Crypto.com Adds Litecoin To Its MCO Wallet APP
CRYPTO.com, the pioneering payments and cryptocurrency platform formerly known as Monaco, announced today that Litecoin (LTC) has been added to its MCO Wallet App. Now users can purchase Litecoin (LTC) along with bitcoin (BTC), ether (ETH), Binance Coin (BNB), and CRYPTO.com’s MCO. All can be purchased, exchanged, and sent securely within the app. This lays the groundwork for the launch of the MCO Visa Card. Kris Marszalek, Co-Founder and CEO of CRYPTO.com said: “By listing Litecoin on the MCO Wallet App, we are deepening both the functionality of the app for users and transforming into a go-to, intuitive cryptocurrency exchange platform. We look forward to continually and regularly expanding the variety of cryptocurrencies available to our platform users. Our support of Litecoin marks an essential step in this process as we strive to broaden the audience of cryptocurrency spenders and investors.” Charlie Lee, Creator of Litecoin said: “Litecoin Foundation and CRYPTO.com share a common vision of accelerating the development and adoption of cryptocurrency. As Litecoin moves towards widespread acceptance as currency for a growing number of merchants, I’m excited to see Litecoin support added to the MCO Wallet App and the MCO Visa Card. We look forward to advancing the mission to expand cryptocurrency use together with CRYPTO.com by helping more users buy and spend Litecoins in their day-to-day lives.”
CRYPTO.com, the pioneering payments and cryptocurrency platform, formerly known as Monaco, seeks to accelerate the world’s transition to cryptocurrency. Its MCO branded consumer financial services, including the MCO Visa Card, MCO Wallet App, and MCO Token embrace a vision of Cryptocurrency in Every Wallet™. CRYPTO.com is headquartered in Hong Kong. For more information, please visit: http://www.crypto.com
About Litecoin (LTC):
Litecoin (LTC) traded down 1.63% over the past 24 hours and is currently trading at $76.40 USD. Litecoin had a 24 hour low of $75.60 and a high of $78.54. Litecoin is the 7th largest cryptocurrency by market cap size. Litecoin currently has a marketcap of $4,396,909,911 USD Its 24 hr trading volume is approximately $294,681,145 USD. It has a circulating suppy of 57.7 Million LTC. There is major support around $75 and major resistance is around $81 4-hours RSI (Relative Strength Index) is now Bullish = 27.346 4-hours MACD (12, 27) is in the bearish zone = -1.666
Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.
The Litecoin blockchain is capable of handling higher transaction volume than its counterpart - Bitcoin. Due to more frequent block generation, the network supports more transactions without a need to modify the software in the future.
As a result, merchants get faster confirmation times, while still having ability to wait for more confirmations when selling bigger ticket items.
Wallet encryption allows you to secure your wallet, so that you can view transactions and your account balance, but are required to enter your password before spending litecoins. This provides protection from wallet-stealing viruses and trojans as well as a sanity check before sending payments.
Miners are currently awarded with 25 new litecoins per block, an amount which gets halved roughly every 4 years (every 840,000 blocks).
The Litecoin network is therefore scheduled to produce 84 million litecoins, which is 4 times as many currency units as Bitcoin.
Litecoin (LTC) can be bought with fiat dollars, debit and credit cards on cryptocurrency exchanges such as Crypto.com, Coinbase and Changelly.com and it can be bought with cryptocurrency on exchanges such as CoinEx, Binance, and HitBTC.
About the writer: Ava Lauren
As an expert on cryptocurrency related topics, I've found myself working as a Journalist at TheCryptoCoinCenter.com. I write articles related to bitcoin and other cryptocurrencies. Email me