leadf
logo-loader
viewProactive Group

Litecoin surges in value as is it moves a step closer to mainstream use

A new payment system, Litepay, is being rolled out later this month which will allow businesses to accept Litecoin and customers to spend the currency anywhere debit cards are taken

Litecoin
Litecoin is the fifth largest cryptocurrency

Litecoin prices surged by more than a third on Wednesday as the fifth largest cryptocurrency took another step closer to mainstream use.

Litepay - a new payment system for Litecoin - will allow businesses to accept Litecoin payments, while it will also offer users the ability to “spend dollars anywhere debit cards are accepted, or withdraw cash from any compatible ATM”.

It is due to be rolled out at the end of this month and the price of Litecoin reached an intraday high of US$216 on Wednesday, representing a 35% daily rise.

That move dragged the other cryptocurrencies higher as well, with the number one digital currency, Bitcoin, rising almost 10% to trade above US$9,200.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Metal Tiger on Kitlanya East copper-silver project progress and oncoming...

Metal Tiger PLC's (LON:MTR) Michael McNeilly catches up with Proactive London's Katie Pilbeam after reporting progress at the Kitlanya East copper-silver project in Botswana, operated by Kalahari Metals Ltd (KML). McNeilly explains the potential for the South Fold target to host copper-silver...

2 days, 5 hours ago

2 min read