Litecoin to be Main Payment Coin Soon ?

sirstacksalot (63) · 7 years ago

The problem that I see is that any coin that becomes the main utility coin will soon suffer the same fate as BTC. Over used and under powered.

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dizzynet (54) · 7 years ago

I saw this coming and I think it is well deserved. Transfers with litecoin are fast and relatively cheap making it the best crypto for online payments.

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5 votes

ezimedia (36) · 7 years ago

Wish I bought a load of litecoin back in the beginning of 2017 would be sitting pretty now... I do think 2018 will be a good year for lite coin..

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sleepdeeper (40) · 7 years ago

I wish i bought a load of ltc 2 weeks ago and cashed it out now, but my real world money got delayed, and now it's a bit too late to buy :/

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rjona1 (41) · 7 years ago

I don't think it is not too late to buy LTC. I would think it will still outpace ETH & BTC in price growth for 2018 like what it did last year. Also it is becoming more useful as this article shows

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dhamtex (36) · 7 years ago

This is such a great news. Litecoin is the next best thing to happen to crpto @kingscrown

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captaincanary (58) · 7 years ago

I wouldn't get too excited about it, it's only a mild improvement on BTC technologically speaking. STEEM and EOS technology is able to send free 3 second transactions which is better than LTC will ever be able to do

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americanpoet (25) · 7 years ago

you don't actually see it as an improvement on BTC right????

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captaincanary (58) · 7 years ago

Just a small improvement in terms of tech and scalability

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the-ego-is-you (59) · 7 years ago (edited)

Bitcoin Cash (Z-conf transactions) would work even better, but I suppose would be a lot more controversial so far. Litecoin devs have also gotten a lot closer with Bitcoin LS (BTC) devs and community over the years and that popular and financial support certainly plays in as well when trying to establish stable business channels.

Coinbase and Bitpay payment integrations do make things a whole lot easier across the spectrum though. Dash also has some major things brewing.

So while this obviously is good for Litecoin holders and users, I'm not really jumping up and down thinking I'll use Litecoin for payments in the future.

It's amazing though how well "meme-coins" such as Litecoin, Dogecoin, etc and smart contract platforms utility tokens like Ethereum have done in terms of transactions volume and price. Those same coins could all have been created and run in synergy with Bitcoin and even used as a complement to scaling the main chain, but because of developer decisions were never implemented that way.

Instead we now have them as independent chains, some of which are of course mere jokes and some of which are more serious. This works, but leads to lower chain security and probably some unnecessary need for 3rd parties when transferring cross different chains.

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henryreign (25) · 7 years ago

That's because Litecoin doesn't even scratch the scale of Bitcoin. To get Litecoin, you first need bitcoin, and that bitcoin needs to be transferred to your wallet.

Ofcourse litecoin beats bitcoin, because nobody uses it except investors who swap from wallet to wallet.

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suf1an (57) · 7 years ago

As a whole if we look at it then it is a bad news for bitcoin holders because this way it can again stop the growth of bitcoin but for LTC definitely it is a big news.
I am curious does it has anything related to the move of Char Lee when he sold all his stake of LTC?

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6 votes

cucoraja (45) · 7 years ago

agree bre

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cicbar (67) · 7 years ago

LTC is too slow to be payment coin. If you pay through Litpay you are actually paying with fiat, not with LTC. With LN is instant but BTC is instant also with LN.

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the-ego-is-you (59) · 7 years ago

The difference that is positive for Litecoin is that it still happens on blockchain infrastructure. With LN there is (per current design at least) always the risk that a hub you rely on shuts down either for a short but important time period or for good. You also have to run your own node and lock up money to be able to even receive a payment.

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cicbar (67) · 7 years ago

Agree but LN technology is at early phase. At moment on chain transactions are easier and more secure but I think in future will be different...

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lawerfx (25) · 7 years ago

to be honest the only options here in terms of speed long term are Ripple, Stellar and EOS. I'd say NANO (raiblocks) but clearly having some major issues with scaling. its not the year for LTC it will be the year of the LUMEN!

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cicbar (67) · 7 years ago

Centralized coins like XRP or XLM will never be adopted from real crypto community who fight against centralization. One company own 60% of XRP coins... EOS goal is not to be payment option...

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ghua (38) · 7 years ago

cannot wait :)

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steeminator3000 (74) · 7 years ago

I'm a huge litecoin fan I hope it becomes !

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12 votes

cucoraja (45) · 7 years ago

I don't

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canadianmgtow (41) · 7 years ago

Explain dumbass.

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tamibami (25) · 7 years ago

Me too!

