John Kim’s love for crypto has seen him take a drastic measure. Kim’s crypto journey began earlier in the year when he sold out his profitable business and invested all his life savings into cryptocurrencies. After that, he embarked on a one-person campaign to raise awareness and adopt his favorite cryptocurrency among the population.
In the past two years, John Kim has managed to give away thousands of dollars in LTC (Litecoin). He has also convinced bars and restaurants in the US to accept LTC (Litecoin) as an easy, and fast payment means.
Giving it all up for crypto
Kim used to work in different low paying jobs until his father helped him start his own business by giving him $10,000. In 2018, his company had grown and was the number two dealer in the whole Oklahoma area with nine mobile phone stores.
He started investing in BTC (Bitcoin) and ETH (Ethereum) together with his wife in 2017. He became drawn into the crypto world at the expense of his family and friends. He was explicitly attracted to LTC (Litecoin). Currently, the altcoin is the fifth-largest market cap and was designed to be faster at processing transactions than BTC (Bitcoin). LTC (Litecoin) was created by Charlie Lee, an MIT graduate, former engineering head at crypto exchange Coinbase, and Ex-Googler.
The two started striking up a correspondence on crypto Twitter after Kim defended Lee from critics who complained that he had sold LTC holdings at peak price.
“I explained to him about my background. I never lived a great life. I messed up a lot when I was young. I never had any idea about blockchain’s technical side but opted to give it a chance. I swear never let you down,” Kim told Lee. Lee verified the exchange and never added any comment.
Living Litecoin Life
It never took long before Kim’s mettle was tested. LTC dropped to $22, while its all-time high was $400 back in 2017. Kim went broke and experienced some of the darkest moments in his life. The Litecoin community came through for him. Paying for a hotel room and offering a spot on the couch.
People derided him as foolish and irresponsible outside the crypto space. During the inaugural 2018 convention, Kim appeared as Lee’s bodyguard. They visited 30 US cities within 30 days carrying out a promotional tour.
Surprisingly enough, Kim never requests money from the Litecoin Foundation when he decided to go to Asia to administer cryptocurrency development. He tweets his intention, and the next week he was on a first-class seat to Asia courtesy of travel website Travala and OKEx crypto exchange.
So far, Litecoin has earned a reputation for adding new features and integrating retail payment apps such as SPEDN. SPEDN allows merchants to accept payment from customers’ phones to over 40,000 different locations.
The Litecoin Foundation will be rolling out its latest white-label card. Litecoin Foundation announced with Ternio, a global fintech company. Litecoin Card refers to a crypto debit card that allows users to load with LTC (Litecoin) and spend over 50 million different merchants worldwide.
Litecoin card will provide its users with the ability to fund their account using Litecoin together with other supported cryptos that will help ensure immediate spending power. It is considered the most efficient way to make a purchase with LTC (Litecoin) or withdraw cash at an ATM. The LTC (Litecoin) users can easily register for an account, pass the KYC, and have a virtual card issued for use as they wait for the physical card to be shipped to them. It is perfect for LTC (Litecoin) enthusiasts who are committed to keeping their funds in the altcoin until the point of sale, unlike the other crypto debit cards, which hold their users’ funds in a proprietary currency.