Waves platform adds LTC and ZEC gateaways, allowing users to send and store them in their Waves wallet and to trade them on DEX.
— wavesplatform (@wavesplatform) October 5, 2017
Accoeding to the announce, LTC and ZEC gateways are now open, and can be used to move the currencies into and out of the Waves blockchain. Thus, once the currencies have been confirmed as received by the gateway, the user’s wallet is credited with a Waves token that is 1:1 backed by the cryptocurrency held within the secure server. According to the team, fees are minimal and the only delays are those required by blockchain confirmation times.
We’re really pleased to be able to announce that two more currencies are being supported within the Waves client. Litecoin and ZCash are two of the most liquid coins and very popular among traders. By providing fully backed tokens, we enable the community to trade LTC and ZEC on DEX against any other Waves tokens — continuing to increase the options for traders who no longer wish to use centralised crypto exchanges.
CEO and founder of Waves Platform
On top of that change, users will also find their address is now represented by a QR code within the Lite client, making it easier than ever to make payments and payment requests.
Waves price chart on coinmarketcap.com
Meanwhile, at the time of writing, the cryptocurrency is occupying the 18th place in the list on coinmarketcap.com. The Waves price is about $5.01, its market capitalization is $500,818,000.