Why Litecoin Will Keep Doing Well in 2022 and Beyond
Recent Developments with LTC Crypto
Litecoin has been making news lately in the finance world. In a twist of old finance vs. new finance, Litecoin recently announced via a tweet that it had teamed with VISA to issue a Litecoin debit card.
Litecoin’s virtual card is the only card that stays in Litecoin. The Litecoin balance is converted at the time of purchase in a sufficient amount to cover a purchase with a merchant.
So all you have to do is fund your Litecoin Visa card with a balance in Litecoin. It is sort of like a “secured” debit card if you will. The difference is that you get to keep earning more value in dollars as the value of your Litecoin balance grows.
In fact, you can also deposit Bitcoin, Ethereum and Ripple as well as Litecoin. Litecoin says that the LTC debit card can be used at all digital merchants that use Visa as their payment processor. They estimate this to be about 50 million merchants worldwide.
This is likely to shake up traditional finance as this kind of concept develops within the decentralized finance (Defi) universe.
https://www.msn.com/en-us/money/markets/why-litecoin-is-likely-to-keep-doing-well-in-2022-and-beyond/ar-AAQhFzK