoin (LTC) will now own a 9.9% stake in German bank WEG. This direct link with the traditional financial world could vastly expand Litecoin’s payment options. Further, Coinbase is pressing their Satoshi-family coins as a means of direct payment. Through integration with prolific e-commerce app WooCommerce, users will soon be able to pay for services using both Bitcoin and Litecoin.

Litecoin reached new all-time highs earlier this year upon the announcement of their LitePay and LitePal services. Theoretically, LitePay would have allowed users to spend Litecoin in the real world – while LitePal will serve e-commerce instead. Unfortunately, LitePay proved itself vaporware within a matter of months and suddenly evaporated as a company. LitePal has yet to come to fruition, but lateral movements like their addition to WooCommerce may make the third-party platform ultimately irrelevant.

Litecoin Acquires Stake in WEG Bank

In the wake of the WaveCrest incident, major cryptocurrency projects have been on the hunt for banks and payment processors willing to fill the vacuum. The head of TokenPay, Derek Capo, decided on a different direction. Rather than attempt to work with banks as a third-party, he sought to purchase a bank directly. Partnering with Litecoin Foundation’s Charlie Lee, Capo made aggressive moves to acquire the German bank WEG. Funded by Lee, TokenPay is in the process of purchasing the entire bank.

However, German law prevents the purchase of more than 9.9% of any banking institution without government approval. While the two companies wait for the German government’s blessing, they are moving ahead with potential payment options that use the existing banking framework.

Litecoin Included in Coinbase’s WooCommerce Plug-In

Coinbase is making waves with an array of unexpected expansions – among which is a cryptocurrency plug-in for the WooCommerce application. WooCommerce powers payment processing on the WordPress platform – one of the world’s largest blogging and website creation services. Serving almost 30% of the e-commerce community, WooCommerce is open-source and provides the framework for a variety of website based shops and features.

The addition of both Bitcoin and Litecoin through a Coinbase funded plug-in will allow the average shopper to use cryptocurrency for most payments. The process is still peer-to-peer – both users will need a wallet – but the functionality it simple and easily added to existing shops. Potentially fulfilling the promises of LitePal’s platform, users will now be able to pay for goods and services on WordPress with Litecoin. This is good news for ‘the silver to Bitcoin’s gold’ and may alleviate some of the concerns in the wake of the LitePay situation.

Article By: Adam Stone

Litecoin (LTC) Pushing for Real World Payments

Asure Software (NASDAQ: ASUR) is Expanding to Meet the Rising Demand for Human Capital Management Software

OLB Group (NASDAQ: OLB) and Cuentas (NASDAQ: CUEN) Team Up to Bring Fintech Solutions to Over 32,000 Bodegas Across the United States

New Purchase Orders for SD7 Rugged Device, VK7, and Other Accessories Boost Siyata Mobile’s Outlook (NASDAQ: SYTA)

Telcoin (TEL) Quietly Leads a Crypto Remittance Revolution

Vision Marine (NASDAQ: VMAR): An Innovative, Revenue-Producing Company Riding the Electric Boating Growth Trend

Decentraland (MANA) is the Proof of Concept for the Emerging Metaverse

Alfi, Inc. (NASDAQ: ALF) Climbs 51% After Entering Into Agreement with Miami-Based Fulfillment & Distribution Center For its Ridesharing Digital Tablet Rollout

Telcoin (TEL) Continues to Demonstrate Fundamental Progress, Displaying Bullish Technical Setup

Grove Collaborative (NYSE: GROV) Expands Retail Distribution Footprint Into 2,200 Additional Stores

The Metaverse is Exploding in Popularity and Growth

Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

Safe-T (NASDAQ: SFET) Has Been Selected to Present at the United Nations’ Office of Information and Communications Technology Event

Safe-T Group (NASDAQ: SFET) Reports Fourth Quarter and Full Year 2020 Financial Results

Safe-T Group Ltd. (NASDAQ: SFET) Estimates Record-High Annual Revenues of Approximately $4.9 Million Representing ~50% Growth YoY 2020

Safe-T Group Ltd. (NASDAQ: SFET) to Participate at A.G.P.’s Virtual Emerging Growth Technology Conference on February 4, 2021

Nvidia Announces New Chip Specifically For Ethereum Mining

Sortis Holdings, Inc. (OTC Pink: SOHI) Announces Results for Second Quarter 2020

Medical Marijuana Coming Soon to Virginia

SushiSwap (SUSHI) Appropriates Uniswap’s Liquidity Pool by Preempting Native Token Release

Europe Shows Signs of Warming to SPACs

Shares of Soleno Therapeutics (NASDAQ: SLNO) Surge Over 500% After Its DCCR Candidate Shows Promise in PWS Clinical Trials

Understanding EBITDA and Adjusted EBITDA: A View Into Asure’s (NASDAQ: ASUR) Recent Financial Performance

From Microsoft to Travel Tech: VCI Global’s (NASDAQ: VCIG) Expanding AI Horizons

Singapore’s Leap into the Future of Cell and Gene Therapies

Asure (NASDAQ: ASUR) Completes Capital Raise to Fuel High-Interest Debt Reduction, Craig-Hallum Analyst Praises Move and Estimates Bullish Outcome

Asure (NASDAQ: ASUR) Reports Massive 50% Y/Y Revenue Growth During Q2 2023, Raises $40 Million to Pay Off High-Interest Debt and Fund Acquisitions

Hanryu Holdings (NASDAQ: HRYU) Introduces AI-powered Assistant, Deok Gom, to Boost Engagement on FANTOO Platform

Tilray (NASDAQ: TLRY) Acquires Major Beer Brands, Poised to Become 5th Largest Craft Beer Brewer in the United States

Asure Software’s (NASDAQ: ASUR) Q2 2023 Financial Results Indicate Robust Growth in HCM Market, Solidifies Strategic Partnership with Vestwell

Campbell Soup Company (NYSE: CPB) Acquires Pasta Sauce Parent Company, Sovos Brands (NASDAQ: SOVO), in a Deal Valued at $2.7 Billion

Recent News

Shares of Soleno Therapeutics (NASDAQ: SLNO) Surge Over 500% After Its DCCR Candidate Shows Promise in PWS Clinical Trials

Understanding EBITDA and Adjusted EBITDA: A View Into Asure’s (NASDAQ: ASUR) Recent Financial Performance

Categories

Site Navigation