One of the largest providers of services that are provided in the field of secure storage of cryptocurrencies is BitGo. After the signed agreement with the Litecoin Foundation, it was decided that cooperation with it will be carried out. There is no publicly available information about the details and features of this agreement, the details were not disclosed by the companies. But in the official account of the corporation on Twitter, a corresponding entry was still published to notify users of the innovations introduced.

It has been suggested by numerous regular publications that although BitGo will provide services to Litecoin owners, it is likely that this will have nothing to do with ordinary users.

It should be noted that in September of the previous year, 2019, the Litecoin Foundation entered into a partnership agreement with CelsiusNetwork, which was chosen to carry out asset management of the enterprise. Based on the information available, the Litecoin Foundation has recently had financial problems and difficulties. One of the negative factors was the announcement of the free distribution of Litecoins on the YouTube channel. The company managed to prove that this channel is fraudulent and its purpose is to steal users altcoins. In order to make their account look believable, the attackers posted the same type of video recordings of the enterprise conference on it. The announcement was a record indicating a completely free distribution of 100 thousand litecoins. It was also noted there that in the case of transferring from 10 litecoins to the specified account, this reward can be increased tenfold. The cybercriminals activities somewhat undermined the reputation of a successful company.

Prospects and benefits

Despite all the negative aspects, the company was quite active. Despite difficulties, the company in August bought a 10% stake in WEG Bank AG, located in Germany. In addition, the corporation became a sponsor of a title fight at a mixed martial arts tournament. Also important is the fact that the value of Litecoin is quite stable, the cryptocurrency holds the seventh place in the rating by capitalization, which is a pretty good indicator. The Litecoin blockchain allows users to exchange money absolutely confidentially and as securely as possible.

Experts predict excellent prospects for Litecoin:

the system is multifunctional, its reliability has been proven over the years;
fast and private transactions make the company trusted by users;
due to deflation, the price of Litecoin rises.
This peer-to-peer Internet currency makes it possible to make payments with almost zero commission to people located anywhere in the world. The central authorities have nothing to do with the management of the decentralized payment network, which is an undoubted advantage for users. This altcoin has more advantages than disadvantages. Therefore, despite the fact that today more and more new projects appear on the cryptocurrency market, many people want to buy Litecoin, because the price is relatively stable, and the currency is among the top ten in terms of capitalization. Today you can buy Litecoin for $ 48.8.