Litecoin, in addition to 8 other cryptocurrencies will be accepted for goods and services in Panama, proving that just because a technology is "old" you shouldn't dismiss it.

Panama just announced it will accept Litecoin amongst other cryptocurrencies for payments of goods and services pending acceptance of their draft bill.

Other cryptocurrencies to be accepted are IOTA and XRP. Yes cryptos that this sub considers "dead coins" and instantly dismisses because they are not trendy.

Panama accepting old coins highlights a couple of things. Firstly in the race for adoption countries and institutions will be looking at chains that are SECURE and trusted, with low transaction fees. Older chains have the advantage of being around for a long time, so they are already tried and tested. Litecoin for example has had 100 percent uptime for 10 years straight. That's a pretty decent achievement.

Secondly it goes to show you shouldn't instantly dismiss an "old" coin on the basis it is old and not trendy on this sub. It would pay for you to assess each coin on its merits and not always DCA into the trendiest coin (looking at you apecoin).

So in summary, with crypto transitioning from a SPECULATIVE market to a USE CASE market, it might pay to look again at older technologies that are tried and tested. They may be the darkhorses that make you alot of money.