Litecoin Foundation Announced Physical Debit Card

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The Litecoin Foundation has recently teamed up with Bibox Exchange and Ternio to bring customers a special edition Litecoin BlockCard. With this card, the three parties wish to help propel the adoption of cryptocurrencies by allowing customers to purchase goods and services with crypto.

Today, June 19, 2019, The Litecoin Foundation announced that they are teaming up with Bibox and Ternio. With their new card, cryptocurrency users will be able to spend their crypto anywhere in the world where major credit cards are accepted. The card will leverage the already existing Ternio BlockCard platform.

The users of the card will have the ability to deposit various cryptocurrencies. After, they can choose to keep their spending crypto in Litecoin, Bibox Token or Ternio token.

“Bibox has always positioned ourselves as being on the forefront of crypto adoption,” said the Co-Founder of Bibox, Aries Wang adding: “By partnering with the Litecoin Foundation and Ternio we are able to leverage Bibox’s robust exchange platform to help bring consumers more options to spend cryptocurrency with unprecedented ease.”

Bibox Exchange – The Custodian

The custodian role will be played by the Bibox Exchange. Today it has more than $200 million in daily trading volume and it will be the main router of user deposits and spending. At first, the crypto-friendly card will be released only to U.S. citizens, but all the parties promises that “soon after” they will expand the services to non-U.S. Citizens. The credit card will be directly integrated into the Bibox Exchange and LoafWallet which is the official Litecoin wallet. Users using these platforms will get a direct access to the crypto cards and could start spending immediately.

“This is an exciting partnership for us as it furthers the Litecoin Foundation’s mission to create more use cases for spending Litecoin in everyday life,” said Charlie Lee. “Leveraging Ternio’s BlockCard platform with Bibox’s exchange engine gives Litecoin holders unparalleled access to use their LTC at merchants around the world.”

The Litecoin Foundation says that within weeks they will notify their customers on how to register for access to their card. The Litecoin official wallet LoafWallet is available for iOS and Android devices. If you haven’t yet registered on LoafWallet, then do it, because that way you will receive exact updates on when the service goes live.

Has this affected the Litecoin price?

Of course, Litecoin experienced a severe price increase because of this news. Litecoin’s price was $130 around the time of the announcement, and recently it reached a new all-time high of $144. Now, after the weekend, it has leveled out at $135. All-in-all, this year, Litecoin has been one of the top performing assets. The cryptocurrency started this year with a price of $30 and now has grown out to $135. That’s approximately a 420% growth.


Image from The Litecoin Foundation.

Crypto Market Update January 24, 2019

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Let’s look at another crypto market update today. In the past 24 hours markets are back again in the red area. The total market cap is falling, Bitcoin dominance is falling and it looks like we are heading towards yet another drop.

Top 10 coins and tokens

Bitcoin (BTC) stabilized again in the past days at $3,5k. A couple of days ago it saw a slight increase in price when it went up to $3,7k, but that wasn’t for long. But overall Bitcoin is in a constant downtrend. As we can see in the picture below, Bitcoin experienced a couple rather awkward price pumps and dumps. They seem very similar to each other. Ultimately this raises suspicion whether somebody is manipulating the price.

Bitcoin monthly chart. Source:

Ripple (XRP) also is in a constant downtrend. As well as BTC, you can see small similarities in the monthly chart. XRP also is following the same pattern of a suspicious pump and dump (P&D) activities, but with much less activity. Especially when looking at the XRP/BTC line. It is almost intact.

XRP monthly chart. Source:

Ethereum (ETH) saw a little bit of a different movement chart-wise, but also in a downtrend. In the past couple of days, it stabilized in the range of $116 to $119. As we can see, Ethereum also was a victim of a possible P&D manipulation around the same time as BTC and XRP.

