Litecoin (LTC), one of the most famous and important cryptocurrencies in the market can now be sent using text messages. This is a step forward for mass adoption in the cryptocurrency world.
Today, the Litecoin community has a new milestone to celebrate and be happy about. Charlie Lee informed the information via Twitter on August the 8th.
A bear market is the best time for people to work on adoption.
We build it and they will come. Adoption is key!
— Charlie Lee [LTC⚡] (@SatoshiLite) August 9, 2018
Charlie Lee said that during a bear market, the best what developers and the community can do is to work on adoption. In order to send and receive LTC through text messages or Telegram uses will be able to do it with lite.im.
Using a simple SMS or Telegram message it will be possible for users to check their Litecoin balance in just a few seconds. At the same time, they will be receiving the address for incoming transactions and send money to anyone with a phone number, telegram account or Litecoin Address.
Lite.im has been created by a Swiss non-profit organization known as Zulu Republic Foundation, that aims to advance in the development of decentralized technologies, promote human rights all over the world.
The company explains about Lite.im:
“Lite.im takes this revolution one step further by opening Litecoin up to anyone with even the most basic type of mobile phone.”
And indeed, there are several individuals that are still using old phones in order to communicate because they are cheaper, easy to understand and perfect for non-tech people.
Users will have the possibility to interact with textual commands using the Zulu’s backend LTC APO system. The current available version of the system is able to manage LTC via Telegram.
The company is working day after day in order to make virtual currencies available for more individuals around the world. Litecoin is now the 7th most important virtual currency in the market being traded around $65 dollars. It also has a market capitalization of $3.77 billion dollars.