Cryptocurrency Litecoin, often called the silver to Bitcoin’s gold, has been added as a payment option for the upcoming Atari VCS home video game console. Atari’s partnership with the Litecoin Foundation, which serves to promote the eponymous cryptocurrency, will allow players to use Litecoin in various ways throughout the Atari ecosystem.
Litecoin (LTC) - like Bitcoin, Ethereum, or Monero - is a decentralized, secure, peer-to-peer cryptocurrency that enables quick transactions to anywhere in the world without the need for third parties. You will be able to use any LTC you may have lying around to invest in Atari Tokens, which will be used in the upcoming Atari Casino - all of which represents an effort to diversify the Atari brand.
The use of the Atari Tokens within the casino are not any different than the tokens you’d get in a casino. Although they hold no real value outside of the casino (hence the name tokens, and not coins, used to distinguish the two in the cryptocurrency industry), they can be used to play or trade with other players. The difference, compared to more traditional means, is that the underlying blockchain technology promises reliability and security. Decentralization means there is no single entity who can manipulate the blockchain, everyone can see every transaction on it, and it’s pretty heavily encrypted to protect from malicious activity.
All of this means that fans of Atari and cryptocurrencies are seeing their two worlds collide - and everyone else can join in. More payment options never killed anybody, right?
Source: Atari
