Litecoin Grows 655% in Just Two Months

Litecoin, a cryptocurrency that enables instant payments to anyone in the world, is experiencing a massive level of rapid growth.

litecoinThe cryptocurrency has gained 655% in a two month period, growing from a value of $3.98 on March 7th, to 30.06 on May 7th.  This is according to Coinbase.com, one of the world’s most popular platforms for purchasing and selling cryptocurrency.

Litecoin’s single-month growth is also massive, gaining 183% from 10.59 on April 7th, to the previously mentioned 30.06 on May 7th.

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Some Washington Marijuana Outlets Now Accepting Bitcoin, Have State Approval

According to Bitcoin.com, several cannabis outlets in Seattle are now accepting the cryptocurrency for marijuana sales. These outlets have approval from state officials.

bitcoinTwo months ago Bitcoin reported on Washington State giving marijuana outlets approval to accept Bitcoin for cannabis sales. Now, thanks to a startup called Posabit, a credit-card-to-bitcoin payment processor, multiple cannabis outlets in Seattle are accepting Bitcoin for those purchasing marijuana and marijuana products.

Posabit gives cannabis merchants and other brick and mortar stores an easy method of accepting credit cards and Bitcoin at any point of sale location. The system allows users to purchase Bitcoins with a credit card and use them to purchase goods from a cannabis location with a Posabit kiosk. The company says using their digital processor reduces cash transactions, which can be a danger for employees of marijuana businesses.

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