Press release
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may 19, 2020 - Atari
Atari® Partners with Litecoin Foundation, Adding Litecoin As Means of Payment for Upcoming Atari Token, Atari VCS Game System, and Other Future Products
New York, NY (May 19, 2020) – Atari® — one of the world's most iconic consumer brands and entertainment producers — today announced a #partnership with the Litecoin Foundation, the non-profit organization created to promote the awareness and adoption of the decentralized cryptocurrency, Litecoin.
Litecoin is a decentralized, fully secure peer-to-peer cryptocurrency, enabling instant, near-zero cost payments to anywhere in the world without the need of a third party. The #partnership between #atari and the Litecoin Foundation will extend into multiple areas, to include the use of Litecoin across gaming platforms within the #atari ecosystem, along with other potential ventures, such as joint merchandising.
Atari, known globally for some of the most beloved video games in history such as Asteroids®, Breakout®, Centipede®, and others, will provide Litecoin users the ability to use their coins in multiple ways throughout the #atari ecosystem. The first is as a means of investment into the soon to be released #atari Token. The #atari Token will have multiple uses, including the ability for holders of the token to manage purchases, and track digital assets within the #atari ecosystem, and as a payment method in the recently announced #atari Casino.
Litecoin will also become an option for purchasing the much-anticipated new #atari VCS game console at a discount. The VCS is Atari's all-new PC/console hybrid, that will allow users to not only play hundreds of modern and classic video games and stream 4K video, but also allow users to create and upload their own games and apps for others to enjoy.
"Many of us remember growing up and playing games from #atari," said Charlie Lee, Managing Director of the Litecoin Foundation. "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."
"We are pleased to have Litecoin as a means of payment for the #atari Token sales," said Fred Chesnais, CEO of #atari. "Litecoin's ease-of-use and low transaction costs make it a perfect fit for use alongside the #atari Token and other projects."
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.
For more information on the #atari Token, please join #atari Telegram at https://t.me/AtariTokenOfficial and visit atarichain.com.
Learn more about the new #atari VCS and pre-order yours at AtariVCS.com, or sign up for the Atari VCS Wish List to be notified when the #atari VCS is available to purchase.
To stay up-to-date on all things #atari and retro-pop-culture, follow on Facebook, Twitter, and Instagram.
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