TenX to Launch Litecoin Debit Cards

TenX has entered a partnership with Litecoin, and is working to introduce a co-branded card
11 April 2018   2307

TenX makes it easy for users to keep and send virtual currencies as they spend with your TenX card. The user can store, send, and receive virtual currencie, send them to other TenX wallet users for free, and also order the TenX cards, which will be available soon.

Litecoin Tenx cardLitecoin Tenx card

TenX has recently added support for LTC on the TenX wallet app for both iOS and Android.  Moreover, TenX has reported on April 11 that it has entered a new partnership with Litecoin, and is working to introduce a co-branded card for which more information will be available soon.

Charile Lee tweet regarding TenX and LitecoinCharile Lee tweet regarding TenX and Litecoin

The announcement was also mentioned by Charlie Lee, the widely-known creator of Litecoin, who wrote that Tenx and Litecoin are working on issuing debit cards supporting Litecoin. This is the great news for the community, and we will keep our readers updates on all the upcoming news.

At the moment of press, these are main market parameters of Litecoin:

  • Average Price: $114,14
  • Market Cap: $6 395 549 187 
  • 24h Vol: $193 304 000

Litecoin to Implement Reward Halving Successfully

Block reward was reduced from 25 LTC to 12.5 LTC on block 1,680,000
06 August 2019   112

Today, on August 5, the reward for the Litecoin block for miners was halved.

Halving happened on block 1,680,000, changing the block reward from 25 LTC to 12.5 LTC. The next halving will take place in four years - tentatively on August 2, 2023, as a result of which the block reward will decrease to 6.25 LTC, making digital silver even more scarce.

Litecoin Block Reward Halving Countdown
Litecoin Block Reward Halving Countdown

According to litecoinblockhalf, 75% of the total Litecoin supply has been mined so far. The current inflation rate of the coin is 4.26%, and after four years it should drop to 1.80%.

Many investors were sure that the market had long “digested” the positive expectations in connection with a decrease in cryptocurrency emissions and expected either a sideways price movement or even a decrease in the LTC rate.