Litecoin Became 2nd Most Popular Dark Web Coin

According to Recorded Future research, nearly 30% of dark web transactions are paid using LTC
09 February 2018   898

itecoin accounts for about 30% of transactions related to illegal activities, the specialists of Recorded Future found out. The reasons for popularity was the availability of Litecoin for purchase and sale in most exchangers and the ability to store it on hardware purses.

Recorded Future conducted an extensive analysis on 150 of the most prominent message boards, marketplaces, and illicit services, which unexpectedly revealed that Litecoin is surpassing other cryptocurrencies in preference, and is currently the second most dominant coin on the dark web after Bitcoin.
 

Recorded Future Team

The most popular is lightcoin in the Russian segment of darknet, while in the English-speaking segment the Monero coin was more popular.

Bitcoin remains the gold standard in the dark web, with all vendors accepting it as a payment, and Litecoin emerged as the second most popular currency, with 30 percent of all vendors who implemented alternative payment methods willing to accept it. Dash is closely trailing Litecoin with 20 percent of the market. Unexpectedly, Bitcoin Cash was the third most common cryptocurrency with 13 percent of vendors trusting it as a payment method.
 

Recorded Future Team

Researchers concluded that Litecoin and Dash will take their place next to Bitcoin as the everyday payment currencies of the dark web

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   343

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.