Blockchain Startup Enables Litecoin Transactions via Telegram Messenger
Litecoin (LTC) transactions are now available via encrypted messenger app Telegram. The new Litecoin feature Lite.im was developed by blockchain startup Zulu Republic. Based in Zug, Switzerland, the firm develops decentralized applications and is an ecosystem of digital platforms built on the Ethereum blockchain. The new Litecoin feature will enable users to use Litecoin services with text queries via Zulu’s backend LTC API system.
Zulu said that Lite.im will first be rolled out on the Telegram messenger app, “the most secure messenger in the world,” adding that the app provides privacy that is “built in by default.” 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. Zulu stressed the decentralized nature of the upcoming feature, saying that it is targeting 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.”