Earlier this year, the CEO of Abra Global – Bill Barhydt, said that the firm will choose the network of Litecoin (LTC) for its smart contract investing solutions that will soon be made available for Abra app users. The firm announced it would support deposits and withdrawals of Litecoin (LTC) on the mobile app on May 21.
The app now supports a total of twenty-five digital currencies and more are on the way. They also announced that users can now purchase Bitcoin (BTC) with their MasterCard or Visa on the app. The service supports both debit and credit card purchases from any part of the world via the application or at abra.com.
Litecoin (LTC) Could Soon Be Purchasable with Visa and MasterCard on Abra App
With the previous preference by the firm to use the network of Litecoin for its smart contract investing solutions and the recent development of being able to purchase Bitcoin (BTC) with MasterCard or Visa, it is easy to conclude that in no distance time, the firm will let users purchase Litecoin (LTC) with MasterCard or Visa via the app.
The network of Litecoin is aimed at becoming a backbone in the investment services of Abra that will come in the future. If this works out, it’ll add up to the recent good news and development the blockchain project has had with the 9.9 percent acquisition of WEB Bank via a partnership with TokenPay.
This will cause the value of the coin to increase, and some experts have also predicted that the value of the coin will surpass the $1k level.
Litecoin (LTC) Price Today – LTC / USD
At the time of writing, the value of Litecoin (LTC) is $83.03 after an increase of 5.6 percent over the past twenty-four hours. The current market cap of Litecoin (LTC) is $4.82 billion and its trading volume in the past twenty-four hours is $321.27 million.