The uphold exchange platform seems to lean more towards cryptocurrency every day, as they are supported several popular currencies already. As of today, that list has gotten a bit longer, as the team welcomes Litecoin traders to their platform.
Most people versed in the world of Bitcoin and cryptocurrency will know that Litecoin has been around for quite some time now. Created by Charlie Lee, this was the first cryptocurrency which did not use the SHA-256 algorithm for mining purposes, making it somewhat unique back in those days.
Fast forward to today and Litecoin is still around, albeit in a less spectacular fashion. However, despite what many people would have assumed, the alternative cryptocurrency is far from dead, even though no new features are being added to the client by the developers. Then again, there does not seem to be a need for new tools either, so it makes sense in a way.
Ether overtook Litecoin as the number two cryptocurrency a few months ago, and it looks like support for Ethereum is still growing. That being said, Litecoin is still hanging on, and the Uphold team acknowledges that feat by adding this cryptocurrency to their trading platform as of today.
All platforms in the world of finance and cryptocurrency have to keep evolving and Uphold is no different in that regard. The company wants to provide their members with access to all forms of value, ranging from fiat currencies to precious metals, and cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.
Similar to all other currencies supported on the Uphold platform, Litecoin can be bought, sent, held, and converted against all other supported offerings. For example, users can trade Litecoin to various fiat currencies, or eve Ethereum and Bitcoin. This is good news for both Uphold and Litecoin, as both teams want to solidify their position in the financial world.
Source: News Tip Via Email
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