Thursday, February 25, 2021

Charlie Lee Lists Seven Great Litecoin News the Community Would Find Interesting

Charlie Lee, the creator of Litecoin (LTC), has recently taken to Twitter with the list of seven most significant Litecoin news that would interest the teeming community members.

Lee tweeted, “Tons of great Litecoin news recently. • Litecoin Visa card • Grayscale Litecoin Trust (LTCN) • Privacy/fungibility with Mimblewimble testnet soon • Hashrate up 50% this year • Transactions up 100% this year • Total addresses up 400% since Aug 2017 • $500M sent per day.”

The First Litecoin Visa Debit Card

About four days ago, BlockCard announced the launch of the first Litecoin (LTC) native Visa debit card.

Speaking with Cointelegraph about the new development, Charlie Lee said, “We previously worked with LitePay on a debit card but that failed when LitePay went out of business.”

“There are other crypto debit cards available today that support Litecoin, but they only support funding with LTC. This card is natively LTC, so funds are kept in LTC until you swipe the card.”

“There are other crypto debit cards available today that support Litecoin, but they only support funding with LTC. This card is natively LTC, so funds are kept in LTC until you swipe the card.”

With the Litecoin Visa Debit Card, users will be able to make deposits in 12 of the top cryptocurrencies, including all the major stablecoins.

Trading To Commence For Grayscale Litecoin Trust

Grayscale Investments, the largest digital currency asset manager in the world, announced that Grayscale Litecoin Trust has received DTC-eligibility.

So, eligible Shares of Grayscale Litecoin Trust will be available to trade on OTC Markets under the symbol LTCN.

Privacy with Mimblewimble testnet soon

Another great news for the Litecoin community is the progress recorded on the much-anticipated Mimblewimble. According to Charlie Lee, the latest development about the realization of privacy on the Litecoin network is that the launch of Mimblewimble testnet is around the corner.

The rest of the great developments within the community include a significant increase in Litecoin hashrate and transaction year-to-date.

Charlie Lee also added that the total addresses on the Litecoin network surged by 400% since August 2017, coupled with a record of $500 million LTC transactions per day.

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Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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