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What Crypto Really Thinks About Litecoin's Banking Ambitions
It was news that was perhaps too strange for crypto's typically divided reactions. First revealed Wednesday, the Litecoin Foundation, the non-profit that develops the software that powers the sixth-largest cryptocurrency, bought a stake in a very real, non-crypto bank. The move was met with applause and skepticism, but also a stunned sense of disbelief from nearly all sides. Was it a sign that crypto is becoming so powerful it will soon overturn the rule of banks? Certainly that theory was well-represented in the initial reactions... Indeed, the news had imaginations operating at full speed, with some going so far as ... (full story)