HomeTodays NewsLitecoin [LTC] partners with military-grade wallet; another; silver crypto on an adoption spree
Litecoin [LTC] partners with military-grade wallet; another; silver crypto on an adoption spree
May 5, 2019
Litecoin [LTC] witnessed a three-fold increase in its valuation from a low of $32 to scaling beyond $90 in April 2019. This was, however, followed by the altcoin falling below $80 couple of weeks later. Litecoin’s subsequent market recovery and prior market pumps can be attributed to its adoption spree across various institutional space.
In a recent development, Litecoin Foundation announced a collaboration with Cobo Vault, the military-grade hardware wallet. Co-branded by Litecoin, the Cobo Tablet is designed for seamless assembly and provides convenient storage of recovery phrases on Cobo Tablet for its users.
Announcing this latest partnership Litecoin foundation tweeted,
Many institutional players have moved to leverage Litecoin on their platforms which can be attributed to the low transaction fees as opposed to that of Bitcoin.
Litecoin has been successful in providing the merchants with low fees, security and near instantaneous on-chain transactions. It was reported that more than 4,500 players have adopted LTC’s Lightning Network in a bid to bolster the silver altcoin’s adoption.