Ethereum monthly chart. Source:

Other coins and tokens in the Top 10 are experiencing a similar pattern. However, we found a small, but at the same time large difference between and

Top 10 coins and tokens. Source:
Top 10 coins and tokens. Source:

When looking at the Top 10th position belongs to Bitcoin SV with a market cap of $1,311,997,025, and at the 11th position is Cardano with a market cap of $1,114,076,369. But when looking at statistics we see a slightly different view. Coingecko reports that Cardano is at the 10th position with a market cap of $1,330,353,604 and Bitcoin SV is following in the 11th place with a market cap of $1,299,806,455. As for us, these are just numbers on our screens, this is quite a big difference between these two statistics websites. This raises an obvious question – which you should trust and which should you not?

Coingecko vs CoinMarketCap

The total market cap is calculated by multiplying the current total supply with the price (Current Total Supply * Price). Since CoinMarketCap and Coingecko calculate their prices on their own, this could be an issue of sources used. Coingecko reports that there are 275 exchanges, while CoinMarketCap reports that there are only 234. This could be the reason why we see such small but at the same time a large difference between these two statistics websites. Coingecko goes through a slightly bigger amount of exchanges, therefore, they will have a larger number of daily volume which then gets multiplied with the asset price.

Daily volume leaders

Top daily volume coins. Source:

When looking at the top coins sorted by their daily volume, we see quite a different picture if comparing with the top 10 coins and tokens in general. The daily volume could be a better measure to define which asset is currently the most popular in means of usage. We see that obviously, Bitcoin is the ultimate leader with almost twice as more volume as the nearest follower – Ethereum. However, the picture gets interesting when looking at lower places. EOS in third with $759 million in daily volume, followed by Zcash in 5th with a very close number of $732 million. Litecoin and Dash coming next and the surprise of the day – XRP sits only after them with a $336 million daily volume. These are hundreds of millions of dollars we are speaking about. Of course, we could speculate that a few whales could be manipulating the market, but that is very unlikely.

Top 100 Gainers

Top 100 gainers. Source:

Holo (HOT) is the leader of the Top 100 coins and tokens, flying with +33% and a daily volume of $23 million. It looks like they have revealed their product prototypes of HoloPorts. Otherwise, there is not much info about it on Twitter, only a few trader signals.

PundiX is gaining hard with +13%. They recently had a stand in the Binance Blockchain Event. Reports of very good feedback in Reddit
No other significant news on the top gainers today.

The overall market situation

It looks like we are testing new grounds, hence the sideways movement for the last couple of weeks. Just like when Bitcoin was at $6k we experienced a heavy drop to $3,5k. Many say that we are prepping for a similar action, falling to $2k or even lower. There are a few indicators on this as the total market cap and the top assets have an overall downtrend in the last month. There was an opinion that the bear market is going to continue for about 60 days more. Also, we are soon going to be in the longest bear market crypto ever experienced. 


Market update. Friday, January 11, 2019

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Today we look at the crypto market update. Top coins and tokens are still experiencing a downtrend movement. Yesterday we experienced a massive plunge by all major top 100 coins. In this massive move, about $5 billion were wiped from the total market cap. A Big move falling from $138 billion to $121,9. Now it recovered and is sitting at $123,5 with an uptrend look-a-like. 

Total market capitalisation chart. Source:

Market dominance

As we can see in the below picture, theoretically, Bitcoin dominance looks like is in a continuous downtrend. At the same time, it could be the beginning of the long-awaited recovery from the bear market which started at the start of last year’s March. Ethereum and Ripple are still fighting restlessly for the second most dominant asset position. Also, Litecoin slowly but steadily is gaining its dominance.

Market dominance. Source:

Top coins and tokens

As we can see, all the coins are still following the pattern of Bitcoin. In this context, the market still has room to grow, because this is a significant sign of the market is not mature enough. But anyway, Bitcoin is still showing signs of an active bear market. Bitcoin is down by around -3% with XRP following by -4% and Ethereum closes the top 3 with around -5%.

Top 10 coins and tokens. Source:

Overall, in the top 100, we can see a lack of significant movement. Mostly all coins are in a downtrend or in a sideways movement. Except for cryptocurrency Verge, which is booming today with +26%. They recently announced the second beta version of their mobile iOS wallet which could be the reason for this move.

