Many cryptocurrencies are trying to tie up with corporates and companies to increase blockchain usage. The more the number of blockchain users, the higher is the credibility of the cryptocurrency. The problem is that just by tying up with the cryptocurrency, you cannot increase the blockchain use. You have to ensure that the corporates are using your blockchain. Only when that is the case, the blockchain can gain more credibility. You have to look at the recent tie-up of Litecoin (LTC) in this light to know more.
How can the new partnership help Litecoin (LTC)?
Can Litecoin (LTC) penetrate the entertainment industry?
CU entertainment Global is organizing a K-Pop concert which is going to happen on April 6, 2019. The ultra VIP tickets of that concert will be purchasable through Litecoin (LTC). Moreover, it is expected that many of the celebrities will also promote Litecoin (LTC). The South Korean market is also pretty lucrative for most of the cryptocurrencies. There are quite a few cryptocurrency investors in South Korea. That is why this tie-up will further increase the credibility of Litecoin (LTC). Moreover, with the sale of tickets using Litecoin (LTC), the transaction volume will surely increase eventually.
Thus, the new partnership which Litecoin (LTC) has forged will result in positive effect at a later stage.