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skycornish (55) · 7 years ago

Either LTC or DASH will be the main crypto for everyday use! My money's on DASH though..

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bluewinter (57) · 7 years ago

MAy be Steem will be...

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grizgal (55) · 7 years ago

Wow litecoin is really starting to come into its own. This could well be it’s year.

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mister.green (49) · 7 years ago

Binance is my favorite exchange to use for altcoins. I also have noticed that
LTC is being accept as payment at a lot of different places.

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4 votes

cryptocoinkb (70) · 7 years ago

I agree with you about Binance. Can you share some of the other places that you seen accept LTC for payment?

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eirik (69) · 7 years ago

Litecoin is seriously on the roll. I love it!

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barne734 (54) · 7 years ago

hopefully when plasma gets done the scaling issues for ethereum will be solved

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oluebubesyd (46) · 7 years ago

they have created Lietepay that will launch soon -

Is Lietepay a typo?

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klye (73) · 7 years ago

I've found myself playing with the idea that LTC may overtake BTC due to the simple fact that it's faster and cheaper to use.

Perhaps we're onto something.. Who knows?!

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3 votes

cryptocoinexam (35) · 7 years ago

Yeah I'm feel'in that way too. I always use LTC for ICO's where possible. I think it could easily go to 2 thousand in a year or two and start to dominate. It's really attractive to new entrants on coinbase when they're facing the raw cost of the other 3 big ones.

Like you said, It's fast as hell and dirt cheap to transact...I love litecoin and always try to store up a little more here and there, especially like when it dipped last month. I kept waiting thinking "it's going a bit lower". I think that was it...I shoulda bought more than a little last month.

Still, at todays prices a good buy if you can hodl for a little while.

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jsquirms (52) · 7 years ago

I am already sending LTC to exchanges and then exchanging it for BTC to use in the exchanges for alt coins, so I could very easily see LTC taking over. Removes a step.

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the-ego-is-you (59) · 7 years ago (edited)

I've personally prefered LTC in the past, but never to hold for the long term considering it's beginnings and community were and are still very familiar to other meme coins such as Doge coin. With Bitcoin Cash now available however there's no reason anymore, for me personally at least, to put my money into chikun coin.

The problem LTC will have unless they up the blocksize eventually is that they run out of space and bump into the same road block as Bitcoin LS. If they then however transition in a similar fashion as Bitcoin LS (BTC) to second layers or perhaps copying also from the Bitcoin Cash (BCH) fork and scale on chain, then obviously it could become a massive alternative unless Lightning Network/the BTC Legacy&SegWit chain has worked out all its issues by then.

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captaincanary (58) · 7 years ago

I'd be incredibly surprised. More likely that EOS or one of the more technologically superior coins overtakes it. LTC is only a minor improvement over BTC in terms of tech.

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cryptolite (51) · 7 years ago

This is a huge step for cryptocurrency because it is a hardware that affects small transactions for day to day living. Most other cryptos are rolling out software with practical use, to make a hardware is a breakthrough. In the long term though, 1% fees is still high for crypto transactions. It is much lower than 3-3.5% visa, but high for crypo transactions if you consider the fact that popular exchanges only charge 0.05% transaction fees. But nonetheless, a great step forward. Well done litecoin! :D

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isnochys (66) · 7 years ago

Yep, LTC could be a real way of payment.
Fast, and cheap.
But...it is still very volatile, as all the cryptos out there.
I don't see the mainstream accepting it yet, when it changes so fast.
To be payment, it has to be stable( maybe pegged?).
But this is so outrageous for most cryptologists :)

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isnochys (66) · last year

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sugarboy (62) · 7 years ago

Litecoin really looking promising.

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kingmotan (51) · 7 years ago

THere is no way litecoin can be a used for micro payments. Too slow and slightly expensive. Let just wait to post EOS lunch and we will then see some serious payment platforms on top of the EOS blockchain

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cendana287 (40) · 7 years ago

When it comes to transaction speed “as is” between BTC and LTC, it’s a no-contest. The latter is definitely more suitable. But there are other coins that are better when it comes to speed and fee. Especially Digibyte and Navcoin.

But we are in early days yet. I believe the big winner will be a platform/service that converts all of the major and significant coins into a “stable coin/token”, which is used as the currency for almost instant transactions worldwide (online and offline) at very small fees. There are many smart people working towards this. Including by NAV developers of their Valence Platform, as well as those related to NEO, QTUM, Cardano and of course, Ethereum. We will get there in due time.

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whenhowwho (56) · 7 years ago

As someone who was in the space since the beginning I never really understood the need for the thousands of coins that have come and gone over the years. BTC was meant for larger transactions and LTC was meant for smaller. It would be nice to see the realization of that finally.