Top 10 gaining coins and tokens in the top 100. Source:

Top Gainers and Losers

Despite the lack of movement in the top 100, lower ranking coins are experiencing more significant moves. EncrypGen is up +165% (traded on Cryptopia exchange), CariNet +98% (traded on BCEX) and Timicoin + 91% (traded on IDAX). All these coins daily volume for the past 24h is around $200,000 which is very weak and low conditions for hope to actually gain some profits. However, this means that altcoin markets are still alive and if you make a shot in the dark you might actually get lucky. But anyway, we would not recommend to neither trade within these exchanges, nor invest in these assets are they are with a high-risk factor. Invest only the amount of money you are willing to lose.

Top Gainers. Source:
Top Losers. Source:

Top Exchanges

When looking at the top 5 exchanges, we see Binance still as the outright leader of all exchanges. However, the exchange is experiencing a -12% loss in their 24h volume. OKEx is coming as the undefeated second place owner with -3% change in their daily volume. Bit-Z with -12% change in volume comes in 3rd, Huobi with a surprising +20% in daily volume comes in 4th place. The top 5 most popular exchanges close with DigiFinex which experiences only a -4% change in their daily volume.

Top Exchanges. Source:

And yet we ask again – Could this be the last stop before take-off?

All the information was taken from

Litecoin to sponsor a highly anticipated UFC fight

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In an official announcement, The Litecoin Foundation reports that they are about to sponsor a UFC (Ultimate Fighting Championship) rematch fight UFC 232: Jones vs. Gustaffson. This is a highly anticipated main event title match, and it will take place on December 29 at the Forum in Inglewood, California. According to a tweet by Charlie Lee, the creator of Litecoin, the company will have their logo “on the canvas as the Official Cryptocurrency Partner of UFC,” says Charlie Lee. 

Four reasons why UFC

In the official announcement, the Litecoin Foundation stated four arguments why they think this “makes sense” for Litecoin to sponsor such an event.

As the first reason, they juxtapose their communities saying that both, UFC and Litecoin’s success is mostly driven by their communities enthusiasm. “We see many parallels to Litecoin in this way as our amazing community has been instrumental in our growth and providing unwavering passion and enthusiasm that continues to propel us forward,” says in their announcement.

The second reason is that no other cryptocurrency related company has ever sponsored a UFC event. They believe this is a “Milestone for Crypto”.

The third argument is global awareness. Litecoin Foundation confounds that an event of such scale, can spark interest and drive engagement in millions of viewers, who will see the Litecoin logo on the canvas of the octagon.

And the last, fourth argument is the possibilities this brings to Litecoin in the future. The company shares upcoming plans on a “long and fruitful relationship” with UFC. “We look forward to the possibility of doing some amazing things with this incredible organization,” says at the end of the announcement.

The first match

As mentioned above, this is a highly anticipated event, because the first match, citing the official Youtube channel of UFC, is “considered to be one of the greatest fight the division has ever seen.” Jon Jones and Alexander Gustaffson fought all five rounds till the last buzzer. Breathless and looking completely exhausted, they still managed to walk around the octagon like nothing. Jon Jones won that match by a unanimous decision and won the belt. Now it is time for Alexander Gustaffson to fight for his title. You can see the first match here.

Why not?

Litecoin appearing on UFC fights is something like Dragonchain putting their logo on a Nascar. However, earlier this year, Dash also was one of the main sponsors in a similar event. Dash was the main sponsor for Rory MacDonald. He then became the welterweight champion in Bellator championship. Bellator is similar to UFC only not that popular. Dash then gave Rory $250,000 worth of Dash which was more than Reebooks‘ total payout of $165,000 for all the fighters. The company’s head of network operations explains: “There’s actually a monthly proposal cycle, we call it our ‘treasury system,’ and so every month our treasury budget opens and closes, and there’s an amount of Dash that we can use as sort of a positive feedback loop.”

We can only imagine what Litecoin is paying UFC for this.

