Litecoin (LTC) is one of the oldest cryptocurrencies in existence. Therefore, it is one of the currencies with the most integration and alliances. It took a while for traditional and established companies to embrace partnering with cryptocurrencies. As cryptocurrencies become more widely used, they are seen as desirable sponsors and such partnerships are on the rise.
This article outlines some of the most important integrations and collaborations that LTC is working on and how their business and LTC are shaping them.
Litecoin integration and collaboration
UFC 232
Litecoin Foundation and UFC began their partnership in 2018. The cryptocurrency has sponsored many UFC events, with the LTC logo prominently placed on the canvas of a UFC fight on December 29, 2018 in Inglewood, California. This partnership was widely welcomed both in the crypto world and among UFC fans.
UFC is one of the biggest brand names in the world of professional sports, and having an altcoin associated with it was considered a major accomplishment. It also opened the door to sponsoring fan events and esports events, many of which have since become a reality.
miami dolphins
The Miami Dolphins were one of the first NFL teams to recognize the importance of cryptocurrencies. Litecoin became the team’s official cryptocurrency in 2019. Litecoin has given cryptocurrencies an opportunity to connect with the Dolphins’ fan base, known as the most passionate fans in the NFL.
The Dolphins soon began allowing fans to purchase tickets and memorabilia using Litecoin both online and at ticket kiosks. This greatly improves the fan experience and shows that there is a place for cryptocurrencies in the world of professional sports.
casino
Litecoin is affiliated with many different casinos. These gambling establishments offer Litecoin as the only cryptocurrency payment option available, or as one of many cryptocurrency payment options. Some casinos offer bonuses to users who pay with Litecoin. Bonuses come in the form of reduced fees or deposit bonuses where the casino matches player deposits with Litecoin.
The best Litecoin casinos offer a combination of these bonuses with non-payment method bonuses such as free spins. It is important to note that bonuses are usually associated with some kind of wagering requirements that players must meet in order to use it.
WEG Bank AG
Litecoin owns, but not solely, a stake in WEG Bank AG. Litecoin foundation TokenPay and startup Nimiq own 30% of the bank. The company is a small German bank with a small footprint in the financial industry. Still, it was an important partnership because it brought together crypto companies and traditional financial institutions.
Little, if any, was said about how cryptography was integrated into bank operations. Litecoin is ahead of the curve with this collaboration, and traditional financial institutions are now becoming more widely involved with cryptocurrencies.
NordVPN
NordVPN is one of the largest and most trusted VPNs with an excellent track record and huge user base. It also became one of the first VPNs to allow customers to make payments exclusively using cryptocurrencies, specifically Bitcoin and Litecoin.
Unlike other integrations, this one was not announced and was followed by a large marketing campaign. Instead, the service already included payments by card and bank account, so it only included cryptocurrencies as one of the payment options. The two services work well together, as both can improve your online privacy and safety.
Trabala
Travala is an online hotel accommodation service and one of the first companies to allow users to pay with cryptocurrencies. Travala is known for offering its customers deep discounts on hospitality services and generous rewards and loyalty programs for users who pay with cryptocurrencies.
Litecoin became its official crypto partner, making it one of the first cryptocurrencies to integrate with Litecoin. Litecoin also lists Travala as its official lodging partner, and both services offer a variety of discounts and special offers to their combined user pools.
Re/Max/London
Re/MAX London is a UK-based property rental service. Given how important immutable records are in the world of real estate, the team was an early adopter of cryptocurrency payments because the industry has great potential for such payments. Since 2015, we have integrated payment systems including the use of Bitcoin, Litecoin, and Dogecoin.
Although this collaboration started simply by using cryptocurrencies as a payment method, from day one Re/MAX London was looking for the benefits of using blockchain code to maintain the agreement of the parties. In the years since this partnership was formed, many other companies and industries have focused on this particular technological advantage as the main reason for using cryptocurrencies.
Glory Kickboxing (Glory World Series)
Glory Kickboxing (formerly known as Glory World Series) is an international kickboxing promotion company with six different weight classes. Although it has always been less popular than MMA or boxing, the sport has a passionate and loyal fan base. The Litecoin Foundation has partnered with Kickboxing as part of a broader strategy to appeal to non-crypto fans.
The partnership allows Litecoin to be used on Glory Kickboxing’s online merchandise platform and during international events. The league was founded in 2012 and began its partnership with Litecoin in 2019.
e-gifter
egifter is an online service that offers gift cards. It’s a competitive market, and there are bigger brands than egifter, but it stands out for its quality of service and eye for innovation. egifter has integrated its service with Litecoin and allows users to make purchases using it as a payment option. Litecoin can be used to purchase gift cards from hundreds of brands on egifter.
egifter also started highlighting the benefits of using cryptocurrencies for payments early on, with a particular focus on the lack of fees. Therefore, it was an early adopter and many other companies followed suit.
San Diego International Film Festival
In October 2019, the Litecoin Foundation announced that it had partnered with the San Diego International Film Festival to support LTC adoption. This was an important milestone for the altcoin company, as it was important for the crypto industry to branch out into entertainment and culture.
Attendees of the 2019 San Diego International Film Festival (SDIFF) were given free Litecoin as long as they had a six-day pass to the festival. The festival is an important cultural touchstone for the independent film world and is a great fit for Litecoin as an innovator in its own industry.
Oppenheim method
Oppenheim Law Firm is a Weston, Florida law firm serving business and real estate clients. We started accepting payments in Litecoin in 2017. It also accepted Bitcoin and Ethereum as two of the most popular currencies. This was an important milestone, as the company was one of the first in the industry to accept new payment methods, at least among reputable companies.
This paved the way for other traditional businesses and industries to accept cryptocurrency payments. Almost every industry is already doing it or is finding ways to accommodate customers paying in cryptocurrencies.
Litecoin is one of the most successful altcoins in the industry and has spawned many partnerships and collaborations with both innovative and traditional brands. Other cryptocurrencies have followed suit in many ways over the past few years.
Author biography
Awais Dar is the founder of Finnish news media Trending.fi.
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