Litecoin (LTC) is a cryptocurrency created in 2011 by former Google engineer Charlie Lee. It was certainly one of the primary “altcoins” – or options to bitcoin payment system. Though it’s constructed on bitcoin’s original supply code and shares certain features with BTC, Litecoin was designed to improve upon bitcoin, particularly when it comes to transaction pace.
With XRP, transactions can take seconds to complete, which is much faster than the SWIFT network. Moreover, transactions are extremely low-cost and are trackable by way of the XRP ledger. As a consequence of this, using XRP as the usual methodology of payment is bound to be more affordable and more environment friendly than the present way we do things, meaning the longer term is very vibrant for this coin.
Kay Van-Petersen is an analyst at Saxo Bank, a Danish funding bank which makes a speciality of on-line trading and funding. Based mostly out of Singapore with an MSc in Applied Economics & Finance from Copenhagen Business School, Van-Petersen is an energetic Twitter person with no fear of speculating on robust subjects like the prices of cryptocurrencies.