Litecoin Foundation has announced that the LTC will now be present on the Safepal cryptocurrency wallet which is integrated with the Binance features.
Recently a partnership was made between Litecoin Foundation and SafePal. Binance DEX has also invested in this cryptocurrency wallet, so this storage wallet has got the back of Binance as well.
— Litecoin Foundation (@LTCFoundation) September 11, 2019
LTC has joined this wallet in order to facilitate its users by providing an easy safe way of storage and to spread the coin adoption.
SafePal is a cryptocurrency storage wallet that was developed by the employees of South Korean and Chinese companies. It has also connections with Huawei, Tencent, and Samsung.
The SafePal team describes it in the following words:
SafePal aims to solve real-case problems that crypto users are facing with in their day-to-day crypto storage, payment and management. Our mission is to provide the most secure, easy-to-use and affordable hardware wallets for the masses.
Other than this the coin also does not use any kind of Bluetooth or Wifi because it works offline.
The Binance-backed cryptocurrency wallet is now officially supporting the Litecoin. SafePal will also give ten safepal and LTC shirts on the occasion of the celebration of the partnership.
SafePal is now officially supporting @LTCFoundation!
You can now transfer LTC easily in our wallet!#PayWithLitecoin and keep your Litecoin #SAFU on SafePal!
To celebrate, we will be giving away 10 SafePal and Litecoin T-shirts to our community. Check the rules below in comments! pic.twitter.com/9Qb294i7bA
— SafePal (@iSafePal) September 11, 2019
Apart from this token, the SafePal wallet is also supporting other coins such as BTC, ETH, XRP and 500 more.
The importance of this wallet is that it provides complete safety to all coins. In the case of hacking, the private key of the users will self-destruct itself and the coins will still be safe.