The dusk seems to be over for cryptocurrencies and the dawn is gradually approaching as most cryptographic projects introduce one or more developments into the space to remain formidable in the market.
Within the same realm, two popular Cryptocurrencies – Bitcoin (BTC) and Litecoin (LTC) were handed major adoption boost in the Asian market.
A Singaporean based crypto exchange, COINUT, in an update revealed that a Bitcoin/Litecoin Automated Teller Machine (ATM) has been installed at Liang Court shopping centre in Singapore.
Singapore Liang Court shopping centre added a Bitcoin/Litecoin ATM. pic.twitter.com/Vais8S4lBx
— COINUT EXCHANGE (@coinut_exchange) January 5, 2019
In response to the developmental update, lovers of coins on twitter jubilated with much delightfulness.
A twitterati also asked for a detailed address of the crypto ATM, and the exchange responded: “It’s beside the DBS ATM machine”.
Although, based on the information obtained by Today’s Gazette, a crypto ATM offering Bitcoin service previously existed in the area, but the latest development introduced Litecoin (LTC).
The Ripple Effect Of The Liang Shopping Centre Crypto ATM On Litecoin (LTC)
Subsequent to the announcement, the cryptocurrency tagged to be most suitable for everyday use, Litecoin, witnessed dramatic growth in value, jumping up with about 13% in the last 24 hours according to CoinMarketcap.
Since the last 24hours, LTC has been on the rising wedge, threading the path northward for an unimaginable price that would see its value at the top of the hill.
At the early hours of the European trading, Litecoin (LTC) increased its rising tempo, signally more seriousness for the pinnacle.
However, analyst weighed in that the introduction of LTC on the crypto ATM must have skyrocketed its adoption and could help elevate the altcoin to a greater height in no time.
About Liang Court
Located on the Singapore River, Liang Court is a shopping mall sited centrally for easy access. The shopping mall is situated in a mixed-use complex that comprising of 26 storey serviced apartment, a 326 room Novotel Clarke Quay Hotel and Somerset Residences.
The net surface area of the floor is calculated to be 272,000 square feet and it has 727 parking lots with a total of 5 floors and 2 basements
Based on the characteristics of the complex, observes opined that Liang Court shopping centre is sure an excellent place to push crypto mainstream adoption.