Ripple and Litecoin on the move

revealer777 (45)in #crypto-news • 6 years ago (edited)

Litecoin Is Second Most Dominant Dark Web Currency

The study revealed Litecoin to be the second most dominant currency among dark marketplaces – with LTC payment systems being implemented on 30% of the platforms analyzed in the study.

The study, conducted by Recorded Future, involved the analysis of 150 leading dark web “message boards, marketplaces, and illicit services” in order to ascertain the scale of alternative cryptocurrency adoption on the part of criminal entities in response to rising bitcoin fees.

Recorded Future states that “The meteoric rise in popularity of bitcoin among household users, speculators, and institutional investors since mid-2017” placed “an enormous load on the blockchain network, resulting in larger payment fees.”

Dark Marketplaces Increase Altcoin Adoption

Ripple Partners, Saudi Arabian Monetary Authority Offer Pilot Program For banks

Dilip Rao, Ripple’s global head of infrastructure innovation, said:

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“Central banks around the world are leaning into Blockchain technology in recognition of how it can transform cross-border payments, resulting in lower barriers to trade and commerce for both corporates [sic] and consumers.”

Rao added,

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“SAMA is leading the charge as the first central bank to provide resources to domestic banks that want to enable instant payments using Ripple’s innovative blockchain solution.”

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