Litecoin (LTC) transactions are now accessible through encrypted messenger app Telegram.
The development was made known by Litecoin founder Charlie Lee in a tweet.
The new Litecoin feature Lite.im was worked on by blockchain startup Zulu Republic. Based in Zug, Switzerland, the company develops decentralized applications (DApps) and “is an ecosystem of digital platforms built on the Ethereum (ETH) blockchain.”
According to a blog post, the new Litecoin feature would allow users to utilize Litecoin services with text queries through Zulu’s backend LTC API system. Zulu emphasized that private key data is not handled by the company, and instead fortified with RSA encryption and the user’s private password.
Zulu also said that Lite.im would initially be rolled out on the Telegram messenger app, “the most secure messenger in the world,” claiming that the app delivers privacy that is “built in by default.” Lite.im would let users send commands to check their current LTC balance and send LTC to a wallet or an email address.
In the near future, the firm seeks to introduce LTC transactions via text messages (SMS) to allow operations on the Litecoin blockchain for clients with dismal internet connection. The startup claims that, out of the 64% of the global population that owns a mobile phone, only 33% actually have a smartphone with internet connection.
Zulu also stressed the decentralized nature of the imminent feature, saying that it is honing in on countries where “internet connectivity is scarce, where the web is censored by autocratic regimes, and where large segments of the population are marginalized by the conventional financial system.”
The statement also expressed that users would be able to send Litecoin “to those who don’t already have a Litecoin wallet, or to those whose wallet address you don’t know, even if the recipient has no idea how to use cryptocurrency.”
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