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freenorcal (25) · 7 years ago (edited)

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cyberwarrior (52) · 7 years ago

With the success of lightning transactions and the fact that Charlie Lee works hand in hand with the Bitcoin core devs, I think it is safe to say the two coins are related. Who knows, they may somehow merge to become the savings/checking account model for the world currency. Bitcoin name is "Kleenex" now, everyone who knows Crypto, knows Bitcoin, it WILL continue to dominate the market. @kingscrown

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cryptocoinkb (70) · 7 years ago

As long as Bitcoin can remain the primary reference currency for other coins I agree that it will dominate. If we see a shift to some other reference vehicle, I think Bitcoin could be at risk. Other than that Sat being the metric by which many other coins are measured, what are other key differentiators?

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jdmackenzie (33) · 7 years ago

I have the exact same vision for BTC & LTC; crypto-brothers in arms. With Bitcoin being the first and sold as the store of wealth, and with Litecoin getting more limelight as a method of payment, people will start to use it as such.

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cryptoryno33 (34) · 7 years ago

LTC looks to have a very promising future with more and more adoption. I'm curious which one of these Amazon and Ebay might use. Thank you for sharing. Upvoted and Resteemed by @cryptoryno33
I Upvote all comments!!!

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aburashed (53) · 7 years ago

LTC is a wonderful coin. It will go up next few hours. I hope so.

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rajashekar (25) · 7 years ago

We could see the reason why Litecoin is doubled in last few days. good POST.
Great boost for litecoin lovers and inveters

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full-steam-ahead (48) · 7 years ago

Taking into account speed and cost, litecoin is pretty much the best current option. I been using litecoin exclusively for some time now, it just made more sense to me. Thanks for the read!

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cryptoscout (47) · 7 years ago

After the hard fork on Saterday that I missed as I don't hold any Litecoin. This will all have a positive effect on the value of litecoin. At the end of the day the battle of the crypto's, the one that delivers to its people will be most successfull.

This whole LitePay seems interesting, will take a look at it.

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excy4yaweh (38) · 7 years ago

This is a really great news for those of us that have a load of litecoin...hehehehe. But quite a heart stopper for people who have stored just bitcoin and ETH. As much as I believe in the potential of having a lot of bitcoin and ETH, i have always believed litecoin had a bright future and i was right. Am so glad.

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inciter (26) · 7 years ago

You got a 39.29% upvote from @inciter courtesy of @kingscrown!

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yarwood123 (28) · 7 years ago

Just come across this blog plenty of good info here I recon ltc going ride nice soon I've been bits here and there an hoarding it ready lol

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gduran (70) · 7 years ago

One thing I know for sure, LTC transactions are faster than BTC transactions, cheaper too.

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ramshashahab (33) · 7 years ago

ohh Good News for litecoin Holders!!!!

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altezaalghifary (35) · 7 years ago

Thanks for imformantion

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rifqisteem (43) · 7 years ago

I am interested to follow your post about lithecoin.
Your post is very useful for beginner steemit .
Good job @kingscrown

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preety (43) · 7 years ago

Very good post.

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nicholasmwanje (53) · 7 years ago (edited)

thank you for that great share , it has updated me

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ivanfurqanpurba (69) · 7 years ago

great information

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lpreap (67) · 7 years ago

I'd rather have wished it to be Steem!

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lovejuice (61) · 7 years ago

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pwangdu (57) · 7 years ago

accomplishment & impressed!

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khairuladhar (32) · 7 years ago

thank for news

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muhaimin (33) · 7 years ago

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kaylor26 (31) · 7 years ago

I agree! Love Litecoin as the payment coin of the future and am sure it will happen. Plenty of room in the space for the top coins to serve their niche as well.

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pittsburghhodlr (63) · 7 years ago

Litecoin will be THE payment coin. Replacing Bitcoin as the payment coin and fulfilling the dream of Satoshi Nakamoto. Bitcoin will be more of a store of value or large payment coin most likely. But Litecoin will be very important for digital payments in coming months for many years to come.

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marcuswahl (53) · 7 years ago

If litecoin is being used all the time why would I want to hold on to bit coin, sounds way too risky to me, I think bit coin dominance would erode

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formz17 (29) · 7 years ago

I invested in LTC and loving I was on it

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kimhongbae (25) · 7 years ago

Good

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wealth4good (55) · 7 years ago

@kingscrown - another outstanding post. I would like to find more about Litecoin and you made a complex topic simpler to understand. As you say, Litecoin is a fast payment cryptocurrency and will be used by more and more merchants going forward. Great post - upvoted -resteemed!

