Fourth most valuable virtual currency will be live early October
Toronto, ON – September 21, 2016 – Decentral, creators of the universal blockchain wallet Jaxx, today announced plans to integrate Litecoin into its suite of software wallets on all of its desktop, mobile, and internet extension platforms. The integration will come into effect in early October, following significant community demand as well as pre-approval from Apple’s App Store development team, who last month listed nine approved tokens available on the iPad and iPhone. Litecoin, now just three weeks shy of its 5th birthday, is the fourth most valuable cryptocurrency by market cap, valued at approximately $180 million USD.
Jaxx Founder and CEO Anthony Di Iorio said, “We received countless requests from the community to add support for Litecoin, and we knew it was already accepted by Apple on the AppStore, so for us it’s a perfect fit and makes the most sense right now. Litecoin has stood the test of time; it’s very popular at number four, and it boasts better transaction times than Bitcoin.”
Charlie Lee, Creator of Litecoin, said, “I created Litecoin to complement, instead of compete, with Bitcoin. I’ve always envisioned a future where people transact in multiple different cryptocurrencies. Jaxx is one of the easiest to use wallets and I’m excited to be able to hold both my bitcoins and litecoins in the same wallet.”
Andrew Vegetabile, Director of the Litecoin Association, added, “Jaxx, like many of those within the Litecoin community, believes in the fact that we are part of one larger family of cryptocurrency. Having Litecoin integrated with Jaxx allows our community members, who are also members of other communities, to feel a sense of unity when accessing platforms that allow multiple cryptos. This partnership enables those cross-community members to access their various cryptocurrencies in one platform without having to worry about keeping up with multiple wallets and applications.”
Litecoin is one of the globe’s most trusted cryptocurrencies and a leading alternative payment system. In conjunction with its Jaxx integration, Litecoin will use Q4 2016 to carry out memory usage improvements, faster signature validation, SegWit integration, and potentially, confidential transactions.
Litecoin’s integration comes just a fortnight after Jaxx added support for Ethereum Classic and Dash before it. Jaxx will announce the addition of several more tokens for integration into their suite of wallets in the coming months.
“We have always been pro-technology and pro-choice. One of our primary goals is to give people options in a constantly evolving digital age. We are proud to be the one-stop shop for people managing their digital wealth; customers can now access their portfolio of coins, trade them, and hold onto their keys without having to trust a centralized exchange,” said Di Iorio.
Since launching in June 2016, over 50,000 users have downloaded Jaxx.
Jaxx is a multi-token blockchain wallet that provides a unified experience across 9 platforms and devices, including Windows, Apple and Linux desktops, Apple and Android mobile devices and tablets, as well as Google Chrome and Firefox extensions. The Jaxx wallet enables crypto-to-crypto buying and selling with frictionless in-wallet conversion. Users are always in control of their keys and Jaxx neither holds nor has access to customer funds. Design and user experience driven, and built with simplicity in mind, Jaxx’s mission is to become the interface to the blockchain world.
To learn more, visit jaxx.io
Litecoin was created in October 2011 by former Google engineer Charlie Lee. It was built to improve upon bitcoin by giving users faster transaction times through a 2.5 minute block generation time, compared to bitcoin’s 10 minutes. Litecoin has become one of the globe’s most trusted cryptocurrencies and a leading alternative payment system. In 2016, Litecoin has been added to major exchanges such as GDAX, developed a partnership with Ledger, and will soon celebrate its 5th anniversary by producing 500 limited edition Litecoin hardware wallets.
To learn more, visit litecoin.com