Altcoins News

Story: Litecoin (LTC) goal is for it to be money per Charlie Lee Not optimistic on DeFi

By Steven Anderson

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Litecoin (LTC) Interest-Earning is Quite Important

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Charlie Lee was questioned on the latest use cases that he was seeing for Litecoin.  In terms of what will make people gravitate towards the use of cases solving real-world…

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Charlie Lee opined that the biggest use case for the cryptocurrency is speculation and store of value. He also felt that it is going to be that way for a while.

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With Litecoin, he stated that they were definitely aiming to move more towards payments.  To be able to spend the coins as opposed to just holding onto it as a store of value.

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He acknowledged on how liquidity was very important to get Litecoin into the hands of people to use it. And the goal is for it to be money.

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Sydney Ifergan, the Crypto Expert, tweeted:  "Maybe as Charlie Lee states in his recent interview in the full inside scoop LTC foundation Litecoin LTC could be used as a…

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Charlie Lee also stated that Interest earning is also essential for Litecoin LTC holders.  He noted that it was essential to park money and still be able to generate value…

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When also expressed his strong opinions on DeFi and what that means and how impactful it could be, compared to mainstream finance and related views.

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 With Cryptocurrencies being decentralized currencies, he stated that someone has to bear the cost.

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