Litecoin Taking Over The World!
Okay, admittedly that headline is a bit dramatic...but Litecoin has seen amazing growth in both price and popularity recently. If you read my blog regularly you know I love LTC, so I was super excited when I read a press release about the spreading of LTC ATMs!
"Reports have indicated a strong recent rise in the number of litecoin ATMs globally. According to coinatmradar’s report, there over 50 cryptocurrency ATM terminals that received installatation of litecoin integration last month."
"The number of cryptocurrency ATMs supporting litecoin worldwide is reported to have more than doubled last month. According to coinatmradar, the total number of litecoin atms is now 91 units – comprising more than 90% of the terminals that support a cryptocurrency other than bitcoin. According to the next most supported altcoin is ethereum – with 13 terminals supporting ETH, followed by Dash with 7 terminals, and Dogecoin with 5."
"The majority of litecoin ATMs are situated in the United States. In recent months, Bitcoin of America added LTC capabilities to 19 cryptocurrency ATMs, Rockitcoin added litecoin to all 40 of the company’s atm terminals, and Athena Bitcoin added LTC transaction support to 10 machines. At present, the US markets account for more than half of the world’s litecoin integrated cryptocurrency ATMs."
There was also a great little article in CoinTelegraph about new LTC ATMs in Toronto! Next time I go to Toronto I am definitely going to try and fit testing out the LTC ATM into my schedule!
"Canadians can now transact in Litecoin with LocalCoinATM Bitcoin ATMs in the Toronto area. This is the first time that another cryptocurrency can be bought and sold in a physical machine in the city. It is expected that as Bitcoin scalability issues become apparent, more and more support will be offered to other cryptocurrencies."
Future plans to support more altcoins and locations
"There are also plans of installing cryptocurrency ATM’s in North York, though the company has not yet finalized the exact date of the launch. They have, however, announced that the new machines will support Litecoin and possibly other new cryptocurrencies."
These are exciting times for cryptocurrency and especially for Litecoin! I haven't been able to blog as much as I like on Steemit lately because of a crypto project I am working on, but I hope to have a special Litecoin post out soon!
Litecoin for the win!
