Wirex has added Litecoin (LTC/USD) to its wallet, making the cryptocurrency the first of several altcoins to be added to its cryptocurrency wallet app.
Wirex said it chose Litecoin as “It’s faster than Bitcoin (Bitcoin), has lower blockchain fees and may become a global payment option available on dozens of big brand websites in coming months.”
Its new Litecoin wallet allows the users to instantly convert the coin into British pound, euro or US dollar and spend it with the Wirex Visa Card.
Litecoin can be added to the account by bank transfer, debit or credit card, which is secure and can be verified easily, the trading platform said.
Furthermore, it said, ICO profits can be cashed out easily by exchanging it with Litecoin, which can be exchanged with Bitcoin or vice versa at any time.
Earlier this month, Litecoin was added to the Korean exchange Korbit.
By Siranush Ghazanchyan