The peer-to-peer cryptocurrency Litecoin joins MCO Platform and mobile wallet, meaning users can purchase, transfer, exchange and spend Litecoin from their smartphone. Four other cryptocurrencies are also available on the MCO platform and mobile wallet, including bitcoin, BNB, ether, and the MCO token.
Formerly Monaco, the MCO platform enables users to purchase crypto with a fiat wallet or a credit card. No additional fees are charged for crypto to crypto exchanges. Users can send crypto and fiat currencies to MCO wallets instantly without fees and make crypto withdrawals to external wallet addresses for a small fixed fee.
The rise of Litecoin
Litecoin is the world’s seventh largest cryptocurrency by market capitalization at over $4.3 billion. In April this year, a Litecoin transaction worth $99 million was completed in 2.5 seconds for a fee of less than $0.40, faring significantly faster than a standard bank transfer.
Last month, the Singapore-based non-profit Litecoin Foundation announced it had partnered with the payment platform TokenPay in an alliance that may potentially lead to a Litecoin bank acquisition.
Given the rise of Litecoin, it is hardly surprising MCO Technology is keen for the cryptocurrency to join MCO platform and mobile wallet.
Kris Marszalek, co-founder, and CEO of MCO Technology spoke of how introducing Litecoin to the system will benefit user experience of the MCO platform and mobile wallet.
“By listing Litecoin on the MCO Wallet app, we are deepening both the functionality of the app for users and transforming into a go-to, intuitive cryptocurrency exchange platform.”
“Our support of Litecoin marks an essential step in expanding the variety of cryptocurrencies available to our platform users as we strive to broaden the audience of cryptocurrency spenders and investors.”
A streamlined approach to cryptocurrency
Switzerland-based MCO Technology was founded in 2016. After managing to secure a staggering $26.7 million in an initial coin offering (ICO) in mid-2017, said to be one of the most successful ICOs at the time, the company launched its mobile app in May 2018.
The MCO platform’s aim is to provide consumers with a “streamlined, secure approach to buying, exchanging and sending cryptocurrency.”
Gabrielle Pickard-Whitehead is a freelance journalist and copywriter based in the Peak District, UK. Since 2006, Gabrielle has followed her passion for writing and has sculptured a rewarding career out of her love for the written word. Gabrielle thrives on creating compelling content related to current affairs, politics, financial news and the latest advancements in technology and innovation. Gabrielle is excited about having the chance to write about the constantly-evolving world of crytocurrency and enabling people to learn more about this rapidly-advancing digital asset.