Litecoin (LTC): A sort of Decentralized, open source, peer-to-peer cryptocurrency
Litecoin quick statistics
|Date of creation:||October 7, 2011|
|progression stage:||full version|
|Proof type:||Proof of employment|
|Block target:||2.5 minutes|
CoinPayments provides Litecoin payment processing Option to allow merchants to receive, send and store Litecoin. In addition, CoinPayments is the first crypto payment processor to integrate Litecoin payments. Check our website since 2013 – You can also see how much progress we have made in web design🙂
Litecoin is an open source global payment network that is completely decentralized on a secure network, enabling individuals to control their finances. The Litecoin blockchain can handle high transaction volumes, so even when selling larger ticket items, merchants can get a quick confirmation time.
Founder of Litecoin Charlie Lee Announced the groundbreaking news of LitePay, which is the Litecoin payment processor officially launched on February 26, 2018. LitePay was established to allow merchants to accept Litecoin (“LTC”), a cryptocurrency used for payment. In addition to provider processing, they also provide multi-signature wallets and LitePay debit cards, allowing users to instantly convert LTC to U.S. dollars. It will immediately convert all payments to U.S. dollars, and all deposits will incur a “simple 1% uniform settlement fee” instead of the approximately 3% fee charged by the credit card company. We imagine our crypto community is ecstatic about these changes, because they will increasingly realize the ability of consumers to use cryptocurrencies in a “not so niche” market, while providing merchants with a convenient processor, Enable them to accept the Litecoin exchange rate when locked, thereby eliminating the uncertainty and volatility of encrypted payments.
Litecoin has always provided services to its consumer group. There is no doubt that the Arizona Senate passed Bill 1091 in recent days, which allows the acceptance of cryptocurrency at taxation, with 16-13 advantages and no votes. Litecoin and Bitcoin are considered two possible currencies proposed for taxation.
Needless to say, it is safe to say that 2018 is the first year of Litecoin, and our CoinPayments team is happy to see what will happen next.
More information about Litecoin
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