On the 9th of August, the founder of Litecoin (LTC) – Charlie Lee, announced that user can now carry out Litecoin (LTC) transactions via Telegram – an encrypted messenger app.
Litecoin Introduces a New Feature
The latest feature of Litecoin (LTC) – Lite.im – was built by Zulu Republic, a Switzerland-based blockchain startup. Zulu Republic is based in Zug and the company builds Dapps (decentralized apps). Zulu Republic is an ecosystem of digital platforms developed on the blockchain of Ethereum (ETH).
According to a blog post by the firm, the new feature of Litecoin will allow users to use Litecoin (LTC) services with text queries through the backend Litecoin (LTC) API system of Zulu. The firm said that the private key data isn’t managed by them. Rather, it is secured with the private password of the user and RSA encryption.
In the blog post, the firm said that the new feature of Litecoin (LTC) will first be rolled out on the most secure messenger application in the world – Telegram. The new feature will enable users to send commands to transfer Litecoin (LTC) to an email or a wallet, and also check their balance.
The Future Plans of Zulu Republic
In the future, Zulu plans to introduce Litecoin (LTC) transactions via SMS (text messages) to enable customers with poor internet connection to enjoy the service. The firm added that out of the 64% of people in the world that owns a mobile device, only 33% of them have smartphones with an internet connection.
The firm also said that users will be able to send LTC to those that do not have LTC wallet or those whose address you do not know.
Litecoin (LTC) Price Today – LTC / USD
At the time of writing, Litecoin (LTC) is changing hands at $62 after an increase of about 0.2 percent over the past twenty-four hours. The market cap of the digital currency is $3.62 billion and its trading volume over the past twenty-four hours is $259.11 million.