LiteIM Introduces Litecoin (LTC) Payments Through Facebook Messenger’s 2 Billion Users
In recent years, the cryptocurrency community has been pushing for mass adoption with little success within the financial transactions scene. Now with the advancement set to be introduced by LiteIM we may be a step closer to meeting the desired cryptocurrency understanding.
⭐️ Get Started – https://t.co/NXJdKlhagY
— Lite.IM (@liteim_official) October 31, 2018
LiteIM, a Litecoin wallet interconnecting Telegram, and SMS is set to add Facebook Messenger to its list of platforms offering LTC transactions. The Litecoin community portrayed great pleasure with the CTO of LiteIM, Michael Rodriguez making it known the sheer expansion that comes with the Facebook partnership.
In a statement he said:
“It’s pretty huge. As the first crypto on Facebook, that is Litecoin, this opens doors to a user base of around 2 billion people. All over the world! It's only the beginning for us as we have big plans in store.”
The CTO was speaking at the Litecoin Summit in San Francisco this year, where he also noted how easy it would be for users to send their LTC in the future.
He commented to the audience,
“The main point is to bring LTC to the people trying to access it by ordinary means like we do. Our ecosystem will enable banking empowerment to the whole world connecting every network, including phone numbers through SMS and USSD, and people with restricted access to technology or the internet. Instead of having to know someone's Litecoin address, which is cumbersome, you can send to someone with just their phone number or email address in mind.”
The Outcome Of The Collaboration
Potentially, LiteIM is the first successful crypto wallet to get approval from Facebook to land on their Messenger App. As such, LiteIM could be open to serve and expand Litecoin payments on a large and nearly impossible scale. Till now there are no transactions of cryptocurrencies through Facebook or social media, and the situation could change courtesy of LiteIM new service.
On the surface, it will keep users in check with their balances, and transactions through invoices available later developments. The technical side of things will cater to password and user-identity protection to ensure it's a trustless service first and foremost.
What This Means
Already the Lite.IM wallet is allowing Telegram users and SMS-enabled versions to trade LTC with a goal to improve the crypto's awareness and adoption. The new Messenger service could also serve to build Facebook's reputation towards cryptocurrencies with the recent ban on ads related to the industry. Probably in the months ahead, the perception of the general public will become apparent and indicate how LiteIM is received. Overall, this is a positive sign for the crypto industry and social media platforms.
LiteIM is a blockchain startup from Zulu Republic that combines a centralized platform such as interoperability and a user-centric wallet to bring expansion and access to cryptocurrency. Zulu Republic, the proactive company behind the wallet, is a Swiss crypto firm providing the LiteIM users with the capability to interact with Litecoin services through textual commands under their available backend API system.