The cryptocurrency community has been preaching for mass adoption in recent time, now with the availability of Litecoin (LTC) on text message through Lite.im, we seem to be a step closer to our desired “cryptocurrency for all” goal.
Today, the Litecoin community showed a great sense of happiness when the founder of Litecoin, Charlie Lee, made known that LTC can now be sent and received on Telegram and via SMS.
“A bear market is the best time for people to work on adoption. Check out https://www.lite.im. Send and recieve LTC on telegram. Eventually, it will support SMS also. Great work @ztxrepublic team! We build it and they will come. Adoption is key!”
A bear market is the best time for people to work on adoption.
We build it and they will come. Adoption is key!
— Charlie Lee [LTC⚡] (@SatoshiLite) August 9, 2018
The brain behind the idea, Zulu Republic, made known in a statement today that since the beginning, they have been driven by a vision of what the world might look like if the founding ideals of the cryptocurrency revolution were realized.
“Today we take that vision one step closer to reality by announcing lite.im, a new project from Zulu Republic aimed at expanding cryptocurrency access to a wider population than ever before,” Zulu Republic declared.
“Lite.im brings Litecoin services to anyone with even the most basic mobile phone, regardless of whether or not they have access to the internet. With a simple Telegram or SMS message, lite.im users will be able to interact with the Litecoin blockchain, sending and receiving funds from anywhere in the world where a cellular signal can be found.”
The idea will function beyond Telegram, it will be deployed to SMS messaging. However, because Telegram is seen as “the most trusted messaging platform within the cryptocurrency community”, starting with the platform is equal to given the people the opportunity to manage their funds within an environment they are used to.
Telegram also makes transacting in Litecoin as simple as possible for users, with programmable bot commands that require a minimum of user interaction to function.
Zulu Republic sees Telegram as the most secure messenger in the world, denoting that privacy is built in by default. Telegram combined with the Litecoin blockchain amounts to an incredibly powerful payment environment.
Meanwhile, the decision of the firm to use SMS came from the fact that not many countries have full internet support. Even in advanced countries, network fluctuation hinders urgent transactions. In that case, SMS is favourable.
One of the many opportunities of Lite.im is that it makes it easy for those without Litecoin wallet to receive LTC. It also gives room to send LTC to people whose Litecoin wallet you do not know.