Litecoin with Incognito Network for anonymous transactions

Litecoin with Incognito Network for anonymous transactions

While work continues on the integration of MimbleWimble for anonymous transactions, the Litecoin community, the blockchain founded by Charlie Lee, has decided to use Incognito Network to speed up processes and get payments Immediate Bitcoin that protect the privacy of the recipient and sender right away.

And indeed, as stated on Incognito Network’s blog in a post written by Aaron Ahmadi, marketing strategist for the project:

„When you send LTCs to your Incognito wallet with the new bridge, you receive pLTCs at a one-to-one rate. From there, you can use your LTCs as you normally would, within the Incognito network. All tokens can be converted back into normal LTCs at any time. Your pLTCs will be burnt and the normal LTCs will be released into your wallet at a rate of one to one.

The process is therefore already feasible and simple, thanks in part to pNetwork and its pLTCs, which are nothing more than tokens pegged 1-to-1 with Litecoin but on the Ethereum blockchain.

On the other hand, the integration of MimbleWimble has been talked about for a long time and the developer David Burkett has made it clear that the tests will perhaps be completed by the end of the year, but in the meantime you can then use Incognito Network.

Litecoin news beyond Incognito Network

But the news about LTC doesn’t end there, because Future’s Value, a company specialising in blockchain, has partnered with eTaxi, the Radio Taxi of Milan and province, to integrate crypto payments including Litecoin.

It will soon be possible to book a taxi ride using Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Dash by scanning a QR code from a dedicated app.

This is actually not the first time that cryptocurrency has been accepted by taxi circuits: in Rome, Milan and Naples, Chainside has already allowed people to pay for their ride with Bitcoin for years.

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