Digital currencies are going global and the adoption of cryptos as a means of payment is increasing every day. Researchers are continually looking for more use cases for digital currency and how to best utilize them. Recently, John Moore – Litecoin Foundation merchant advisor talked about how Litecoin (LTC), Bitcoin (BTC), XRP, and other digital currencies can be stabilized and used for daily purchases.
A lot of merchants across the globe are now accepting Bitcoin (BTC) and other digital currencies as a means a payment. Some money processing firms have also adopted the system because of their speed, efficiency, and cost-effectiveness.
Cryptocurrencies Can Be Stabilized for Everyday Payments – Litecoin News Today – Litecoin Halving 2019
Litecoin (LTC) is one of the most adopted digital currencies when it comes to everyday purchases. The digital currency has been adopted by several merchants across the globe. The creator of Litecoin – Charlie Lee – has also been working towards the global adoption of the digital currency. Lee has achieved a considerable level of success over the past years. John Moore also believes that digital currencies such as Bitcoin (BTC), Litecoin (LTC), and other top coins can be made stable for use on day-to-day purchases. In a video, Moore said:
“A lot of people say, Johnny, Bitcoin (BTC) is never going to be a good payment system because of its high volatility rate. That is why we need Facebook’s Libra coin, Johnny. That is why we need stablecoins, they say. Guys, we have already solved this problem.”
To use LTC and other digital currencies for day-to-day settlements and to get merchants to start accepting digital currencies as a means of payment, the Litecoin Foundation merchant advisor talked about how POS platforms use software that can process digital currency transactions instantly. He explained how the software converts Bitcoin (BTC), Litecoin (LTC), and other digital currencies into fiat currency immediately the merchant has finalized the payment.
This payment method bridges new digital assets with old money. It allows users to spend digital currencies in the real world. It also allows merchants and business owners to receive dollars simultaneously. This eliminates concerns regarding the exposure to Bitcoin (BTC) and the high level of volatility for digital currencies in the market. The merchant advisor of the Litecoin Foundation said that Aliant Payments – software solution – is one of the numerous firms that are addressing and promoting the use of digital currencies as fiat money.
Litecoin Price Analysis – Litecoin Price Prediction 2019 – Litecoin Halving 2019 – Litecoin News Today
The digital currency market is currently deep in the red zone. Some digital currencies have lost as much as 30 percent of their values over the past twenty-four hours. Bitcoin (BTC) is struggling to hold gains over the $10k level. The price of Ethereum (ETH) is down by more than 10 percent over the past twenty-four hours.
The price of Litecoin (LTC) is also deep down in the red. At the press time, LTC USD live price is $88 after a decrease of about seven percent over the past twenty-four hours. The current market cap of the digital currency is $5.54 billion, with a trading volume of $3.94 billion over the past twenty-four hours. Litecoin (LTC) has been holding gains over the $100 mark. However, the digital currency failed to hold that line and plunged below the $90 cents support level until it tested a low of $84. The $85 mark is the current support level of Litecoin (LTC). On the upside, LTC is facing a stiff hurdle at the $90 mark.