The adaptation of cryptocurrencies is particularly important to strengthen confidence in the new technology as well as cryptocurrencies themselves. Thanks to a new project, Litecoin which can now be sent and received via SMS messenger.
Yesterday, Charlie Lee, founder of Litecoin, announced that a bear market is the best time to push ahead with the adaptation of Litecoin. He announced via Twitter that with the help of the project lite.im Litecoin can be sent on telegram and received.
Lite.im is a Zulu Republic project that aims to help the Litecoin community achieve greater critical mass. It relies on telegram to reach more than 200 million users worldwide. The upgrade to send and receive Litecoin via SMS is currently under development.
According to an official blog post, anyone with a mobile phone can use this service:
With a simple telegram or SMS message, lite.im users can interact with the Litecoin Blockchain and send and receive money from anywhere in the world where a mobile signal can be found.
Zulu has built a backend LTC API that allows text commands. In the first telegram version, the bot can send commands to users, e.g. check Litecoin account balance, track a Litecoin address or send and receive LTC.
Lite.im does not store private keys and is committed to providing the highest level of security for all the users through RSA encryption. Since the project is still in its infancy, there may still be bugs in the application. The project will drive the adaptation of Litecoin. Whether it can sustain itself in the long term, is a question as of now.
The course of Litecoin occurs on the spot with a development of – 0.43 percent to a price of 63.68 USD. With a market capitalization of just under $ 3.6 billion, Litecoin occupies the 7th place among the largest cryptocurrencies worldwide.