Paul Puey CEO tweeted that they may have to start paying Airbitz employees with either Litecoin or Ethereum due to the high Bitcoin transaction fees.
"Airbitz is a bitcoin wallet provider and merchant directory headquartered in San Diego, CA founded by Paul Puey, Scott Morgan, Tim Horton, William Swanson, and Damian Cutillo." Wikipedia
Charlie Lee, the founder of Litecoin retweeted the post with the comment " Seems like a good time to add Litecoin support to Airbitz!"
As Bitcoin transaction fees and times increase, the move into other alt coins such as Litecoin will accelerate.
A recent post from Steemian @kingscrown highlighted some of the obscene Bitcoin transaction fees.
I encourage you to check out his post here
Stories like these won't be going away anytime soon as it appears there is no resolution on the horizon for the Bitcoin community.
This may be an opportunity for Litecoin which successfully activated SegWit, to solidify it's place in the crypto market.
What do you think?
Have you experienced high BTC fees?
Will Litecoin become a viable alternative?
Let me know in the comments below!
Sources
https://twitter.com/SatoshiLite/status/864793054372179969
https://twitter.com/paullinator/status/864677019128287232
https://airbitz.co/
If you want to stay up to date on crypto and Fin Tech news follow my blog @digicrypt.
DASH: XgQ9NBonMoCPKhF37agY4W8zk7gwQFnwGV
Litecoin: LfqygtBxy3AJgEpTnTMUYGEoTYEcED8YPZ
