NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Major New Partnership Set to Spur Litecoin Adoption

Rick Delafont
Rick Delafont
5 years ago
2 mins read
cash litecoin crypto

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Litecoin will be coming thousands of regular cash machines in South Korea. The Litecoin Foundation has just partnered with MeconCash, allowing ATM users to convert LTC to fiat at real world locations.

The partnership may serve to drive adoption of a crypto asset for which staying relevant seems a particular struggle.

New Partnership Enables LTC to Fiat Withdrawals at 13,000 ATMs

According to a recent press release, the Litecoin Foundation has just partnered with MeconCash, a South-Korean blockchain startup. Amongst other things, the partnership will allow users to exchange LTC for Korean won at more than 13,000 in South Korea. They can then withdraw the fiat currency for spending at shops not accepting crypto.

We are thrilled to announce that Litecoin Foundation is partnering with MeconCash to enable Litecoin (LTC) withdrawals to Korean Won (KRW) at over 13,000 atms across South Korea. Read more: https://t.co/yJfSTkRoC9 pic.twitter.com/Mx1njs9AZb

— Litecoin Foundation ⚡️ (@LTCFoundation) February 27, 2020

The deal will also see MeconCash integrate Litecoin with its MeconMall. Users can also use the crypto asset to pay for various digital goods, including mobile games.

Charlie Lee, the Managing Director of the Litecoin Foundation, commented the following on the recent partnership:

“Litecoin’s integration into M.Pay’s platform and large network of ATM’s is a big step toward expanding Litecoin’s footprint in the South Korean market.”

Meanwhile, Jo Jae Do, the Chairman of MeconCash agreed that the integration of Litecoin with the firm’s existing ATM infrastructure would drive LTC adoption in South Korea. He added that the partnership with the globally-recognised Litecoin Foundation would also allow for international expansion efforts by MeconCash too.

Can Partnerships and Upgrades Keep LTC Relevant?

In an increasingly competitive crypto market, it’s more difficult than ever to see how Litecoin uniquely solves any problem. Whilst Bitcoin seems to have the the “digital gold”/store-of-value use case all wrapped up already, other niches have no shortage of projects striving for market acceptance.

In the realm of strictly borderless payments, the likes of XRP, Bitcoin SV, DASH, or even stablecoins like DAI, USDT, or USDC, all offer strong competition to Litecoin. Meanwhile, the long running digital currency has scant smart contract development and lags way behind the likes of Ethereum and others.

Outside of ludicrously priced cryptocurrency ATMs and the odd real-world company accepting it, digital currency hasn’t really transitioned from the virtual to the physical world yet. Perhaps being able to use a fiat cash machine to interact with the LTC blockchain will create greater relevance for both the Litecoin and the wider industry.

A more ongoing development that may attract new users to the Litecoin camp is the implementation of the scaling and privacy technology Mimblewimble to the protocol. The upgrade would bring confidential transactions to LTC and serve as a live experiment of how the technology works on an established public blockchain network.

It’s worth noting that SegWit, an upgrade to the Bitcoin network, first went live on Litecoin. With the smaller network clearly willing to experiment with radical new tech, perhaps continuing to serve as a live test net for Bitcoin is Litecoin’s use case. Maybe it will be enough to keep the project relevant for some more time yet.

 

Related Reading: Bitcoin is “Right Where It’s Supposed to Be” as Investors Grow Fearful

Featured Image from Shutterstock.
Tweet123Share218ShareSend
Rick Delafont
Rick Delafont

Rick Delafont

Based in Europe, Rick has written about the cryptocurrency industry since 2016. He was first drawn to Bitcoin as a means of payment but quickly became fascinated by its wider potential implications. His interests lie in the political, economic, and social impact of the unfolding digital asset revolution.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

bitcoin-booms-bitcoin-hyper-raises-2-5m-btc-l2-bet

Bitcoin Booms, and So Does Bitcoin Hyper — $2.5M Raised as Investors Bet on $BTC L2

Bitcoin has just surpassed the $120K mark, signaling a strong return of investor confidence. As capital flows beyond Bitcoin, altcoins...

Aaron Walker 2 hours ago
ChatGPT: XRP koers klaar voor nieuwe ATH in juli? Ripple kan stijgen naar $27 tijdens bull run

ChatGPT: XRP koers klaar voor nieuwe ATH in juli? Ripple kan stijgen naar $27 tijdens bull run

Ripple (XRP) staat in de schijnwerpers nu de koers stevig momentum vasthoudt tijdens de bull run van 2025. Met een...

Lars Diederiksen 2 hours ago
Crypto expert: Bitcoin koers gaat snel exploderen naar $250.000

Bitcoin Price Breaks 8-Year Resistance Line That Failed In 2017-2021

With the Bitcoin price rising to new all-time highs every other day, more crypto analysts have come forth with their...

Scott Matherson 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin Ignites Intraday Optimism With A Step Past $119,000 Threshold

Godspower Owie 31 minutes ago

È Appena Iniziato il Superciclo di Liquidità di Bitcoin, Dice il CEO di un Hedge Fund

clararosati 1 hour ago
Dogecoin price news

Fibonacci Maps Dogecoin Path To $23—Is It Too Far-Fetched?

Jake Simmons 2 hours ago

Premium Sponsors

Press Releases

  • ETHRANSACTION Core Breakthrough! New users get $19 starter...

    41 minutes ago
  • 2 jeftine kriptovalute s potencijalom rasta od 9.000% –...

    49 minutes ago
  • Predviđanje Cijene Snorter Token (SNORT) – Analiza i Projekcije 2025–2030

    Fartcoin, dogwifhat Tăng Mạnh – Snorter Được Dự...

    60 minutes ago
  • ...

    60 minutes ago
  • ico 仮想通貨注目:Snorter Tokenが2025年の有力候補に

    ico...

    1 hour ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.