Li Qiwei: The bear market is the best time for people to put into use.
On August 9, Litecoin founder Li Qiwei released a tweet saying that Litecoin can now trade Telegram via encrypted messages:
The bear market is the best time for people to put into use. Open https://t.co/Ua8LQz9f4h and trade LTC on Telegram. We will eventually support SMS transactions. @ztxrepublic Your team has completed a pioneering work! We built this feature and the user will use it. Application is the key!
– Li Qiwei [Lite Coin] (@SatoshiLite) August 9, 2018
Litecoin new features Lite.im by the block chain development startups Zulu Republic. The company is based in Zug, Switzerland, developing a distributed application (DApp) to build an ecosystem on the Ethereum blockchain digital platform.
According to the Zulu blog, the new Litecoin feature allows users to use the Litecoin service via text queries via the Zulu terminal’s LTC API system. Zulu emphasizes that private key data is not managed by the company, but is secured by RSA encryption and user personal passwords.
Lite.im will allow users to send requests to check their current LTC balance, send LTC to the wallet or an email address. In the future, the company intends to introduce LTC transactions via SMS (SMS), allowing customers with poor network connectivity to operate on the Litecoin blockchain.
The startup said that 64% of the world’s population has mobile phones, and only 33% of them have smartphones that can connect to the Internet. Zulu emphasized that the upcoming features are distributed in nature, indicating that their target users are in countries where “Internet connectivity is scarce, networks are censored by authoritarian systems, and most of the population is marginalized by traditional financial systems”.
The statement also mentioned that users will be able to send litecoin “to those who have not yet litecoin wallet, purse or you do not know the address of the person, even those who do not know how to use encryption currency recipient.”
Litecoin is the seventh cryptocurrency in the current market capitalization and is an open source project released in 2017. The basic idea of the digital currency is to provide faster and cheaper transactions than mainstream Bitcoin . At the time of the article’s release, the LTC transaction price was around $64, and it was as high as $351 in the heyday of December 2017.
The Information Presented Here Does Not Constitute Investment Advice Or An Offer To Invest. The Statements, Views, And Opinions Expressed In This Article Are Solely Those Of The Author/company And Do Not Represent Those Of Coinworldstory. We Strongly Advise Our Readers To Do Your Own Research (DYOR) Before Investing In Any Cryptocurrency, Blockchain Project, Or Ico, Particularly Those That Guarantee Profits. Furthermore, Coinworldstory Does Not Guarantee Or Imply That The Cryptocurrencies Or Projects Published Are Legal In Any Specific Reader’s Location. It Is The Reader’s Responsibility To Know The Laws Regarding Cryptocurrencies And Icos In His Or Her Country. Please Respect Your Country Law & Take Advice From Your Advisor .