*By Jacqueline Corba*
Litecoin is now available for trading on Robinhood.
That means users of the millennial-focused trading app can invest in the cryptocurrency commission-free in the 17 states where the service can trade the digital asset.
Charlie Lee, founder of Litecoin, praised Robinhood for the ease of use of its fintech platform, but the news didn't move the needle for investors Thursday.
"We are getting a lot more adoption and the price has gone the opposite way," Lee said in an interview on Cheddar's The Crypto Craze. "In the short term it doesn't track it, but I think we are doing well for the long term, and the price will come back. It's just a matter of time."
Litecoin, the sixth largest cryptocurrency by market cap, is trading at about $76 dollars, about the lowest its been since last November. Prices peaked at over $360 in December, but have sold off along with the rest of the digital currency market.
The Robinhood partnership came a day after Litecoin Foundation announced it acquired a [nearly 10 percent stake in Germany's WEG Bank](https://www.tokenpay.com/litecoin), a deal that could help expand where the digital currency is used.
"We've had trouble getting a bank account," Lee said. "With this bank deal we are looking to do our own merchant payment processor."
The ultimate goal, said Lee, is for people to be able to spend Litecoin anywhere they go.
For the full segment, [click here.](https://cheddar.com/videos/robinhood-adds-litecoin-to-crypto-trading-platform)
Fintech pioneer Tom Sosnoff discusses the evolution of retail investing, the rise of AI, and his new platform Lossdog aimed at the next generation of trading.
The FAA prepares to select cities for its eVTOL pilot program, marking a major step toward electric air taxis and the future of urban air mobility in the U.S.
Rising oil prices tied to the Iran conflict are driving up gas and airfare costs, creating new challenges for travelers heading into the spring break season.
The Supreme Court strikes down Trump-era tariffs, limiting presidential trade powers and raising questions about refunds, global trade, and business impact.
New research from GoDaddy and UCLA shows small businesses signal shifts in GDP, jobs, and digital growth earlier than traditional data or Wall Street trends.
GoFundMe launches Back in Business Fund with Paris Hilton to provide targeted grants helping women entrepreneurs recover and rebuild after natural disasters.
Samsung launches its “AI in Action Lab” in NYC, giving public high school students hands-on AI experience and tools to prepare for real world innovations.
Gen Z workers are increasingly worried AI could replace their jobs. However, experts say companies are using AI more to assist workers than replace them.
