Crypto Facilities to Launch Litecoin Futures

Charlie Lee believes that LTC futures is good and they "make it easier for people to get in and out of Litecoin"
20 June 2018   392

The British crypto futures platform Crypto Facilities launches a derivative product tied to the Litecoin, CoinDesk reports.

The new instrument, denominated in US dollars, will be launched on Friday, June 22, and will allow investors to buy short and long futures contracts for Litecoin with weekly, monthly and quarterly calculations.

We believe our LTC-dollar futures contracts will increase price transparency, liquidity and efficiency in the cryptocurrency markets.

Timo Schlaefer

CEO, Crypto Facilities

Litecoin founder Charlie Lee, commenting on today's announcement, said that futures will provide access to the cryptocurrency to institutional investors, which in turn will increase its liquidity and "make it easier for people to get in and out of litecoin."

A month ago, Crypto Facilities launched Ethereum futures. The company expects that the volume of Ethereum futures trading will reach $ 150 million this quarter, which will be about 10% of the total volume of the site.

Lite.IM Beta to be Released

Lite.IM will allow users to interact with Litecoin blockchain using text commands through a special API-system
09 August 2018   177

Developers of the Zulu Republic blockchain project presented Lite.IM software that allows users to make transactions in the Litecoin network using SMS messages and the Telegram messenger.

Zulu Republic is convinced that Telegram is the safest messenger and provides all the necessary opportunities for testing the concept before launching SMS payments.

Representatives of the project emphasize that a lot of people live in countries with limited access to the Internet, under conditions of strict censorship by political regimes, without access to financial services. In addition, 64% of the world's population owns mobile phones, but only 33% have smartphones. This is the reason why Zulu Republic is convinced of the need to link SMS messages and Litecoin blockchain, not relying on the availability of the Internet.

By opening the world of cryptocurrency to these underserved and vulnerable populations, we aim to provide a degree of financial agency, autonomy, and (perhaps most importantly) security that they’ve been denied up until now.

Zulu Republic

Lite.IM will allow users to interact with Litecoin blockchain using text commands through a special API-system. At the moment the community already has the opportunity to use Telegram-bot to check balances and send Litecoin to LTC-addresses or e-mail. The solution is written on JavaScript. More info is available at GitHub.

The creator of "digital silver" Charlie Lee is convinced that the bear market allows us to focus on developing solutions for mass adoption of technology.