Litecoin Accepted in 39,000 More Merchants!!! + $70 Giveaway
Today we have a few pretty fantastic news items to share with you. So what are they? First, as reported on CCN, Nicolas Maduro, the president of Venezuela, just recently ordered Venezuela’s biggest bank to accept the cryptocurrency token Petro nationwide. Next up, on Cointelegraph, Flexa, a New York-based blockchain payment startup, has announced its integration of Litecoin, which is now accepted at more than 39,250 locations. And the last piece of news for today, Sina Finance, a Chinese financial website, quietly added a crypto index into its mobile app. These articles are interesting and definitely great news to kick off the week. If you want to hear all about these pieces, please make sure you stay with me right until the end of today’s video.
Guys, this week, we are also announcing a super cool giveaway. If you like, comment, and subscribe, you can go in the draw to win $70 in Bitcoin. We will be announcing who the winner is tomorrow. We will draw a video from this week, and then draw a winner from the video. So this is the last chance to win this week’s giveaway. Good luck you guys all! And if you want to go in the draw to win, and you love our content then make sure you hit the like, and subscribe button and just comment down below.
The Market Today
Now, let’s see how the crypto market is performing. In general, today’s market is mainly in reds. On the top 10 tokens, Bitcoin has once again plummeted with a 5.75% decrease, heading to the $11,000 mark. Similarly, Ethereum and XRP are also dropping by 5.37% and 4.57% respectively. The only token increasing in the list is the Binance coin with a 0.64% gain. Moving on to the top 20, it looks like we have the same performance like the top 10. Cardano and Stellar are losing significantly more than 5%. In contrast, USUS SED LEO token has gained 1.92% over the last day.
Nicolas Maduro ordered Banco de Venezuela to accept crypto Petro (PTR) nationwide
Now, let’s have a look at what we have picked for today’s news. Per a report on Ccn.com, Nicolas Maduro, the president of Venezuela since 2013, has initiated an aggressive plan to promote crypto adoption. He ordered Banco de Venezuela, the country’s biggest bank, to accept the cryptocurrency token, the Petro (PTR) nationwide. He stated,
“I am giving the explicit order to open Petro transaction desks at all Banco de Venezuela agencies”.
Specifically, Maduro demands the opening of nearly 790 Petro Desks in every part of Venezuela’s biggest bank, along with the distribution of 1 million crypto wallets among their young citizens. It looks like this strategy is part of an aggressive plan to promote the use of the Petro cryptocurrency token throughout Venezuela. Following the order, the Venezuelan government will also educate its citizens in terms of crypto adoption. This sudden announcement was supported with optimism by members of the Venezuelan crypto sphere. José Angel Alvarez, president of the National Cryptocurrency Association (ASONACRIP), shared his impressions:
“It is a bold and correct decision to move forward towards a hybrid economy where the fiduciary currency of a country competes face to face with cryptocurrency. With this decision, this bank [Banco de Venezuela] would become one of the exchanges with more physical offices in the world”.
Following the new adoption, the crypto holders in Venezuela seem to be very optimistic, which made Petro (PTR) token rise 25% on Local Exchanges.
Flexa integrated Litecoin (LTC) on its payment platform
Moving on to the second news item. New York-based blockchain payment startup Flexa has just integrated Litecoin (LTC) as the fifth crypto accepted by traders on its payment platform, which is currently approved as payment at more than 39,250 locations. Up to now, Litecoin is the fourth biggest crypto by market cap and the first cryptocurrency to be supported within the Flexa network since its introduction on May 13. So why did they choose to integrate with Litecoin? In a recent announcement, Flexa has explained its choice, stating that Litecoin provides low transaction costs, fast confirmation times, as well as
an active community of avid supporters and payments enthusiasts.
For those who are unaware, Litecoin has been recently ranked as “excellent” in terms of investment rewards and adoption by Weiss Ratings, the United States-based investment data supplier. In June 2019, the Litecoin Foundation started a collaboration to introduce a physical cryptocurrency debit card, allowing users to spend their crypto both online and offline stores.
Sina Finance added crypto index into its mobile app
And here we come to the last news piece for this week guys. China’s major tech company Sina Corp has integrated a crypto index into its Sina Finance’s mobile app, as reported by Cnledger on Twitter. As you can see here, the new feature will provide information on the prices and performance of some major cryptocurrencies such as bitcoin, bitcoin cash, litecoin, XRP, and ethereum. According to the report on TechNode, the new function also provides its users with the latest news in the industry. However, it is announced to be available on the Sina Finance’s mobile app only, but not the desktop version. This awesome news as in the past, the Chinese government has been known for its anti-crypto policies towards cryptocurrencies since late 2017.
Accordingly, they banned both bitcoin trading and initial coin offerings (ICOs). In addition, the authorities also suggested a potential elimination of crypto mining in the country. Meanwhile, in a research report concerning the important factors for strategic priority, 73% of Chinese enterprises believe that technology of cryptocurrencies, or blockchain, is within the top 5.
And that is the final news for this week. So guys, what are your thoughts on these news situations?
Do you think that adopting cryptocurrencies nationwide in Venezuela is a good strategy?
Will the number of Litecoin accepted locations to pass the 40,000 marks shortly, or it will decrease?
Are you excited to hear the integration of Sina Finance with the crypto sphere?
Let me know what you guys think in the comments below!
Once again, please don’t forget to like, comment and subscribe to go in the draw to win $70 in Bitcoin. It’s Cindy with CryptoPig. I’ll see you guys next week!
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Disclaimer: Cryptopig content is written by a team of blockchain passionate people. We are not registered as investment advisors. Don’t take the information in this post as investment advice and make sure you do your own research before investing. Cryptocurrencies are a very risky investment, never invest more money than you can afford to lose.