Litecoin will use Incognito Network to implement anonymous transactions

As work continues on integrating MimbleWimble for anonymous transactions, the community of Litecoin, the blockchain founded by Charlie lee, you have decided to use Incognito Network to speed up the process of implementing anonymous transactions that protect privacy of the recipient and the sender.

And indeed, as stated on the Incognito Network blog in a post written by Aaron Ahmadi , project marketing strategist:

“When you send LTC to your incognito wallet with the new bridge, you receive pLTC at a one-to-one rate. From there, you can use your LTC as you normally would, within the incognito network. All tokens can be traded back to standard LTC at any time. Your pLTC will be burned and standard LTC will be sent to your wallet at a one-to-one rate. "

Thus, the process is already feasible and simple, thanks in part to pNetwork and its pLTC, which are simply tokens linked 1 to 1 with Litecoin but on the Ethereum blockchain.

Meanwhile, the MimbleWimble integration has been talked about for a long time and the developer David burkett has made it clear that testing will likely be completed at End of the year, but in the meantime, it will be possible to use Incognito Network.

Other news about Litecoin

But the news for LTC does not end there, as Future’s Value, a company specialized in blockchain, has partnered with eTaxi, the Radio Taxi of Milan and province, to integrate the cryptocurrency payments, including Litecoin (LTC).

Soon it will be possible to book a taxi ride using Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Dash scanning a QR code from a dedicated application.

In reality, this is not the first time that taxi circuits have accepted cryptocurrencies: in Rome, Milan and Naples, Chainside has already allowed people to pay for their trip with Bitcoin for years.