By FintechNews staff
Bitcoin Latinum (LTNM), the next generation, insured, asset-backed cryptocurrency poised to revolutionize digital transactions is announcing its upcoming plan to launch on ten additional global exchanges in 2022, bringing its total to 20 publicly-traded exchanges
As a cornerstone of Monsoon Blockchain’s strategic plans to further the mass adoption of Bitcoin Latinum, the company has been forging global partnerships with corporations that will integrate the token for their retail transactions. Significant adoption of Bitcoin Latinum and Monsoon’s blockchain ecosystem has been taking place, with a focus on insurance, entertainment, gaming, and data storage entities.
Global adoption of cryptocurrencies for use in retail transactions has been steadily increasing. Within a span of four months in 2021, the global crypto user base doubled from 100 million to 200 million. The ease of purchasing cryptocurrencies has increased significantly over the past two years. As of January 2022, the total market cap for all cryptocurrencies crossed two trillion dollars, with over $116 billion in daily trading volume. Matt Hougan, the chief investment officer of Bitwise Asset Management, told Bloomberg TV in December that Bitcoin could hit $100,000 in 2022.
Bitcoin Latinum was built as an open-architecture cryptocurrency technology, capable of handling large transaction volume, cybersecurity, and digital asset management. Based on the Bitcoin ecosystem, Bitcoin Latinum was developed by Monsoon Blockchain Corporation on behalf of the Bitcoin Latinum Foundation. LTNM is a greener, faster, and more secure version of Bitcoin, and is poised to revolutionize digital transactions.
Unlike other crypto assets, LTNM is insured, and backed by real-world and digital assets. Its asset backing is held in a fund model, so that base asset value increases over time. It accelerates this asset-backed funds growth by depositing 80% of the transaction fee back into the asset fund that backs the currency. Thus, the more Bitcoin Latinum is adopted, the faster its asset funds grow, creating a self-inflating currency. This highlights Bitcoin Latinum Foundation’s commitment to supporting the growth of a sustainable crypto ecosystem.