Why LTC Outranked ETH in Nigeria
Coming in the wake of the news that Coinbase is working to add buy option for Litecoin on its platform is figures that show that all seems to be looking good for Litecoin as well as Ethereum as the next burgeoning digital currencies that will follow Bitcoin in importance in parts of Africa. Luno gathers that about 16.7 percent of respondents have Litecoin in Nigeria over 11.7 percent for Ethereum and at a far distance to Bitcoin’s 68.3 percent.
Though Ethereum is not new to Africa, it’s a little surprising that some Africans have been following Litecoin. A co-founder of Coinbase has confirmed that the digital asset exchange company headquartered in California will work on adding Litecoin fiat buy option on its platform.
By the next day, GDAX reports that the 24-hour volume of Litecoin traded on its platform crossed one mln LTC for the first time. Though GDAX is a trading platform launched by the Coinbase in 2016, there have been calls by some users for Coinbase to make Litecoin trading available on its platform too to which GDAX responded is being worked upon though no time frame was provided.
In a related development, Chandler Guo, Angel Investor and Advisor, has been added as a member and community advisor in China to the Litecoin Foundation which seeks to promote, protect and standardize the Litecoin system.