Litecoin, which is the second favorite cryptocurrency in the Czech Republic, has seen its value jump by 30 percent in recent days thanks to promises that will allow merchants to accept payments in the currency. Their motivation to do so will be the ability to earn money in the currency by doing so. Litecoin’s rise is all the more remarkable because it has outstripped progress made by Bitcoin in the same period. The currency will split in two, with each owner of Litecoin to receive 10 coins of Litecoin cash. Litecoin’s founder Charlie Lee has called the move a scam. The currency is accepted by a range of stores in the Czech Republic, including Alza as of last week.