Not sure about the resemblance of the communities, but they could be right. Lots of young men like to watch UFC events and sports in general. And that mainly is the cryptocurrency audience. Is that something that is desperately needed? Not for me to judge, but this definitely could be the right time. Because crypto is in a total bear market, and so is the stock market. The stock market is experiencing almost the same lows as the crypto-market. So this could be the right time to lure in investors, venture capitalists who like to watch UFC. 


Photo by Wikimedia Commons

The largest crypto transfer ever recorded.

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Just recently, Coinbase managed to move, what they claim to be, the largest crypto transfer ever recorded. They published this announcement in their blog. 

“To our knowledge, this is the largest movement of cryptocurrency (certainly in USD terms, potentially in absolute terms) ever undertaken,” they write.

According to the article, Coinbase moved 5% of all Bitcoin (BTC), 8% of all Ethereum (ETH), and 25% of all Litecoin (LTC) in the market. Also, along with this party, “many other assets” contained this significant transfer. Altogether, that sums up to be around $5 Billion. They report this was an on-blockchain transfer.

New storage systems

Coinbase moved these assets from a Generation Three to Generation Four of cold storage infrastructure. The Generation Four infrastructure begins with a “highly controlled and audited key generation process and continues with a globally distributed key storage and transaction approval system.”

Further, they elaborate on how Coinbase has solved cold storage issues over time. For example, their first interpretation of cold storage, back in 2012, was multiple keys in a safety deposit box. That was fine at that time. But “as asset values increased and cryptocurrencies started to diversify, we needed to build a system that ensured broad consensus on movements from cold storage and could flexibly support many types of assets.”

Coinbase’s solution to cold storage key safety in 2012. Photo taken from


Coinbase is a large company that holds a lot of investors money. They have to evaluate all the risks that might be occurring. Coinbase says that early in the process they identified a few possibilities that might be happening. One of them, according to Coinbase is, “the potential for our migration to be mistaken for an exchange breach or a large trader preparing to sell a significant amount of cryptocurrency. Either way, we were worried that the market uncertainty would result in price movements.”

They also predicted that hackers might plan for an attack during the migration if Coinbase would give out too much notice. 


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With Christmas approaching, cryptocurrency markets see red candles.

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After a snowy weekend, December 3 hits the calendar, and unwillingly, to all the cryptocurrency traders this makes them reminiscent about the bull run we experienced last year. One year ago, we thought that this was the major crypto adoption, and some of us couldn’t see how that could be going somewhere else, but up. ICOs were booming, influencers were in the head of the game, and it almost seemed like you could invest in any of the projects that came out because a x10 profit was self-evident. 

Nothing of that can be said about this December, as we open up, and yet again we see only red accents. Market cap was three times larger than now, and already we can see some significant changes in the top 10 most popular crypto-top

Exactly one year ago

bitcoin stock market crash

As we can see, the picture back then was a lot brighter than now. Bitcoin was trading at $11,176, Ethereum was the second largest cryptocurrency, Dash was nr. 5 and BitConnect was still scamming people like nothing. Monero, Bitcoin Gold and IOTA have left the top 10 after a year, but at the same time, Stellar, Tether, EOS and Bitcoin SV have replaced them. You might want to think that there’s nothing changed, but the positions of some cryptocurrencies, but think again.

If we look at the current market cap for each coin which has remained in the top 10 list, we see a staggering decline in value. For example, Bitcoin’s market cap on December 3, 2017, was $186,851,799,628, comparing to today’s $69,929,197,213, which is almost three times less. You can observe the following with other cryptocurrencies as well. Litecoin had $5,443,078,362, but now rests at $1,915,803,929, also, three times less.

The good thing

Let’s not talk about only the bad things we get from these last year statistics and let’s focus on more positive things. For example, the first thing that we can see is successful projects and cryptocurrencies which endured the year-long bear market and managed not only to develop their idea further but to maintain their community’s interest in the project.

The other rather positive thing is that if we look at 24h volume for each coin and compare it with last year, you can see an increase despite the price fall, despite the market cap, which would lead us into thinking that cryptocurrencies today are used more than they were a year ago. Bitcoin’s 24h volume today is $5,164,916,673 which is shy of a billion larger than a year ago when it was $4,826,067,051. Interestingly enough, Ethereum has seen the biggest increase in 24h volume, despite all the FUD whats revolving around it. Last year Ethereum circulated $822,953,290 in volume, but today $1,867,401,151. That is a little over one billion more, which makes you think – then where is all the money at? Ethereum is the absolute leader in increased volume throughout one year.

