Decentral, creators of the multi-token blockchain wallet Jaxx, has revealed its plans to integrate Litecoin into its suite of software wallets on all of its desktop, mobile, and internet extension platforms.
This follows a recent tweet by Andrew Vegetabile, Director of the Litecoin Association, that hinted at some “pretty cool news” to be announced for the digital currency. Currently the fourth most valued cryptocurrency, Litecoin has market capitalization close to $184 million and inching close to its 5th birthday.
“I created Litecoin to complement, instead of compete, with Bitcoin. I've always envisioned a future where people transact in multiple different cryptocurrencies. Jaxx is one of the easiest to use wallets and I'm excited to be able to hold both my bitcoins and litecoins in the same wallet”, Charlie Lee, Creator of Litecoin, said.
According to the announcement, the integration will come into effect in early October and follows significant community demand as well as pre-approval from Apple’s App Store development team, who last month listed nine approved tokens available on the iPad and iPhone. After Apple asked cryptocurrency Dash to be removed from Jaxx interface, the iPhone maker listed Bitcoin, Ethereum, Litecoin, Ripple, Doge and TheDAO as approved tokens on the App Store. Later, Apple also approved Lisk, Digicash and Steem.
“We received countless requests from the community to add support for Litecoin, and we knew it was already accepted by Apple on the AppStore, so for us it's a perfect fit and makes the most sense right now. Litecoin has stood the test of time; it's very popular at number four, and it boasts better transaction times than Bitcoin”, Jaxx Founder and CEO Anthony Di Iorio said.
Litecoin is one of the globe’s most trusted cryptocurrencies and a leading alternative payment system. In conjunction with its Jaxx integration, Litecoin will use Q4 2016 to carry out memory usage improvements, faster signature validation, SegWit integration, and potentially, confidential transactions.
“Having Litecoin integrated with Jaxx allows our community members, who are also members of other communities, to feel a sense of unity when accessing platforms that allow multiple cryptos”, Andrew Vegetabile, Director of the Litecoin Association, said. “This partnership enables those cross-community members to access their various cryptocurrencies in one platform without having to worry about keeping up with multiple wallets and applications.”
Litecoin’s integration comes just a fortnight after Jaxx added support for Ethereum Classic and Dash before it. Jaxx will announce the addition of several more tokens for integration into their suite of wallets in the coming months. Since launching in June 2016, over 50,000 users have downloaded Jaxx.