Welcome to our bi-weekly roundup containing the most discussion-worthy news content related to Litecoin Foundation (LTC), in addition to a brief look at periodical price movements.
Litecoin Is Now The Official Cryptocurrency Of The Miami Dolphins
In a joint statement released first by the Litecoin Foundation and later the Miami Dolphins (July 16), the two organisations have announced a “unique” strategic partnership which they intend on proving as a “powerful alignment”.
Along with a third key partner, Aliant Payments, the companies will together allow Miami Dolphins customers and fans to pay using Litecoin and Bitcoin online, and across various outlets throughout the team’s home field: the Hard Rock Stadium. Aliant had originally partnered with Litecoin back in April 2018.
This program is set to launch for the 2019 NFL season (September 5 – December 29), although currently the only confirmed integration plans are for ‘50/50 raffle’ ticket purchases.
Half of the proceeds of this raffle will be donated to the Miami Dolphins Foundation, and to the various charities it supports; which includes educational funding and scholarships, and cancer research / awareness initiatives (‘Dolphins Cancer Challenge’).
For Litecoin, it presents the opportunity to
“tap into MD fan-base through in-game branding and advertising opportunities at Hard Rock Stadium” and for “inclusion across the team’s various online properties and digital content.”.
The partnership isn’t the first time that Litecoin has joined forces with a sports organisation, having recently sponsored the highly-publicised UFC 232 heavyweight title fight between Jon Jones and Alexander Gustafsson.
Charlie Lee (creator of Litecoin and managing director of the Litecoin Foundation)
“We’re thrilled to see Litecoin become the official cryptocurrency of the Miami Dolphin, this collaboration propels Litecoin in front of an audience of millions of people around the world at a time where adoption of cryptocurrencies continues to gain momentum and the ecosystem is able to support real world use cases in ways previously not possible.”
“We see this as a powerful way to raise awareness and educate people about Litecoin and cryptocurrencies on a tremendous scale.”
Kim Rometo (Miami Dolphins Vice President & Chief Information Officer)
“The Miami Dolphins are always looking for ways to enhance the fan experience, and this partnership with Litecoin provides the ability for guests to enjoy our 50/50 raffle while donating to a great cause”
Binance Singapore adds ‘Litecoin / Singapore Dollar’ Pair
Binance Singapore has officially launched its first Litecoin trading pair for the country-dedicated platform, LTC / SGD (Singapore Dollar) on July 16. It’s live right now.
The news was broken via a tweet, which concludes with the claim that “More trading pairs will be added in the upcoming days!” although no more announcements have been made as of writing.
It’s an event which coincides with the second year anniversary of the original Binance platform, and comes just six days after the Singapore branch of the exchange platform opened its virtual doors to the public. Back when it opened (July 10th 2019), the only fiat (SGD) pairs available on Binance Singapore were for Bitcoin, Ethereum and Binance Coin.
According to publication Decrypt, prices actually went down after this information was dropped – a situation which writer Tim Copeland attributes to the exchanges low volumes and recent launch. Copeland also mentions that the amount of new users at Binance Singapore has been increasing by 20%, week-on-week.
Litecoin Added To Flexa Cryptocurrency Network, Enabling Payments At Over 39k Locations in USA
Litecoin has been added to the portfolio of payment options New York-based instant cryptocurrency network Flexa offers its customers. LTC joins the ranks of Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), and Winklevoss-founded stablecoin Gemini Dollar (GUSD) – in terms of supported digital assets.
Flexa gives customers the opportunity to store tokens via its mobile app ‘SPEDN’ for Android and iOS, which acts as a cryptocurrency wallet, as well as a means of spending tokens at over 39000 retail locations across the USA. Even major nationwide brands like: Barnes & Noble, Bed Bath & Beyond, Whole Foods Market, Office Depot, GameStop, Lowe’s, and Nordstrom.
To facilitate payment between customer and merchant, SPEDN allows customers to generate a barcode on their mobile device, which can be presented to and scanned at the point-of-sale. This means that no additional equipment is required so each store can, theoretically, support crypto payments on existing hardware.
Cryptocurrency is converted into an intermediary token called Flexacoin (ERC-20) before it is changed into fiat to complete the transaction on the merchant side.
In similar news, Litecoin was also added to a line-up of cryptocurrencies which are now available for customers to purchase goods with at major Australian supermarket chain IGA this month as well – via ‘TravebyBit’.
Charlie Lee (creator of Litecoin & managing director of the Litecoin Foundation)
“I’m excited to see Flexa help push mainstream adoption of Litecoin payments,”
“Being able to pay with LTC at all these new major merchants is great for the entire Litecoin community.”
Charlie Lee – 12th July 2019
This tweet from Charlie Lee is a reply to Donald Trump’s recent online rant against Bitcoin and other cryptocurrencies, and perfectly embodies the community zeitgeist. Since then, the majority of coins have dropped in price significantly.
Trump’s triple-tweet reads as follows…
“I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity……..
“Similarly, Facebook Libra’s “virtual currency” will have little standing or dependability. If Facebook and other companies want to become a bank, they must seek a new Banking Charter and become subject to all Banking Regulations, just like other Banks, both National…
“…and International. We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable. It is by far the most dominant currency anywhere in the World, and it will always stay that way. It is called the United States Dollar!”
Justin Sun – 1st July 2019
Justin Sun hasn’t stopped pumping the hype with regards to the upcoming lunch he is arranging with Warren Buffet, as purchased for a whopping $4,567,888 at charity auction. Charlie Lee was the first crypto comrade invited by Sun, with the promise of more attendee confirmations to come.
His latest tweet pictures Sun in close quarters with Lee, and exemplifies the former’s unfaltering enthusiasm towards not only his brand – but the industry as a whole.
Litecoin (official) – 12th July 2019
In anticipation of the imminent and highly anticipated ‘halving’, Litecoin has officially released the above-pictured t-shirts.
Nobody knows exactly how the community will react to the outcomes of this event, however many who expected a preceding price appreciation have so far been sorely disappointed.
Halving is expected to take place at block height 1,680,000 on August 7th, 2019
Information correct as of 00:15 AM, 19th July 2019