Litecoin Now Supported by Wirex Wallet
Wirex, a crypto wallet service, announced yesterday that it will now support Litecoin [LTC], making the digital currency the first of a number of altcoins to be added to its wallet app. Wirex is associated with major physical and virtual VISA/MasterCard bank cards, which were pretty much focused on Bitcoin [BTC] transactions.
Litecoin the 6th cryptocurrency in terms of market cap, its extremely fast transaction speed rivaling bitcoin’s Lightning Network. Currently, Litecoin is priced at $145.00 USD, down 6.87%, but it’s still holding up quite admirably considering market circumstances.
Litecoin has made some strong developments over the course of the past few weeks, the $200.00 mark seeming closer than ever.
Wirex decided on adding Litecoin because “It’s faster than Bitcoin, has lower blockchain fees and may become a global payment option available on dozens of big brand websites in coming months.”
With the wallet, users can withdraw Litecoin to any other LTC wallet (including free money transfers or buying items with Litecoin.
The Wirex LTC wallet allows users to instantly exchange the crypto-coin into British Pound [GBP], Euro [EUR] or U.S Dollar [USD] and spend them using the Wirex Visa Card. Litecoin can be purchased via the Wirex account by bank transfer, debit or credit card, benefiting from high limits, complete security, and easy account verification. What’s more, ICO profits can be cashed out with ease by converting it into Litecoin, which can be traded with Bitcoin or the other way around at any time.
In January this year, Wirex was collaborating with Wavecrest, a digital prepaid payment solutions provider. But like many others, their cards became invalid, so they had to end their partnership as Visa told Wavecrest to close all Visa cards immediately.
Visa decided to stop supporting all cryptocurrency-backed cards from its network, as some European issuer did not respect their operating guidelines. In the meantime, the company has been working to begin issuing new cards which support Bitcoin, and now its latest addition- Litecoin.