Litecoin News
Litecoin Becomes The First Cryptocurrency Supported By The UFC

The Litecoin Foundation has recently made its way into the Ultimate Fighting Championship (UFC) mixed martial arts organization. As we can see from the latest cryptocurrency news, Litecoin (LTC) is now the first altcoin and token in general that has sponsored this type of competition which is very popular in all parts of the world.
In a statement, the foundation said that it has become “the official cryptocurrency partner” of the UFC light heavyweight title fight between Jon Jones and Alexander Gustafsson. The Litecoin Foundation also announced that this sponsorship is a way to expand the adoption of digital currencies, stating:
“With brands and institutions continuing to push into cryptocurrency and blockchain, this is yet another signal of this technology moving closer towards the mainstream.”
Released in 2011 by the former Coinbase engineering director Charlie Lee, Litecoin is a proof-of-work cryptocurrency with a limited supply at 84,000,000 LTC. It is not centrally managed but the Litecoin Foundation develops its network where Charlie Lee is the managing director.
This is one of the most popular moves for the altcoin to promote itself even further to the masses and gain coverage in one of the most popular sports events around the world.
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“This collaboration propels Litecoin in front of an audience of millions of people around the world at a time where adoption of cryptocurrencies continues to gain momentum and the ecosystem is able to support real-world use cases in ways previously not possible,” the head of Litecoin Foundation Charlie Lee recently said.
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