The creator of Litecoin (LTC) Charlie Lee asserted that the Litecoin will show some remarkable success in the future on the trading chart, also he said that he has some plans in his mind regarding the usage of Litecoin for payments.
His views were expressed in the Forbes article, the article further elaborated that the achievement of Litecoin is to reach the maximum number of sales outlets and this project is not limited to Litecoin but also for Bitcoin. The only hurdle right now is its acceptance by the general public.
Lee strong believes the growth of digital coins and is holding an opinion that in the near future the cryptocurrency will dominate the world’s market.
He himself bought Bitcoin (BTC) for thirty dollars ($30) but later its price declines to just two dollars ($2) and he suffered loss, still, his views are not changed.
He expressed that the crypto will be comparable to the Mastercard and therefore one-day people will use it for everyday work. Litecoin will offer low transaction fees and is attractive for the customers.
Litecoin launch was a great success. Lee pointed out that though Litecoin has performed well, yet the volatility of Litecoin is holding back people for using it.
Therefore the ultimate goal of using this coin for payments is not easy to achieve and it takes a lot of time for the people to realize the importance of Litecoin and its effective utilization in the sales.
Lee showed reservations regarding the use of stablecoins, which is a new type of coin, he said that will never be a substitute for LTC or BTC as they are open to fraud and there is no mechanism of decentralization.