However, the significant volume increase only applies to the top 3 coins we see today. Others had a minimal increase, some a minimal decrease.

If we made a competition on who lost the most volume in one year – it’s obvious who’d win. BitConnect!

bitcoin stock market crash 2018

Markets today

As mentioned above, today cryptocurrency markets are coloring the picture red, with rare green accents. Bitcoin is trading at $4,017; XRP at $0,36; Ethereum at $113,53 and Stellar, which recently jumped to the no. 4 position going pass Bitcoin Cash, is trading at $0,15. The bear is still winning over the bull, and it doesn’t look like some time soon this is going to change. One of the most surprising assets is Bitcoin SV because in only a couple of weeks it has managed to jump in the top 10 most popular cryptocurrencies and takes a decent share of the market.

However, the good thing is that volume is increasing, and Bitcoin is still the king of crypto, it’s dominance since last year has fallen by only 3%. We need to reconsider how this past year has affected the crypto market, either yourself as a trader/hodler/enthusiast. Can we learn from past problems or not? That is the question. If another bull-run emerges – are we also going to be as blind as during the previous one? Hope not. 


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What is happening with the market?

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Lately, we have seen only red accents when looking at, or any other cryptocurrency statistics website. Although today the market is looking a lot greener, the general perception of an incoming bull-run hasn’t changed much. There has been a lot of FUD in the crypto community as a lot of bearish tweets of getting out of cryptocurrencies and selling everything have become quite popular. 

On the other hand, the Bitcoin Maximalist camp is looking at this pretty positively, justifying that “many sh*tcoins are dying out,” which, in their opinion, is a particularly good sign. It leaves room for Bitcoin to grow. Whether this is true or not, no one knows, but the fact is that most of the ICOs and cryptocurrency projects from last year have lost 95-97% on average from their all-time high (ATH). 

Top losing altcoins

Source: OnchainFX

In the picture above you can see the top 15 of those coins which have lost the most value. As we can see Zclassic, GameCredits and Ethos are the top losing projects, having lost 99% in value. When looking into Zclassic twitter page, it was surprising to see only 1,862 followers. Their activity also is feeble. The last retweet (not even a post) was published on September 7. Also, there has been only 2 GitHub commits in the last 90 days. That all could lead up to an abandoned project.

However, GameCredits has working products like G-Nation which includes G-Play and G-Share. Their mission is to build a worldwide community for gamers and game publishers. However, looking at the price of GAME it looks like they are not doing that well. Especially, if users can purchase games with GAME, or earn it while playing. It looks like it’s not rather profitable for users to use it. Also, only 10 commits on GitHub in the last 90 days. On the other hand, their Twitter page is booming with followers (30k), and they are continually publishing their updates on the GameCredits Foundation. However, the fair point is that GameCredits are competing with an already established industry leader – Steam. Also, NEO (NEO) and TRON (TRX) are entering the blockchain gaming industry, and those are huge companies. How is that going to work out for GAME – we’ll see.

Speaking about Ethos, they have plans to build a universal wallet for all the cryptocurrencies available — kind of what Coinbase has now. Moreover, their internal token – ETHOS, was supposed to be a facilitator of the platform, by mainly reducing fees and allowing users to access certain services on the platform. Ethos also has lost 99% from their ATH. They claim that 60k users are using their platform with almost 1000 joining in every day. However, the thing is, they are planning to implement a fiat gateway with multiple features, which would lead up to thinking that their token might be dying out.

Bitcoin likes bear markets

Overall, the picture looks dreadful. The question is, whether the investors, who helped these projects to raise money, will ever get their return of investment. That is a good question which possibly is asked multiple times during the day. Especially after these bear moves, the market was performing in the last couple of days. These lows don’t necessarily mean that the market is dying out. Cryptocurrency markets have experienced multiple bear markets, and there is no sign that this should be the last one. The history shows that each one of the previous bear markets leads to even higher prices and larger market caps. Whether this is also going to be like that, we can only wait and guess.

