Spendbtc.io accepts Litecoin for giftcards, with KYC being option. This is another brilliant use case for Litecoin. The way Litecoin has been implemented, pretty much everyone seems to want to implement this lighter Bitcoin on their platform.
Spendbtc.io is an interesting platform allowing users to buy gift cards using bitcoin, that can be redeemed on many platforms. Airbnb, Amazon, Netflix, Spotify, Steam are just some of the platforms supported by the website, with an ever growing list. This also works great for buying a card to use for later, or just gifting the card to someone for a birthday.
Litecoin is just like cash, it’s easily attainable through simple hardware mining and pretty much implemented everywhere. With much faster transaction speeds and lower transaction costs, it’s a great way to just send small amounts between friends. Litecoin aims to resolve the scalability issues that Bitcoin has — which means to allow more transactions to happen at a single time on the network.
Litecoin is more accessible to the people than Bitcoin, hence known as “silver” of crypto world and Bitcoin referred to as “gold” of the crypto world. It’s clear that Litecoin will be a powerful digital currency. Litecoin is listed on a wide range of cryptocurrency exchanges around the world, featuring not only in crypto-to-crypto pairings but also available for direct exchange with a number of fiat currencies. This widespread acceptance across exchanges improves public perception of the coin’s credibility and also makes it easy to access for traders all over the globe.
A Redditor even spotted a “Litecoin Accepted” sign ona store window in Bialystok, Poland!
Even though the Halving is nearing, and Charlie Lee the founder of Litecoin dismisses the value of Litecoin in the coming weeks, saying that once it has been halved, miners will turn off their machines as it will no longer be profitable to mine. This might be true, but the capacity of Litecoin and how popular it has been with its implementation might quickly prove otherwise.