Daily Litecoin News Update
Yesterday’s Litecoin news update had some bad news. Although none had one thing to do with Litecoin instantly, they appeared to impact its worth. Today’s change is a 180-degree flip from there. I carry you some good news that may brighten up your day do you have to’re an LTC “HODLer.” Here goes:
- A critical service supplier processor merely confirmed it is likely to be together with help for Litecoin funds.
- A South American cryptocurrency commerce launched plans to add Litecoin for getting and promoting.
- The boogeyman is lastly out of the closet. South Korea is not banning cryptocurrency shopping for and promoting.
Allow me to disclose further information on each.
Firstly, funds processor Aliant Payment Systems Inc., which provides suppliers to retailers internationally, has merely added help for Bitcoin and Ethereum on its platform. Good data is that the next cryptocurrency it’s making an attempt to add is Litecoin.
The CEO of Aliant Payments confirmed that Litecoin is throughout the final part of testing and may rapidly become accessible to all of the retailers on Aliant’s neighborhood. Aliant retailers will probably be ready to seamlessly accept Litecoin funds, which is able to probably be processed through Aliant’s point-of-sale (POS) packages. Simply put, this development opens new doorways for Litecoin to attain out to the heaps.
Recall that merely two weeks previously, BTCPay Server—one different service supplier processor devoted to Bitcoin—added help for Litecoin. Meanwhile, we anxiously await the launch of “LitePay”—Litecoin Foundation’s self-created value processor due to be launched subsequent month. In temporary, Litecoin is off to a terrific start in 2018.
Moving on, the second piece of fantastic data is Brazilian cryptocurrency commerce will rapidly be together with Litecoin to its platform. The commerce, Bitcoin Trade, which presently permits solely BTC shopping for and promoting, revealed in a Facebook put up that it’d rapidly be together with Litecoin, Ethereum, and Bitcoin Cash for buying and selling. Although small, the commerce increases Litecoin’s publicity to Brazilian consumers.
And lastly, the most important data of the day is that the South Korean authorities has definitely put to rest all rumors of a attainable cryptocurrency ban.
The authorities has in its place sought particular person data from the nation’s six predominant banks. Not solely will the federal authorities be allowing shopping for and promoting, nonetheless it’ll be regulating and monitoring the realm for taxation features.
It is reported that six predominant banks throughout the nation will probably be accepting accounts linked with cryptocurrency exchanges. The banks will be certain that the authenticity of accounts and help the federal authorities in curbing anonymous shopping for and promoting, money laundering, and illicit shopping for and promoting factors.
All in all, the initiative is predicted to curtail extreme volatility in crypto prices. (Source: “Korean Crypto Exchanges to Share Data with Banks in New Account System This Month,” Bitcoin.com, January 22, 2018.)
To sum all of it up, crypto exchanges merely obtained a inexperienced gentle from the South Korean authorities. The air of uncertainty, which induced the cryptocurrency crash of 2018, will rapidly begin to dissipate and we might lastly have the flexibility to switch on.
All of this data has us excited. We’re hopeful that 2018 will find yourself to be a tremendous 12 months for Litecoin. We’re staying put in our Litecoin worth prediction with a $400.00 LTC worth objective.