Ripple (XRP) & Litecoin (LTC) – There is not much going on in the cryptocurrency world this morning in regards to big news or new regulations implemented. Currently, the entire market is sitting just over $430 billion with $22 billion in trading volume within the last 24 hours.
The only news currently circulating that remains unsurprising to most is that Bill Gates and Warren Buffett are still slamming cryptocurrency. Let’s be real here, their wealth can’t be denied, but the two are clearly stuck in their traditional ways. Mr. Buffett was CLEARLY wrong about his initial assumptions of Amazon and Google and has even said so himself. The “FUD” has simmered off after the twentieth comment the pair has made and it seems their opinions have now zero effect on investor confidence.
Let’s take a closer look at a pair of coins just under the green this morning and their latest updates.
There are no new developments regarding the class-action lawsuit filed against Ripple Labs. Since these things take a considerable amount of time, I don’t expect to hear much anytime soon; especially since the SEC ultimately decides the lawsuit’s outcome.
The team behind Ripple seem unphased by the lawsuit as this week they are holding YPO Innovation Week at their headquarters.
Ripple’s CEO, Brad Garlinghouse, spoke at the event and said:
“At its core Ripple is a technology company leveraging digital assets to solve a global payments problem. We believe payments are foundational to any use case so we’re starting there.”
In addition to the innovation week, Korea’s Coinone has joined the Ripple network.
— Ripple (@Ripple) May 9, 2018
Despite the lawsuit, it seems Ripple is still full steam ahead.
At press time, XRP is trading at $0.804 a coin, down -1.42%, in 24 hours.
The Litecoin Foundation is embarked on a new campaign to expand their reach and influence. #PayWithLitecoin and #LiteCoinAcceptedHere are flooding Twitter lately. The goal behind the latest campaign is to inspire businesses to accept Litecoin into their day-to-day operations.
Attention #LitecoinFam Wireless World of Emerson located in Emerson, NJ is now accepting LTC!! @TeamLevine_Jay owns the store and they are offering 15% off all accessories to anyone paying with LTC and they are shipping orders all over the US!! #PayWithLitecoin pic.twitter.com/RyNvr5NaVn
— Jon Moore (@jonnylitecoin) May 8, 2018
Litecoin enthusiast Jon Moore even put together a mock-up for local businesses in his area to integrate Litecoin payment.
Hey @Cinnabon @FOCUSBRANDS this is the type of paper wallet that should be used at every location. Now your employees can get tips. “People have money on their phones it’s called Litecoin” nobody carries cash anymore. #PayWIthLitecoin #LitecoinFam pic.twitter.com/enfqj3DmNx
— Jon Moore (@jonnylitecoin) May 2, 2018
A Twitter user by the name of BitcoinBankster shows that he paid for this lunch at the Brisbane airport using LTC.
— BitcoinBankster ⚡️ (@anarchogardener) May 6, 2018
Still, with all the media attention LTC has been receiving lately via twitter, it still has yet to raise its price. Mass adoption is far more important than its immediate price because the more LTC is used day-to-day, the more valuable it becomes.
At press time, LTC is trading at $157.98 a coin, down -1.29%.
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