Respected global entertainment, gaming, and consumer brand platform Atari has partnered with the Litecoin Foundation, to use Litecoin as a payment means for its upcoming Atari Token, Atari VCS Game System, among others.
The Litecoin Foundation made the announcement today. The collaboration is multifold and it is expected to include the usage of Litecoin for payment on Atari’s gaming platforms.
Widely known for some of its excellent games like Centipede, Breakout, Asteroids, and some others, Atari sits atop in the gaming industry.
Litecoin is going to be featured in every payment on Atari platform and will be used in paying for the acquisition of the much-awaited Atari Token. LTC will also be used for payment on Atari Casino.
The launched Atari VCS game console will be acquired using Litecoin at a discounted rate.
Through the VCS, which is a completely new PC/console hybrid, users can play over a hundred topnotch games and stream nothing less than 4,000 videos.
The consoles give users the room to upload their videos and apps to create a better environment.
The Managing Director of the Litecoin Foundation, Charlie Lee who was enthused with the collaboration, said a lot of people grew up playing Atari games. He said Litecoin has the avenue to be featured in different areas on the Atari ecosystem.
Charlie Lee has been spearheading the adoption of Litecoin through the Litecoin Foundation. The not-for-profit organization had in the past collaborated with different firms and sporting events just to increase the global use of LTC. Do not forget that the Litcoin Foundation has an investment in WEG Bank, all thanks to TokenPay.
Meanwhile, the Atari Token, which is to be issued on Atari Chain, is billed for launch in September of 2020.
Atari has over 200 games in its portfolio and has been a formidable force in the entertainment industry for a long time.
Litecoin Partners With MeconCash to Launch 13,000 ATMs in South Korea
In February 2020, it was announced that Litecoin (LTC), the 7th largest cryptocurrency based on market capitalization, was made available for withdrawal in Korean Won at more than 13,000 ATMs in South Korea. Litecoin Foundation announced just recently that LTC will become mainstream in South Korea thanks to a partnership with MeconCash.
LTC, which had its structure and ideology derived from Bitcoin, enables people to make peer-to-peer transactions without the need for a central or governing body.
MeconCash plans on integrating Litecoin into its M.Pay platform, thereby letting LTC holders transfer remittances to Korea from across the globe and to have access to instant cash. LTC users will have the luxury of purchasing products and services on MeconCash’s MeconMall and pay for smartphone games that use M.Pay as its rewarding system.
The chair of MeconCash, Jo Jae Do, asserts that the partnership will yield more beneficial usefulness over time. He explains that the ATM service provision in South Korea was just the beginning of the partnership with Litecoin Foundation. He also added that thanks to the coalition with Litecoin Foundation, they can grow to a global scale and make relevant synergistic relationships across the globe.
Litecoin is Pivotal to South Korea’s Cross-Border Payment Methods
The founder of Litecoin, Charlie Lee, has proven his commitment to forging large-scale coalitions that can catapult Litecoin to a wider audience and adoption. He has recorded several major partnerships within different industries including the MMA, K-pop, and sports sectors.
Lee explains that the new integration into M.Pay’s network and across a vast network of ATMs is a huge move in the direction of giving Litecoin a larger ‘foot mark’ in the South Korean market. He added that the move was also to put Litecoin into the country’s remittance sector which is recorded to move a whopping $6 billion yearly.
The director of Litecoin Foundation, Alan Austin reinforces that Litecoin (through its incredible speed, top-notch security, and meager transaction fees) poses a substantial advantage for traditional cross-border fund transferring mechanisms via the M.Pay system.