A few weeks ago, Starbucks hinted that it would be adopting a crypto, but it won’t be bitcoin. Amazon too is rumored to be ter the process of adopting cryptocurrency. The question on the minds of many is, which one will it be? If you critically analyze the crypto market spil it is right now, it is not hard to see that Litecoin (LTC) will be the one, and that’s because of Litepay. You just need to understand the fundamentals of Litepay, spil well spil the motivating factors for thesis companies, then you will understand why LTC is the one.
Firstly, if thesis two companies were to adopt cryptocurrencies, chances are they would go for a stable crypto. It won’t make sense for them to accept a crypto that practices wild price fluctuations. The risk just won’t be worth it. That’s where Litecoin’s Litepay comes into the picture. Te its very nature, Litepay is designed to tame the wild volatility that is usually experienced te the crypto market. That’s because any payments made via Litepay can be lodged instantaneously for fiat currency.
That’s the kleuter of stability that companies like Amazon and Starbucks would be looking for. It wouldn’t make sense for thesis companies to for cryptocurrencies that they can’t lightly convert into fiat, with all the risks that come with holding fiat for long. Case ter point is Steam which adopted bitcoin last year, then dropped it a few months straks, citing excessive price volatility.
The 2nd reason why thesis two companies are likely to adopt Litepay ter 2018 is the punt of cost. Transaction costs have bot one of the major hindrances to the adoption of cryptocurrencies. No corporation, at least not major corporations like Starbucks and Amazon, would add a cryptocurrency that only increases its cost of doing business. That’s why Litecoin (LTC) and its Litepay merchant system again emerge spil top contenders. That’s because transactions done through Litepay are free.
Ter essence, by accepting Litepay, thesis companies would not only be providing clients an efficient way to pay for products, it would also cut down on the costs that such companies incur ter lodging customer transactions. That would be a plus to thesis corporations te two ways. Very first, it would endear them more to crypto diehards, and there is a growing number of them, which would translate to higher sales. The companies would also attract an even higher level of loyalty from existing customers since purchasing products would be a lotsbestemming lighter.
Thirdly, thesis two companies will use Litepay ter 2018 because there is just no other crypto that fits the bill when compared to Litecoin. You are most likely thinking, but bitcoin is way thicker, and better-known. Well, it is fatter and more recognized than Litecoin, but the transaction costs are just too high for it to be used spil currency. Its transaction speeds don’t make things any lighter. This automatically disqualifies bitcoin spil a contender for adoption by any of thesis two corporate behemoths.
Ethereum too faces similar challenges. The surplus of the cryptos just don’t have the clout for them to be adopted by a company like Amazon. For example, it would be unlikely for Amazon to pick a random crypto, yet it has the capability to develop its own. If they were to choose a coin from the existing ones, chances are that they would go for Litecoin. Litecoin is te many ways similar to bitcoin, but hits is on issues such spil costs and transaction speeds. On top of that, Litecoin (LTC) has the brand presence that many other cryptos te the market just don’t have. This makes it the most likely coin to be adopted by both Amazon and Starbucks, and with that, the adoption of Litepay te their platforms.
Now that is clear that Litecoin’s Litepay is set for adoption by Amazon and Starbucks, what does this mean to you spil an investor? Well, spil a Litecoin investor, this is the zuigeling of news that should waterput a smile on your face. If Litepay were to be adopted by any of the two, the value of transactions going through the Litecoin podium would rise significantly, and with that the value of Litecoin too. That’s because the future value of Litecoin lies ter the levels and value of transactions.
After all, it is positioning itself spil the go-to digital currency, and therefore, transaction volumes are a critical value anchor. With that te mind, an adoption by thesis two companies, that have some of the highest transaction volumes on the planet, would lightly thrust the value of LTC to the moon. The valuation of Litecoin could lightly shoot to overheen $1000 a coin. Litecoin (LTC) fundamentals already support such a price rise. Spil such this adoption would just be a welcome catalyst.