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marcuswahl (53) · 7 years ago

Bit coin has the big lead in recognition, isn’t the lightning network gonna fix it? I mean if there isn’t a solution of course we should look to a coin that is cheap to send and fast thoughts?

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zahrul31 (32) · 7 years ago

Litecoin is the best right now. Best way to cash in your SBD to LTC by using @blocktrades. Fast AF.

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dreamrafa (66) · 7 years ago

Exciting news for me!, i am holding some LTC and they are doing good!, also this news may have pumped the price!... go LTC!

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upmewhale (65) · 7 years ago

You got a 10.20% upvote from @upmewhale courtesy of @kingscrown!

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ssjsasha (67) · 7 years ago

I would like to see other coins start getting a lot of attention.
It makes me want to learn more about litecoin for example and see at what % capacity it is running at

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bencomosantander (43) · 7 years ago

Excellent @kingscrown; Thank you very much for your post, Greetings from Vzla.!!!

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josediccus (75) · 7 years ago

It certainly will be a stepping stone for the coin it's been too rumored for terrible things , cheers

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bethwheatcraft (68) · 7 years ago

This isn't surprising, as LTC is much easier to use in trading! I am new to trade and still feel this way! I know that BTC is king and supposedly all that and a bag of chips, but the fees on it are still insane on a lot of exchanges!

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kofibeatz (52) · 7 years ago

I feel that Bytecoin will eventually be the anonymous alternative to Litecoin, due to it's speed, reliability and simplicity @kingscrown. This post is amazing @kingscrown!!! A minute in and you're baking $278. OOOOOOOOWEEEEEEEEEEEEEE It's Christmas all over..

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rizwana (37) · 7 years ago

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iwalphotographer (25) · 7 years ago

Very good

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elear56 (5) · 7 years ago

I think many of your posts have been accepted and I will continue to think

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appreciator (66) · 7 years ago

This post has received gratitude of 1.99 % from @appreciator thanks to: @kingscrown.

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elsteemo (45) · 7 years ago

Litecoin and steem are all i hold

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don.quixote (29) · 7 years ago

I wonder when some token with more utility will finally get higher value than BTC. Litecoin is a contender for sure... I suppose the whole market needs wider spread adoption. What is your opinion?

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gregdoubleg (25) · 7 years ago

I heard about including Litecoin at Amazon Payments.
If IT is true, and will be used at real life Litecoin price will launch to the moon :)

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cryptocoinkb (70) · 7 years ago

This is great news! LTC is my preferred method of moving money among exchanges so it makes sense for it to be integrated as a payment vehicle. My goal is to load up on as much crypto as I can before Amazon announces that they will start taking payments in crypto. When that happens, we will have hit the tipping point.

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edicted (72) · 7 years ago

I'm still wondering if Amazon is going to make their own coin through Ethereum

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cryptocoinkb (70) · 7 years ago

That's a great point. Based on how they do things, I can see them first rolling out with an existing coin and then launching their own coin as they figure out the process. This would sort of mirror how they got into cloud services and how they are in the process of moving from commercial delivery companies like UPS to their own internal logistics systems.

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https://www.cnbc.com/2017/11/01/amazon-buys-crypto-domains-bitcoin-ethereum.html

edicted (72) · 7 years ago

Amazon buys cryptocurrency domains:
amazonethereum.com
amazoncryptocurrency.com
amazoncryptocurrencies.com

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oluebubesyd (46) · 7 years ago

Amazon is definitely preping for the cryptocurrency and blockchain future

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shameem007 (36) · 7 years ago

Lite coin is love!!

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astute-observer (25) · 7 years ago

Been tracking LTC for quite sometime and was waiting for a breakthrough.

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abrahem (38) · 7 years ago

if i say ltc have slow and stuck speed ever for payments then?
Buddy ltc are going to moon but in payments methods it have many issues. Any new thing that obey this method but not any fiat amount. @kingscrown thanks for your awesome posting.

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https://chainz.cryptoid.info/ltc/

ssjsasha (67) · 7 years ago

I am interested to see how Litecoin will handle some heavy traffic, they seem to have lots of room for new users on main net and with segwit, LN, atomic swaps, the future should be bright

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skypointstudios (39) · 7 years ago

I agree with this post. Also, the upcoming Litepay announcement and the Litecoin Cash hard fork coming up at the end of the month is most likely also making Litecoin pump. Either way, it's agreed that it's a great transaction coin.

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prova (55) · 7 years ago

It’s a great information...litecoin is smart....

