Hong Kong – The highly anticipated 2023 Global Digital Mining Summit (WDMS) convened on 23 September in Hong Kong, attracted blockchain enthusiasts and experts from around the world. Among the event's highlights was an intriguing comment by the co-founder of the Litecoin Foundation, Dr. Xinxi Wang. Dr. Wang asserted that Litecoin (LTC) has ascended to the ranks of the world's foremost digital payment currencies, trailing only behind Bitcoin in popularity.

A key element of his speech, Dr. Wang highlighted the evolving trends in the cryptocurrency space, hinting at a possible future where Litecoin might even surpass Bitcoin to claim the throne as the leading digital currency in payments. This observation generated considerable buzz among attendees and the wider crypto community, and all are appreciative of the rapid growth and potential of Litecoin.

One of the metrics discussed during the event was the explosive increase in LTC wallet registrations over the past few years. This apparent surge in interest and adoption indicates a growing appetite for Litecoin as a reliable and widely accepted medium of exchange. Dr. Wang emphasized that this trend could herald the start of Litecoin's impending dominance.

The Litecoin Foundation, dedicated to fostering the development and adoption of Litecoin, is making strategic moves to support its ecosystem. In a move that signifies its commitment to enhancing the cryptocurrency's utility, the Foundation recently extended its support to LTCPay.com, a payment platform based in Singapore. This initiative is expected to drive the growth of Litecoin's ecosystem by facilitating seamless and efficient payment solutions.


Digital payment token investments, such as cryptocurrencies, are not guaranteed by service providers or cryptocurrency exchanges and the government. It is crucial to exercise caution in investing, including the awareness that a part or all of the capital may be lost and may not be recovered, especially in cases of high price volatility or down market, bankruptcy, seizures and other factors. Hence, the user’s risk tolerance, investment appetite or capacity for loss should be set firstly, and they should observe safe and knowledgeable investment practices accordingly. For more information, please visit MAS' website.


Coinut.com is a financial entity regulated as a Money Services Business in Canada and an exempt entity under the Payment Services Act in Singapore. Please be reminded that cryptocurrency trading is highly risky and is not suitable for the general public. For more information, please refer to Risk Warnings and Risk Statements.