Litecoin

In a big push for cryptocurrency adoption, Marks Jewellers, one of the biggest jewellery retailers in the United States, recently announced that they would be adding multiple cryptocurrencies as payment methods. This move is to reportedly expand the reach of the company to reach global proportions. The jewellers decided to add Bitcoin and other cryptocurrencies as a payment method in order to pay lower fees for cross-border payments and avoid pitfalls of centralised payment processing systems such as chargebacks. They aim to capitalise on the blockchain and its poster technology in order to “open Marks Jewellers store to the world”. They announced support for coins such as Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin Diamond (BCD), Bitcoin Gold (BTG), Ethereum (ETH), Litecoin (LTC), Dash and Zcoin (XZC). This marks a big drive towards adoption in partnership with Shopping Cart Elite, an e-commerce platform. Moreover, the business has been functioning for over…

Litecoin prices, which have been having a great year, recently surged to a fresh, all-time high. The digital currency, a fork of Bitcoin, rose to as much as $132.34 earlier today, according to CoinMarketCap. By reaching this level, Litecoin has risen more than 2,950% from its price of roughly $4.33 at the start of 2017, additional CoinMarketCap data shows. Close Relationship With Bitcoin Litecoin, which has risen to several record price levels this year, has been rallying as Bitcoin has also climbed to fresh, all-time highs. Bitcoin, the largest cryptocurrency by market capitalization (market cap), has surged to more than $17,000 in the last few days, according to CoinDesk Bitcoin Price Index (BPI), a measure that draws data from various exchanges. By this measure, Bitcoin prices have risen more than 1,600% year-to-date (YTD), additional BPI figures show. While Litecoin's YTD rise has been far greater than that of Bitcoin, it is worth noting that the tw…

Bitcoin [BTC], Ethereum, Litecoin and many more accepted as payment by Marks Jewellers

Litecoin Reaches New High, Up Nearly 3,000% This Year