The fact is that by each of these bear markets, the bitcoin price has retreated to a previous all-time high. As we can see in the picture below – this looks exactly the case. Now the question is – whether it might fall even lower – to a different previous ATH. Bitcoin price could fall to a $2000 mark or even lower – to a $1000 mark. Because if we remember, the rise from $1000 to anywhere around $4000 was pretty quick, so we wouldn’t be surprised to see even lower price setbacks.

The market

When looking at how this past year has been treating us – the picture is not so confident as we intended it last year. This was supposed to be the year of privacy coins, but that seems to be postponed till next year. The good thing is – this year has boosted the Bitcoins dominance over other cryptocurrencies. It survived the lowest point of 32% in January when the bear market emerged. Now resting at 53-54% for quite a while. It almost looks like it soon could reach the highs of December 2017 when it was around 67% continuing in a pace like this.


A few things that fall into our eyes are that Ripple has overtaken Ethereum in market dominance by almost 3%, which has happened only a couple of times in the history of Ethereum. Also, we can see that Bitcoin Cash is losing dominance pretty steadily and Litecoin somehow stays stable around its 1,5% market dominance.


The overall cryptocurrency market cap also had dropped quite significantly from its peak in January when it was $829 billion. Currently, it has suffered a severe drop from $210 billion to $130 billion in these last days. It was going sideways for about three months and now seeing this big of a decline, still kind of draws the descending pattern.

So when bull?

This is probably the most common question among crypto-supporters, and no one can quite answer it. The fact is that after a month we will have suffered a year-long bear market. Is it going to continue? The most realistic outcome in our mind would be that Bitcoin keeps loosing price, but gaining dominance. This bear could stop at $1100, and it also could stop at $2000. By all means, this is just a speculation. The price will rise when people start buying Bitcoin. What will be the most appealing price for people to start buying it? Also, at the moment, assets on this market are not individual. They all fall under Bitcoin, and if Bitcoin price ascends, altcoins follow. So we all have to wait for Bitcoin to make a move. 


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The worlds first Multi-crypto ETP!

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This week, Switzerland’s leading stock exchange, SIX Swiss Exchange, will list the worlds first multi-crypto ETP (Exchange-traded product). A Swiss startup Amun AG backs it. Its index is HODL5, hence the five cryptocurrencies being tracked in it. The stock exchange itself is the fourth largest stock exchange in Europe with a market cap of $1,6 trillion. 

What’s in it?

Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC) will be the HODL5. The index will be split up between these five cryptocurrencies. Bitcoin will cover more than 50% of it, whereas Ripple will cover 25,4%, Ethereum 16,7%, Bitcoin Cash 5,2%, and Litecoin 3% of the HODL5 index.

Amun AG

The German index unit of investment management firm VanEck is managing the worlds first crypto-ETP. Amun AG is a daughter company of Amun Technologies, based in Zug, Switzerland. However, Amun Technologies is a fintech company. It had announced in early September this year, their plans to introduce this crypto-ETP. The upcoming HODL5 ETP is organized in a way that it complies with the same strict policies that are required by the traditional ETPs.

Thomas Zeeb, the head of securities and exchanges at SIX said: “The existing system could be completely replaced by the digital exchange in about ten years.” Zeeb is convinced that blockchain-based digital exchanges will replace the existing ones, because “The moment that brokers, banks, insurance companies, and big asset managers see the cost advantages, they’ll move relatively quickly.”

What is an ETP?

An exchange-traded product (ETP) is a regularly priced security which trades during the day on a national stock exchange. ETPs may embed derivatives, but it is not a requirement that they do so and the investment memorandum (or offering documents) should be read with care to ensure that the pricing methodology and use (or not) of derivatives are explicitly stated. Typically, individual underlying securities, such as stocks and bonds, are not considered ETPs.


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You can buy luxury headphones with crypto!

