Litecoin (LTC) Launched on Crypto.com MCO Wallet

LTC is the first new virtual coin launched on Crypto.com’s mobile wallet after the rebranding of the company.

Payment and cryptocurrency platform Crypto.com, formerly known as Monaco (MCO), has introduced Litecoin (LTC) transfer options to its mobile wallet MCO, the company said on Wednesday.

LTC is the first coin that was added after MCO launched its mobile application last month and after the company rebranding. So far MCO has supported Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and Crypto.com own token MCO (MCO).

“By adding Litecoin to the MCO platform, CRYPTO.com is enabling MCO users to spend LTC, among other cryptocurrencies, with the MCO Visa Card once it becomes available in their market. Using the MCO Wallet App, users can buy, exchange, sell, and track their cryptocurrencies,” Crypto.com explained in a blog post.

Dubbed MCO Visa Card and Wallet App, the application had more than 100,000 downloads on Google Play Store for Android-backed devices. Crypto.com is one of the crypto spending card projects that had a glitch-free launch of its VISA cards. MCO wallet allows tracking of more than 200 digital coins by providing information about price, volume, market cap, charts, exchanges, and rates.

“Litecoin Foundation and CRYPTO.com share a common vision of accelerating the development and adoption of cryptocurrency,” Charlie Lee, LTC founder and managing director of Litecoin Foundation, said.

Litecoin is presently the seventh largest cryptocurrency with $4.4 billion market capitalization at the time of publishing. It seemed that the deal with MCO did not affect its price. At 13:30 UTC Litecoin changed hands at $78.22, which is a decline of 0.33% on a daily basis. LTC had a $333 million market volume for the last 24 hours with OKEx ranked as the largest Litecoin market with a more than $92 million volume for the LTC pairs with BTC, ETH, and Tether (USDT).

Recently, Litecoin Foundation, the body that develops LTC, has acquired a 10% stake in German-based WEG Bank.