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Litecoin (LTC) – Payment Solutions

Lincoln Cavenagh by Lincoln Cavenagh
March 16, 2023
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Litecoin (LTC) – Payment Solutions
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LITECOIN (LTC): A decentralized, open supply, peer-to-peer cryptocurrency

LITECOIN QUICK STATS

TYPE: Foreign money
CREATION DATE: October 7, 2011
DEVELOPMENT STAGE: Full Launch
CURRENT SUPPLY: 55,320,933
TOTAL SUPPLY: 84,000,000
ALGORITHM: Scrypt
PROOF TYPE: Proof of Work
BLOCK TARGET: 2.5 Minutes

CoinPayments gives Litecoin payment processing choices that enable retailers to obtain, ship and retailer Litecoin. Moreover, CoinPayments was the FIRST crypto fee processor to combine Litecoin funds. See our site from back in 2013 – you can too see how far we now have come on the net design facet of issues 🙂

Litecoin is an open supply international fee community that’s totally decentralized on a secured community that empowers people to take management of their very own funds. The Litecoin blockchain is able to dealing with excessive transaction volumes and in consequence, retailers get quick affirmation instances even when promoting larger ticket gadgets.

Litecoin founder Charlie Lee introduced the groundbreaking information of LitePay, a Cost Processor for Litecoin that formally launched on February 26, 2018. LitePay was based to permit retailers the flexibility to just accept Litecoin (“LTC”), the crypto forex for funds. Along with providing service provider processing, additionally they present Multi-signature wallets and a LitePay debit card which permits customers to immediately convert LTC into USD. It can immediately convert all funds to and from US {dollars}, and all deposits will end in “a easy flat 1% settlement charge” versus the roughly 3% charged by bank card corporations. We think about our crypto group is ecstatic with these modifications as they may more and more implement the flexibility for customers to spend cryptocurrency in a ‘not-so-niche’ market, whereas giving retailers a handy processor that enables them to just accept Litecoin at a locked-in alternate fee, thereby eliminating the uncertainty and volatility of crypto funds.

Litecoin has persistently delivered to its client base and it comes with no shock that in latest days Arizona Senate invoice 1091 which allows to just accept cryptocurrency as tax funds was handed with a 16-13 margin and one no vote. Litecoin and Bitcoin had been talked about as two doable currencies proposed for tax funds.

With out additional ado it’s protected to say 2018 is the yr of Litecoin and our CoinPayments staff is worked up to see what’s subsequent.

FURTHER INFORMATION ABOUT LITECOIN

Litecoin Website  |  Litecoin Block Explorer  |  Litecoin on BitcoinTalk

DISCLAIMER: The views and opinions expressed on this web page don’t characterize these of CoinPayments Inc., Hodltech OÜ or their respective associates, workers and representatives (collectively, “CoinPayments”). CoinPayments doesn’t endorse and isn’t liable for or accountable for the accuracy of any content material, or the promoting, merchandise, items, providers, supplies or different statements, on this web page. Readers ought to do their very own analysis earlier than taking any actions with respect to, or in reference to, this entity or the content material and statements on this web page. CoinPayments just isn’t accountable or liable, immediately or not directly, for any injury, expense or loss attributable to, or alleged to be attributable to or in reference to the usage of or reliance on, any content material, statements, merchandise, items or providers talked about on this web page.



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