Today, Litecoin has had a massive win. For the first time, a major company has chosen to accept only LTC. That's right. They don't support Bitcoin and have no plans whatsoever to add support.
UPDATE: The source may be fake news. If anyone in the Czech Republic can confirm if Uber is supporting LTC or not, that'd be great. (supposedly they have an email press@uber.com if someone wants to ask them)
It's a great day for LTC, when companies choose Litecoin over Bitcoin.
Note: At the current point in time, this is a trial run in the Czech Republic, it's not available in countries such as the UK and US. If the Czech trial goes well, they may roll it out to the rest of the world.
Here is Uber's response to "will you accept BTC?"
No, unfortunately, we do not want to clog the user application and will only support Litecoin for now. It has been selected because it supports SegWit, has fast transactions with low fees and it’s development team shows integrity. We are also keen to leverage the upcoming features they are adding, such as Lightning Network.
In my own products, I'm encouraging the use of Litecoin for similar reasons. Bitcoin is slow, has high fees, and the development teams are constantly at war with each other.
Here's what Litecoin has to offer:
- Extremely low fees. Average fee is just 0.001 LTC (that's just $0.02 compared to Bitcoin's average of $10)
- Segregated Witness (Segwit), proudly voted in by the miners, not UASF
- Lightning network (Bitcoin won't get this for many months, since they still can't decide on segwit)
- A brilliant developer team
- Widely support by various wallets, and many merchant providers such as CoinPayments
- A thriving economy. Litecoin is supported by almost every major exchange, including Poloniex, Kraken, Coinbase, Litecoinlocal, GDAX, and many more.
While STEEM/SBD also has brilliant features, Litecoin already has a big adoption, and is much more supported as it uses the same core as Bitcoin.
Source: http://ico.newsbtc.com/gigant-Uber-accepting-Litecoin/