THELOGICALINDIAN - On the heels of approaching Litecoin Segregated Witness activation Coinbase has added Litecoin functionality Their users can now buy advertise and authority Litecoin This comes as a benefaction to anyone absent to aggrandize their cryptocurrency accumulating on Coinbase
Read more: Bitpay Partners With Bitmain in a ‘Multi-Million Dollar Agreement’
A Coinbase blog said, “We are admiring to advertise that Coinbase is abacus abutment for Litecoin. Customers can now calmly buy, sell, send, and abundance Litecoin via the Coinbase website or adaptable apps.”
Coinbase is a Digital Currency Company
In January, Coinbase CEO Brian Armstrong announced that they were planning on branch this direction. He said they are not aloof a bitcoin company. They are a agenda bill company. In this vein, they will not alone baby to bitcoin enthusiasts and investors—they will augment their ambit to accommodate a deluge of cryptocurrencies. He said,
Armstrong went on to say that he is afraid about Bitcoin’s adeptness to calibration and accumulate 
transaction fees low. He mentioned he is not betraying bitcoin or accident acceptance in it as a anatomy of “digital gold.”
He said, “To be clear, I adulation Bitcoin and it is not activity anywhere. It appears to be the reserve bill of the agenda bill space — a array of agenda gold if you will.”
Additionally, Litecoin’s architect Charlie Lee has been alive with Coinbase as Director of Engineering for some time. According to a TechCrunch article, Lee mentioned there has consistently been discussions about abacus Litecoin functionality to Coinbase. These affairs aloof did not actualize until afresh as a aftereffect of Litecoin’s apathetic start. Things accept badly intensified for the Litecoin ecosystem over the aftermost several weeks, though.
Litecoin, Segwit, and Price Pumps
The Litecoin association afresh formed a annular table consensus for activation of the Segwit protocol. Most agreed that axis on Segwit is the actual advance of activity for aliment and concise scalability of Litecoin. Most additionally did, however, accede to apparatus addition bendable angle or adamantine angle back Litecoin requires added scaling
.
Shortly afterwards the consensus, Bitcoin.com reported that the Litecoin arrangement surpassed the required cardinal of signaling blocks to actuate Segwit. According to the report, afterwards addition activation period, Segwit will activate functioning.
Between the account of Segwit activation and Coinbase’s accomplishing of a Litecoin wallet, the amount of Litecoin has apparent a cogent amount pump. The accepted amount on coinmarketcap.com sits at $20.60, with a 24 hour access of 31.15%.
Do you accept Litecoin has a ablaze future? Will the amount abide to rise? Let us apperceive in the comments below.
Images via Shutterstock and coinbase.com
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