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We have found yet another marketplace, where you can spend your crypto! is a family business, run by two brothers, which accepts cryptocurrency payments!

Their primary goal is to deliver the customer the best sound experience for the best price in the market.

Accepting crypto for headphones

Cryptocurrency payment options within the website.

Judging by the twitter profile of Andrew Lissimore, the CEO of, the two co-working brothers have been early Bitcoin investors. Andrew is continuously endorsing cryptocurrencies and blockchain technology in his twitter profile. They started accepting Bitcoin in early November 2017, and now they have grown to multiple cryptocurrency payment options. They accept Bitcoin (BTC), Ethereum (ETH), EOS, 0x (ZRX), Litecoin (LTC) and more cryptocurrencies. 

The business model

Their business insists on five significant principles. They guarantee that their product will always be 2% cheaper than any other product on the market. However, there are a few occasions when they can’t beat the price. Then they will let the customer know, that their competitor has a better rate. Next, they provide fast and free shipping. will delist any product that gets terrible reviews from the customers, that way they only sell a product that their customers love.

Possibly the best thing which sets this company aside from similar ones is the fact that the time to send the product back and ask for a refund is a full year!

Moreover, they are constantly improving their online store to meet its customers best expectations.

It’s common to see self-made businesspeople accepting cryptocurrency payments within their companies. They are young, and they share almost the same ideology than crypto – getting rid of the middleman. Also, this state-of-mind kind of brings cryptocurrency and everything related to it together with these kinds of people, that are willing to do good for the society.

Keep them crypto-friendly businesses coming!


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LiteIM is growing its way to Facebook.

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Yesterday, November 1, Line.IM, which is a Litecoin (LTC) wallet for transacting LTC through SMS and Telegram, has added Facebook Messenger to their list of supported platforms. 

Zulu Republic, a Swiss Based crypto company, is the company behind LiteIM. They shared their plans on delivering this service to all social media platforms, instead of creating their own. LiteIM has no control over users private keys. The user has full control over his assets.

Mass adoption of Crypto

That is a massive step towards crypto mass adoption as Facebook has a user base of 2 billion people.

“The main point is to bring Litecoin to the people who don’t have access to it by ordinary means like we do. Our ecosystem enables banking empowerment to the whole world, connecting every network, including phone numbers via SMS and soon USSD, to people with restricted access to the internet or technology,” says in their official Medium post.

LiteIM is the first service related to crypto to land on Facebook. That is interesting as Facebook has an outright ban on all cryptocurrency advertising. That could be a sign that Facebook is preparing for something big in the future.

Connecting people with restricted access to the internet

While Telegram and Facebook Messenger functions work all around the world, SMS feature only works for residents in the U.S.

We reached out to the CEO of Zulu Republic, Daniele Sestagalli, and she shared that they are working on delivering USSD (Unstructured Supplementary Service Data) LiteIM to Africa. USSD is a “communications protocol used by GSM cellular telephones to communicate with the mobile network operator’s computers,” says Wikipedia. That means that people with restricted access to the internet will be able to use the service.

The Practice

Best Coin Investments were super excited about such an opportunity, so we decided to test it out. Since we are outside of the U.S., we couldn’t test out the SMS feature.

When visiting their website, on the top left corner is a link which will open up Telegram. From there starts a chat with the LiteIM bot which will ask for an e-mail address and your mobile phone number. You will receive a 2FA code which you need to type in Telegram, and your account will be set up. You will have multiple options like send, receive, check your balance, see your transactions, export wallet, change the password, change e-mail, all done through Telegram. The same applies to Facebook Messenger.

Facebook Messenger

One thing which is not mentioned in the LiteIM posts and website is that the person you are willing to send the LTC to also needs to register their e-mail or phone number within the LiteIM service. I believe most of you will take this for granted, but I just needed to clarify that.

The Future

Zulu Republic has plans to expand to all social media platforms. They want to meet the users where they already are, instead of creating yet another social media platform. LineIM could soon be growing out to WhatsApp, Line, and Kakao. Also, they want to supplement the already available features with the ability for users to purchase and sell LTC as well.


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