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myeasin (57) · 7 years ago

Thanks for the news of Litecoin @kingscrown

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monadnock (46) · 7 years ago

LTC has been handy for purchasing Steem for powering up, especially when LTC surges while Steem remains low.

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bitgeek (62) · 7 years ago

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geoffreydemars (50) · 7 years ago

CheapAir adding LiteCoin is a win. Any time a company adds crypto as an accepted payments is a win. Every small step gets cryptocurrency that much more into the mainstream!

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gabriellasam (44) · 7 years ago

hoping for best for litecoin.

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slyguy (33) · 7 years ago (edited)

If you truly believe litecoin will lite the way a bit of a comparison litecoin transaction cost and time are far higher than stellar. Which will make it more like bitcoin, if it sticks around it will be used as a value holder. Quite simply litecoin does not have enough coins for large transactions world wide. While lumens running on the Stellar network is poised to be a transaction coin. Anyone looking to use cryto for purchase will ultimately end up using lumens with a transaction speed of 1000 per second and a cost of less than a penny. Plus the stellar network can scale better and gets faster with higher transaction volumes. You can check it out at www.stellar.org and compare your litecoin research. I believe I am right but only time will tell. I am a holder of both for long term. While most altcoins live on hype and non existant use cases Stellar is up and running with lots of market makers including IBM and very little hype or marketing.

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expertroyal (48) · 7 years ago

True, but I'm only afraid of the double spending. Bitpay uses the api to check if the transaction is in the blockchain. It would be super handy for local business like mine to have an app that uses an API to see check this for other payment cryptos so more local stores like mine can easily start accepting crypto.

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digitalprodigy (26) · 7 years ago (edited)

Thoughts on Litecoin...one thing keeps popping up in my and that is Charlie Lee(founder of LTC) selling all his holdings in LTC just days before crash/dip. To make that even more strange is the dip was then in turn just days before the launch of Litepay. He knew about Litepay but not the drop so why did he sell? Or did he know about the drop? Very well timed for whatever reason, I cannot say.

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scheenbeen (25) · 7 years ago

I know the timing looks a bit odd, but I don't think that multimillionaires like Lee give a sh-t about that few extra bucks with trading

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alexcross (25) · 7 years ago

Cant wait..till then

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fesovel (25) · 7 years ago

I think it will be no surprise if LTC take the lead in the micro transactions sphere. One of the key aspects of the cryptocurrencies is the low fee per transaction, witch in turn I can't say the same thing about BTC or ETH since the networks are clogging more and more this period.

I guess we'll have to wait and see how the new scalability updates on Bitcoin & Ethereum preform, but other than that LTC can take the lead.

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moneylifejuggle (25) · 7 years ago

Litecoin is going to have a strong 2018!!! Love me some Litecoin!

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shawn4745 (45) · 7 years ago

great to shaRE.....THANK YOU VERY MUCH

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nathan047 (54) · 7 years ago

So what happens when everybody's using Litecoin? Won't the Lightening network get overloaded too, or am I missing something?

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sherwoodcrypto (25) · 7 years ago

What is your opinion regarding litecoin cash?

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ahsannwab (30) · 7 years ago

Thanks for this informative post @kingscrown

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philakonecrypto (58) · 7 years ago

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diogosantos (62) · 7 years ago

LTC definitely has potential for it, but I don´t think it can reach the main spot to payments so fast, but if BTC and ETH don´t "get to work" we might be in the presence of a change in crypto payments.

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akbarbadsha (57) · 7 years ago (edited)

It will great for all crypto lovers

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ghua (38) · 7 years ago

great news, ltc is excellent coin, i usually use it as entry point for fiat

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amaltea (25) · 7 years ago

this was coming, I did not think it would be so soon

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allangraves (59) · 7 years ago

Amazing news!

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reviles (34) · 7 years ago

Litecoin wil have a good year :) its already one of the best recovering coins this month.

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pauliusk (25) · 7 years ago

I wonder if Litepay can overcome PayPal or Shopify default payment system in taxes.

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devy (32) · 7 years ago

Litecoin is what I use for transfers the most. Cliff High says LTC will be 1/5 the price of BTC by summer and his summer price projection is $40,000 for BTC. That would have us looking at $8,000 LTC. All because of Litepay? I have no idea but it deserves to have more of the market share than it currently has.

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tobex (47) · 7 years ago

Great information..... It might come to stay.

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grake (37) · 7 years ago (edited)

It's certainly good timing for LTC, but without the addition of a lightning-like layer, it as well will suffer from the same congestion and fee problems if everyone uses it as a payment method.

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kinganima (50) · 7 years ago

Thanks for the info. Lirecoin seems very interesting while btc hangs in the balance.

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