A considerable amount of investors and digital currency enthusiasts should be familiar with the campaign of Litecoin for global adoption – PayWithLiteCoin. The ultimate goal of the campaign is to make Litecoin (LTC) an acceptable means of payment anywhere money is accepted.
The campaign has steadily and gradually been gaining attention, and this is a great news for the digital currency. On the 10th of June, Gabriel Francisco of TMT Blockchain Fund said that LTC will be among the first digital currencies to gain mainstream adoption.
From the perspective of Francisco, Bitcoin (BTC) will continue to be used as store of value while Litecoin (LTC) will lead the way for digital currencies to be used as a means of payment.
Litecoin Is Now Legal in Thailand
The battle between cryptocurrencies and governments is a long-standing one, while some nations are completely swerving away from digital currencies, others are setting up regulatory bodies to monitor and regulate digital currencies, and Thailand is one of those countries.
On May 14 this year, a regulatory framework for ICOs and digital currencies to operate in Thailand was announced. It was reported that the Security and Exchange Commission of Thailand will allow seven digital currencies to be exchanged, traded, and used for Initial Coin Offerings in the nation. Litecoin is among the seven digital currencies that were legalized by the SEC of Thailand.
Litecoin Market and Price Performance
The crypto market is presently experiencing one of its most challenging time since its inception. When the value of Litecoin broke the $122.00 trendline a few days ago, the Community of Litecoin were expecting a bullish outbreak, but their expectations were averted by the bears.
Litecoin Price Today: Current Price of LTC
The current value of Litecoin is $133.9 after a decrease of about 4.7 percent in the past twenty-four hours. The digital currency is sitting at the number 6th spot on the list of top digital currencies with a market cap of $6.484 billion.