Developers of the Zulu Republic blockchain project presented Lite.IM software that will allow users to make Litecoin transactions using SMS and Telegram.
Litecoin goes text message. https://t.co/NmprkHuDlU
— lite.im (@liteim_official) August 9, 2018
Zulu Republic is convinced that Telegram is the safest messenger and provides all the necessary facilities for testing the concept before launching SMS payments.
Representatives of the project emphasize that a lot of people live in countries with limited access to the Internet, under conditions of strict censorship by political regimes, without access to financial services. In addition, 64% of the world’s population owns mobile phones, but only 33% have smartphones. This is the reason why Zulu Republic is convinced of the need to link SMS messages and Litecoin blockchain, not relying on the availability of the Internet.
Lite.IM will allow users to interact with Litecoin blockchain using text commands through a special API-system. At the moment, the community already has the opportunity to use Telegram-bot to check balances and send Litecoin to LTC-addresses or e-mail.
A bear market is the best time for people to work on adoption.
We build it and they will come. Adoption is key!
— Charlie Lee [LTC⚡] (@SatoshiLite) August 9, 2018
The creator of “digital silver” Charlie Lee is convinced that the bear market allows us to focus on developing solutions for mass adoption of technology.