Litecoin Foundation Announces New Partnership With Videogame Maker Atari

By Tsunami 05/20/20 4:27 AM

The Litecoin Foundation and videogame maker Atari have formed a new partnership that among other things will make Litecoin an accepted means of payment for the soon-to-launch Atari token.

The partnership will see Litecoin added as a method of payment to interact with the Atari ecosystem. Full details are yet to be published on what exactly this entails although we do know Atari’s VCS game and streaming console (built on a linux based OS and using the same name as its 1977 Video Computer System) will be purchasable with Litecoin for a discount and can be pre-ordered via Atari’s website. Likewise it will also be available via the Litecoin Foundation which will see a percentage of each sale go directly towards supporting their efforts.

Of the announcement, the Foundation’s managing Director, Charlie Lee said:

“Many of us remember growing up and playing games from Atari” … “It is great to see Litecoin being used in a variety of different ways within the Atari ecosystem, from purchasing the new Atari VCS gaming console to being used as a way to invest in Atari Tokens. The Litecoin Foundation is excited to see the possibilities a partnership like this can have for not only Litecoin and cryptocurrencies but also the gaming industry and lifelong fans of Atari.”

I became a software engineer b/c I loved video games and learned to program at a young age. I have fond memories of my first game console, the Atari 2600.

I’m excited about this partnership with @atari and soon the ability to preorder the Atari VCS with LTC! ?️#PayWithLitecoin https://t.co/iMjhpJcJsh

— Charlie Lee [LTC⚡] (@SatoshiLite) May 19, 2020

Regarding future collaborations, Lee shared some further insights with us stating:

“We are definitely going to talk in the future about other ways we can work together. Like using LTC in game maybe.” “We will like do some joint merchandising like tshirts with Litecoin and Atari on them.”

The CEO of Atari, Fred Chesnais, explained that LTC’s ease of use and low transaction fees will be the perfect fit for the Atari ecosystem.

We are pleased to have Litecoin as a means of payment for the Atari Token Sales. Litecoin’s ease-of-use and low transaction costs make it a perfect fit for use alongside the Atari Token and other projects.

The Atari Token will have a list of uses such as managing Atari purchases and playing games in Atari Casino. The token will also be used in yet-to-be-released games where users play against each other.

Atari Chain Ltd. is a subsidiary of Atari SA, created to lead the development of ongoing projects in the field of cryptocurrencies in entertainment-based industries. The Atari Token, currently slated to launch by September of 2020, is issued by Atari Chain, Ltd (Gibraltar), a company equally owned by Atari and the ICICB Group.