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Litecoin (LTC) – Payment Solutions

CryptoNWZ by CryptoNWZ
February 12, 2025
in Altcoins
0
Litecoin (LTC) – Payment Solutions

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LITECOIN (LTC): A decentralized, open supply, peer-to-peer cryptocurrency

LITECOIN QUICK STATS

TYPE: Forex
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 supplies Litecoin payment processing choices that permit retailers to obtain, ship and retailer Litecoin. Moreover, CoinPayments was the FIRST crypto cost processor to combine Litecoin funds. See our site from back in 2013 – you may as well see how far we’ve got come on the net design aspect of issues 🙂

Litecoin is an open supply world cost community that’s absolutely 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 occasions even when promoting larger ticket gadgets.

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

Litecoin has constantly delivered to its shopper base and it comes with no shock that in current days Arizona Senate invoice 1091 which allows to simply 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 attainable currencies proposed for tax funds.

With out additional ado it’s secure to say 2018 is the 12 months of Litecoin and our CoinPayments group 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 symbolize these of CoinPayments Inc., Hodltech OÜ or their respective associates, workers and representatives (collectively, “CoinPayments”). CoinPayments doesn’t endorse and isn’t chargeable for or responsible 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 shouldn’t be accountable or liable, instantly or not directly, for any harm, expense or loss attributable to, or alleged to be attributable to or in reference to using or reliance on, any content material, statements, merchandise, items or providers talked about on this web page.

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