Though the crypto price is headed down recently, the growing number of companies adopting altcoins is a good sign for the long-term sustainability of cryptocurrencies. Recently, Litecoin started a campaign with a goal to get recognized as a go-to payment for both small and medium-sized businesses.
Now, not only did they attract a small player, but they were able to get American-based aviation company TapJets to assess the potential for adding both Litecoin and Ripple to its payment options. However, TapJets dropped Verge after a 3-day Twitter poll. TapJets is already accepting Bitcoin for jet bookings.
On May 15th, TapJets launched a Twitter poll and decided to ask the entire crypto community regarding their preferred crypto payment that should be added to their platform. The poll accumulated around 57,000 votes. Ripple emerged as the definitive winner with 44% while Litecoin was at second with 35% of the votes.
The company then announced that “people have voted, and we have heard their feedback. TapJets will proceed to the technical evaluation of Ripple (XRP) and Litecoin (LTC)”.
However, nothing is final yet. The company is still going to assess how both digital currencies can meet their needs. The company mentioned that “Some of the activity would depend on how agile development teams of XRP/LTC are to our requests. It is our goal to allow TapJets clients to use these altcoins on June 1, 2018. We have been in contact with LTC team already and will be reaching out to XRP team on Monday”.
LTC Getting Adopted and Accepted
If there is any reason for an investor to be happy about Litecoin, it is due to the fact that it is getting accepted and adopted now. Also, the latest news is that Litecoin is now compatible with Blocknet.
Blocknet has a lot of potentials that it can lay on the table. It works to transfer data without going to the central server. And with LTC being Blocknet compatible, this allows the use of coins for cross-blockchain payments. This means that it becomes easier for those who use LTC to buy other currencies and vice versa. And because of this, it is expected by many that there will be a growing number of people using LTC.
Also, you have to add the fact that Gemini, the exchange platform by the Winklevoss twins already plans to add LTC to the mobile crypto wallet Abra. In addition to this, Komodo already mentioned that the exchange platform BarterDEX is now going to have LTC.
There are a lot of things that investors should be excited about when it comes to LTC. It is all due to the fact that there is Charlie Lee who leads everything. Despite the plans that he wants to leave LTC for good in the future, it seems that his leadership is doing wonders for the cryptocurrency.
Though the entire crypto market is down, these are some reasons for you to keep your Litecoin with you. You can expect that there is a chance of having an impending bullish run for the digital currency considering all the projects that the team has been doing.