Litecoin transactions are now available via Telegram. The new Litecoin feature Lite.im is a product of Switzerland-based blockchain startup Zulu Republic which specializes in developing decentralized applications (DApps) and “is an ecosystem of digital platforms built on the Ethereum (ETH) blockchain.”
Lite.im will allow users to send commands to check their current LTC balance and send LTC to a wallet or an email address. In the future, the company aims to introduce LTC transactions via text messages (SMS) to enable operations on the Litecoin blockchain for customers with poor internet connection. The startup states that, out of the 64 percent of the global population that owns a mobile phone, only 33 percent have a smartphone with internet connection.
Litecoin is a cryptocurrency based on blockchain which works similarly to Ethereum and Bitcoin. This is a peer-to-peer currency which allows you to instantly transfer payments to any person in the world. This is a decentralized payment network that is not managed by any central authorities. The network, like others blockchains, is provided by mathematics. Individuals can control their own finances without relying on third parties — such as banks or traditional financial institutions. Currently, Litecoin it is the seventh largest cryptocurrency by market capitalization.