Here’s one excellent news for all Litecoin holders! Popular money transfer solution MoneyGram announced that its users will now be able to buy Litecoin from the mobile app.
A jump of 16% in one day!
Integrating Litecoin into the MoneyGram app The crypto markets are famous. In less than 24 hours, Litecoin has already gained more than 16% to $63.75.
Here is a small overview of the evolution of the Litecoin price in the last 24 hours:
This sharp rise allows the cryptocurrency to rise to the 19th place on the podium of the largest cryptocurrencies, with a total market capitalization of 4.6 billion euros. So it surpasses some cryptocurrencies on a large scale such as Ethereum Classic (ETC), Monero (XMR) or Stellar (XLM), but it is still far behind the main cryptocurrencies in the sector as EthereumBitcoin or Cardano.
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Moneygram will allow users to buy, sell and hold cryptocurrencies
MoneyGram’s cross-border transfer solution allows users now in almost every US state and the District of Columbia to buy, sell or hold the 3 flagship crypto currencies : the Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC), through their mobile application.
Good news for the cryptocurrency industryespecially since MoneyGram plans to add other cryptocurrencies to its mobile app starting in 2023.
The cryptocurrency exchange platform provides this new feature Meeting. MoneyGram already has a minority presence in this startup’s capital city of America. We must therefore certainly looking forward to new features in the coming months, especially since the money transfer company has also collaborated with another long-term partner: a starin order to offer users of this network to send Coin USD (USDC) to recipients so that they can subsequently convert them into currencies at an agency in the MoneyGram network.
Litecoin is not dead!
Although the Litecoin placed founded by Charlie Lee in 2011 (also known as SatoshiLite), the weight of this digital currency in trade continues to decrease. The currency now represents 0.44% of the total market capitalization of all currencies (compared to 38.60% for Bitcoin).
With this announcement, Litecoin is not dead and it has just been created again. MoneyGram’s announcement was welcomed by Charlie Leethe founder of Litecoin in a post on Twitter.
As I mentioned during the Litecoin Summit 2022 keynote, adoption is key for Litecoin. So I’m very excited to be able to use it @MoneyGram Buy Litecoin now! Thank you @Counme to do this.
PS Yes, Litecoin is still alive to answer the haters 👇 pic.twitter.com/PI31vbhAqW
— Charlie Lee Ⓜ️🕸️ (@SatoshiLite) November 2, 2022
Charlie Lee advocates for the adoption of his digital currency. He also recalls the need for massive integration of Litecoin into electronic payment systems Widespread adoption of Litecoin to drive in cross-border settlements. the June 7, 2022online payment solution Paypal created a surprise by announcing that its users could now transfer, send and receive Litecoins using Paypal.
Crypto-currency transfer on MoneyGram soon?
MoneyGram International Inc. at the forefront of technology in the field of fintech with services aimed at end customers. This money transfer solution has served over 150 million people over the past five years.
With the integration of historical cryptocurrencies such as Litecoin, MoneyGram seeks to differentiate itself from its main competitors such as Western Union or the online neo bank Wise. But it is also a solution to boost its digital money transfer business.
MoneyGram is not its first attemptsince it was already possible for American users to go to an agency MoneyGram to convert their Bitcoin holdings into cash. The CEO of MoneyGram, Alex Holmes, understands the importance of digital currencies since he himself advocates the adoption of cryptocurrencies.
The company seeks to organize itself to meet the needs of its customers becoming younger and digitally savvy. Integrating cryptocurrencies into its transaction process is also a way for the company increase user engagement with the MoneyGram mobile app. Although its mobile application is available on the Play Store catalog, it only counts one million downloads so far, while Western Union has ten times more!
This new functionality represents anyway for the the company’s willingness to engage in the cryptocurrency industry. It is very possible that MoneyGram will one day decide to integrate new cryptocurrency transfer functionality directly from its mobile application. To be continued!
eToro (Europe) Ltd offers cryptocurrency investment as a PSAN, registered with the AMF. Cryptocurrencies are very volatile. No consumer protection.
More information:
Litecoin forecast: price and price forecast (2022 – 2025)
